New Private Home Sales in December Down by 58%, Amid Cooling Measures and Seasonality

A total of 650 units (excluding ECs) were sold in December, as compared to the 1,547 units in November.

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Another reason for the decline in sales in December was also due to a lower number of units launched. Developers were mindful of the holiday season in December and may have wanted to regroup after the cooling measures were announced abruptly.

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