URA pte residential home sales down

URA pte residential home sales down 


In yet another sign of the slowing property market, the number of private residential units sold last month saw a decline of 13 percent.


Figures released by the URA today showed that 279 private homes, including executive condominiums, were sold in April.


This was 43 units less than the 322 homes sold in March.


Another indicative sign of a slowdown is that the prices fetched for the homes sold were also lower.


Last month, the highest price sold for a unit was 4,368 dollars per square foot at Scotts Square.


This represents a 5 percent drop in price as the priciest unit sold at that development in March was 4,612 dollars per square foot.


Source: 938Live

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