THE market for new private home sales cooled in June, falling to 488 units from May’s 6-month high of 1,355 units, excluding executive condominiums (ECs).
The figures released by the Urban Redevelopment Authority (URA) on Friday (Jul 15) showed that transactions recorded last month were the lowest since May 2020, where 487 units were transacted. Between December 2021, when cooling measures were introduced, and April this year, monthly figures hovered around 600 units.
June 2022 sales also represent a 44 per cent fall from the same period last year, where 872 transactions were carried out.
