Developers in Singapore managed to sell only 4,351 homes in the entire year of 2008. This is the lowest sales figure in a decade – worse than the previous low of 5,156 and 5,520 units in the last two recessions in 2003 and 1998 respectively.
The sales in 2008 were also significantly lower than the annual 10-year average (1998-2007) of 8,200 units.
In December 2008, only 131 new home units were sold, though the units available for sale had jumped to 8,350 units from 6,512 units in the previous month.
The sales in 2008 were also significantly lower than the annual 10-year average (1998-2007) of 8,200 units.
In December 2008, only 131 new home units were sold, though the units available for sale had jumped to 8,350 units from 6,512 units in the previous month.
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