Still, full-year sales are expected to top 2007’s 14,811 units
THE recent buying euphoria in the new homes market appears to have cooled further, with developers selling 1,143 units last month, well down on the 1,804 units sold in August.
SLIDING SALESProperty consultants attribute the fall to seasonal factors and price resistance, as well as government measures introduced last month to calm the fast-rising market.
A slowdown had been expected, as the fast and furious pace of sales – which hit a whopping 2,772 units in July alone – was not sustainable, they said.
Still, the weaker September sales figure is about treble the number of units sold in the same month a year earlier. Sales in the first nine months of the year are now 12,969 units. Continue reading
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