From January to September 2023, there were 505 private homes launched in the core central region (CCR), but 1,182 new homes were sold, according to data from the Urban Redevelopment Authority (URA). New homes from projects already launched accounted for the additional homes sold.
In comparison, there were 2,747 new private homes sold in the city fringe, with 4,183 units launched.
In the suburbs, developers launched 1,803 new homes and sold 1,230 units.
Overall, demand has slowed in 2023, which is expected to record the lowest yearly new home sales since 2008, when 4,264 units were sold.
Analysts attributed the slump to factors such as high interest rates and another round of property cooling measures in April.
Ms Wong Siew Ying, PropNex's head of research and content, said she expects overall new private home sales, excluding executive condominiums, to underperform the 7,099 units sold in 2022, which was already a 14-year low since 2008.
Bu hikaye The Straits Times dergisinin December 25, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye The Straits Times dergisinin December 25, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
K-pop or Thai pop? Blackpink singer Lisa's new song sparks debate
SEOUL Upon the release of Thai singer Lisa's new solo single Rockstar on June 28, a heated debate ignited online between South Korean and Thai fans over whether the song should be classified as K-pop or Thai pop.
'TWO BEST TEAMS' COLLIDE
Lehmann believes Germany will beat Spain’s youth team’, del Bosque disagrees
LIMP END FOR PEGULA, HURKACZ
World No. 5 loses to Wang in second round, injured Pole retires against Fils as seeds fall
'NO NEED FOR AN APOLOGY, MAX'
Norris cools down over their collision; says FIA needs clarity on moving while braking
Sustainability-related loans in S'pore rise for sixth year to $30.4b
More is also being done to strengthen the talent pool for sustainability-related jobs
S'pore stocks up in tandem with regional indexes; STI rises 0.7%
Gainers outpace losers 360 to 214 on solid trade of 1.4b units | ThaiBev leads STI's gains, YZJ Shipbuilding the biggest loser | KL, Hang Seng, Nikkei, Kospi, Australia gain 0.1% to 1.2%
Upskilling for 15,000 Sentosa workers to lift tourism sector under new framework
Sentosa Development Corp links up with NTUC LearningHub
First hawksbill turtle nest found in East Coast Park after oil spill
A nest of eggs from the critically endangered hawksbill turtle has been found in East Coast Park, the first since the 400-tonne oil spill on June 14 that marred Singapore's shorelines.
New academy to equip healthcare professionals with sustainability skills
Sector seeks to maintain quality of care while switching to greener options
One in 3 new cars registered from Jan to May is an electric vehicle
This is nearly double the 18.1% in 2023; over 7100 charging points available across S’pore
