{"id":72907,"date":"2024-02-16T19:13:10","date_gmt":"2024-02-16T11:13:10","guid":{"rendered":"https:\/\/www.99.co\/singapore\/insider\/?p=72907"},"modified":"2024-02-16T19:15:03","modified_gmt":"2024-02-16T11:15:03","slug":"january-lowest-private-home-sales-15-years","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/january-lowest-private-home-sales-15-years\/","title":{"rendered":"Here’s why January had the lowest private home sales in 15 years"},"content":{"rendered":"
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A few weeks back, we discussed how the HDB resale<\/a> market in January saw the highest million-dollar sales in history, totaling to 74 transactions. <\/a>However, while the public housing sector flourished, the private home sales segment painted a starkly different picture. <\/span><\/p>\r\n\r\n\r\n\r\n

I<\/span>n this article, we’re taking a look at the private home sales for the same month, <\/span>uncovering the reasons behind its unprecedented dip.<\/span><\/p>\r\n\r\n\r\n\r\n

Sales performance in January 2024<\/b><\/h2>\r\n\r\n\r\n\r\n

In January 2024, the private home sales volume hit a significant low, recording the lowest figures seen in 15 years.\u00a0<\/span><\/p>\r\n\r\n\r\n\r\n

Despite this sobering statistic, there was a notable upswing in new private home<\/a> sales, more than doubling from December last year.\u00a0<\/span><\/p>\r\n\r\n\r\n\r\n

Excluding executive condominiums (ECs)<\/a>, developers managed to move 281 units, representing a staggering 108.1% increase from the previous month, albeit signalling a 28.7% decline from January 2023.<\/span><\/p>\r\n\r\n\r\n

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Executive condos for you<\/h4><\/div>\n
See all listings<\/a><\/span><\/div>\n <\/div>\n
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\n \"694\n <\/div>\n
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694 Jurong West Central 1<\/div>\n
Singapore 640694 \u00b7 D22<\/div>\n
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\n \"bedroom\"\n 3<\/span>\n <\/div>\n
\n \"bathroom\"\n 2<\/span>\n <\/div>\n
\n 1,098 sqft<\/span>\n <\/div>\n <\/div>\n
S$ 599,000<\/div>\n <\/div>\n
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