New condo sales down 42% to 375 units in June

Blame it on the June holidays.

The Urban Redevelopment Authority (URA) today said that developers sold 375 new private homes in June.

This is down 41.6% from the 643 units sold in May and is also lower than the 482 units sold in June last year. Home-buying sentiment is traditionally muted in June due to the school holidays.

Developers also sold a total of 110 Executive Condominiums.