Based on the data released by the Urban Redevelopment Authority on Wednesday, 15 September, developers’ sales in August moderated by 23.6% month-on-month (MOM) to 1,215 new private homes sold (excluding Executive Condos, or ECs) from July’s 1,591 units sold, reflecting the impact of the Ghost Month in August. On a year-on-year (YOY) basis, developers’ sales declined 3.4% from the 1,258 units transacted in August 2020. This brings the total developer sales (excluding ECs) year-to-date (YTD) to 9,416 units, up 48.1% compared to the same period last year.
Developers sold 107 EC units in August, reflecting a decline of 30.1% MOM from the 155 units sold in July. There was no new EC launch during the month. Overall, the total developer sales (including ECs) in July 2021 totalled 1,322 units, reflecting a decline of 24.3% MOM and an increase of 1.0% YOY.