Synopsis: This is a special episode of The Straits Times' video series The Big Story, hosted by Hairianto Diman and Olivia Quay. According to the latest Urban Redevelopment Authority figures, new private home sales in December 2021 slumped 58 per cent from November. Year on year, take-up was down 46.6 per cent, from 1,217 units in December 2020. Housing correspondent Michelle Ng shares more on the possible reasons for the slump, including the recent property cooling measures. Produced by: ST Video team Edited by: ST Video team and Penelope Lee Discover The Straits Times Videos: https://str.sg/JPrc Discover ST podcasts: Channel: https://str.sg/JWVR Spotify: https://spoti.fi/2PwZCYU Apple Podcasts: https://apple.co/2Lu4rPP Google podcasts: http://str.sg/googlestbt Websites: http://str.sg/stpodcasts Feedback to: [email protected]  Follow Hairianto Diman on Instagram: https://www.instagram.com/iamhairianto/?hl=en Follow Olivia Quay on Instagram: https://www.instagram.com/oliviaquayhere/?hl=en --- Discover more ST podcast series: Asian Insider Podcast: https://str.sg/JWa7 Green Pulse Podcast: https://str.sg/JWaf Health Check Podcast: https://str.sg/JWaN ST Sports Talk Podcast: https://str.sg/JWRE Life Weekend Picks Podcast: https://str.sg/JWa2 #PopVultures Podcast: https://str.sg/JWad Bookmark This! Podcast: https://str.sg/JWas Lunch With Sumiko Podcast: https://str.sg/J6hQ Discover BT Podcasts: https://bt.sg/pcPL Follow our shows then, if you like short, practical podcasts! See omnystudio.com/listener for privacy information.