December sees 481 new private homes sold
According to the URA, this December contributed a lousy 481 new private homes sold.
That makes it a total of 14,725 new private homes sold in 2009, just a
tad shy of record 14,811 homes in 2007. But according to Colliers
Research, new private home sales hit 14,990, which breaks the record! Well, whoever you believe, one thing's for sure, 2009 was a wonderful year for property agents and developers. The big question is, will 2010 be another great year?
From what we've been hearing from the ground so far, we're pretty sure January 2010 will stop the current five month decline in new property sales.
December usually is a period of slowdown for property launches, developers launched only 734 new units in that month.
Via Channel News Asia, Channel News Asia again, and Business Times - "Banner year for property ends with a whimper". Collier's data comes via a BT fancy graphic.
Posted on 17-01-2010 22:02 | By John
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