SINGAPORE, Oct. 15 (Xinhua) -- Singapore's new private homes sales declined 33.5 percent in September compared with the previous month, mainly because developers continued to scale back new launches, according to data released by Urban Redevelopment Authority (URA) on Thursday.
Excluding executive condominiums (ECs), developers sold 341 units in September, a 33.5 percent decrease from the 513 units sold the previous month. Including ECs, 629 units were sold last month, falling 35.8 percent from 979 units sold in August.
The decreasing sales came as developers launched just 391 units last month, down from the 598 units launched the previous month. Including ECs, a total of 916 units were launched, compared with the 1,305 units launched in August.
Private homes refer to those developed by private developers. About 80 percent of the resident households in Singapore live in public housing units built and sold by the government. Private homes are typically more expensive than public housing units.
