Residential 230 private homes sold in December 2014 In December 2014, developers sold 230 private homes. This was significantly lower than the 423 units that were sold in November last year. According to the Business Times, the lack of launches and marketing effort could have affected sales of private homes in December. Not only so, weak market sentiments could have affected demand of private homes, said Alice Tan from Knight Frank. Nonetheless, the sale of new homes in December last year was comparable to the 259 units sold last year, year-on-year, according to the Urban Redevelopment Authority. Market experts predict that there will be fewer units sold this year, and theyexpect developer sales to reach 7,000 to 10,000 units this year. Prices of private homes are expected to fall by 5 to 8 percent, compared to 2014. Nonetheless, Ong Teck Hui from JLL is optimistic about the property market in ......