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|July 15,2014

Private home sales fall almost 70% in June

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Private home sales fall almost 70% in June

Private home sales slowed more than 67% in June after it rose in May to their highest in almost a year. The combination of given the cautious buying sentiments, seasonal effects of the June school holidays and fewer new launches dampened the volume of transactions. As a result, developer sales remain subdued in June with a total of 418 units launched and 482 units sold (excluding ECs).

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