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MEASURES to cool the property market appear to have been successful in tempering market exuberance for private homes.
Addressing Parliament yesterday, National Development Minister Mah Bow Tan said that the latest figures from the Urban Redevelopment Authority (URA) showed sales of private homes by developers falling month-on-month by 37per cent in September and 29per cent last month.
In response to a query from MP Cynthia Phua (Aljunied GRC) on sub-sales figures, Mr Mah also highlighted that the number of sub-sales had fallen.
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