Chart of the Day: December home sales tumbled 80%

Only 118 units were launched.

According to Barclays, while December is usually a weak month,, given the festivities, sentiment was poorer in 2013 after the TDSR rules in June. Developers launched only 118 units (-92% m/m).

With no new condo launches, sporadic sales were recorded from previous launches.

Here's more from Barclays:

Duo Residences, launched in November, sold another 11 units at a higher median price of S$2,394 psf vs S$1,999psf in November, bringing to-date sales to 89% of its 660 units.

Alex Residences sold another 6 units at a median price of S$1,810psf, vs S$1,706psf in November, bringing to-date sales to 174 units or 41% of the total 429 units.

The Creek at Bukit, sold only 2 more units at lower median price of S$1,533psf vs S$1,637 in November, brings to-date sales to 47 units or 18% of a total 260 units.

The 726-unit The Glades sold another 18 units at S$1,477psf, bringing take-up to 121 units, or just 17% since its launch in September, despite its proximity to the Tanah Merah MRT station.

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