New private home sales fall 47.6% in Aug due to lack of new launches during Hungry Ghost month

August private home sales hit a 28-month low in Singapore, down by around 40% from the previous month. Analysts attributed this to a lack of new launches in the suburbs because of the Hungry Ghost month, and the already-low supply of homes. Newly launched integrated development Lentor Modern is expected to lead strong home sales for the rest of the year.

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