Image by Jason Goh from Pixabay

New home sales dip 6.5% MoM in October

October’s sales tally is the lowest in 2023.

New private home sales dipped by 6.5% MoM to 203 units in October, data from the Urban Redevelopment Authority (URA) showed.

Year-on-year, sales dropped 35.4%. 

Including executive condominiums (ECs), new home sales fell by 33.1% MoM to 224 units.

OrangeTee attributed the sales drop to the lack of launches “since the lunar seventh month as developers either brought forward or held back their sales launches.”

October’s sales were largely concentrated in the city fringe and the suburbs, with the Rest of Central Region accounting for 40.4% or 82 units sold during the month.

The Outside Central Region (OCR) and the Core Central Region accounted for 37.4% (76 units) and 22.2% (45 units) of sales in October, respectively.

Follow the links for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!