August new home sales surprise with strong showing

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In august 2019, developers launched 979 units, an increase of 7.5 percent from 911 units in July 2019, and up 83 percent from 534 units in August 2018.

Property Developers sold 1,122 new private homes in the normally quiet month of August, down by just 4.8 percent from the 1,179 units sold in July 2019, as demand remained resilient despite the weaker macro-economic conditions.

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