Despite a lack of new project launches and a period of slower sales activity due to the June school holidays, new private home sales remained steady in June. Developers sold 228 new units (excluding EC) in June, up 2.2% month on month (MOM) from the admittedly low base of 223 units sold the previous month. Year on year, developers’ sales fell 18% from 278 new homes sold in June 2023.
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