Residential Resale volumes of private homes increased 8.4% in H2 2014 In H2 2014, 2,528 more private homes changed hands than in H1 that year. According to DTZ, there was an 8.6 percent increase in the resale volumes of private houses. Lee Nai Jia from DTZ said that as sellers adjusted their prices to fit demand, resale volumes increased. Lee added that the weak rental market has pushed home owners to sell their properties. Ong Choon Fah from DTZ believes that resale volumes will continue to increase. On the other hand, new sales by developers fell by 36 percent to 2,520 units in H2 from H1 last year. Despite that, Ong believes that developers would not be cutting prices any time soon as they have reserves to tide through the lull sales period. (Source: Business Times)  Land bids for EC site hits a new low Land bids for ......