By Mr. Propwise Total residential sales fell by an estimated 21% month-on-month in June, with new home sales falling by 19% (excluding Executive Condominiums) to 1,371 units while secondary market sales fell by 29% to 1,010 units. This is the third month of contraction for total residential sales and the second month for new home sales (excluding ECs). A clear trend of falling volumes and decreasing liquidity in the housing market is forming, likely caused by a pullback in housing demand, as investor appetite for property is satiated both by the large number of launches in the recent months and also as worries about sluggish economic growth start to dominate. Tougher times for developers ahead? Only three projects generated sales of over 100 units in June, compared to four in May and six in April. The top three projects were River Isles in Punggol (263 units sold in June, median ......