Chart of the Day: This graph proves how disappointing 2013 home sales volume was

It was far below 2012's record sales.

According to Knight Frank, developer sales of new private homes picked up in 4Q 2013 as the market gradually adjusted to the initial impact of Total Debt Servicing Ratio (TDSR) ruling.

New sales in 4Q 2013 (2,635 units) was 8.4 per cent above 3Q 2013 record (2,430 units).

Here's more from Knight Frank:

However, total sales volume in 2013 was 15,015 units, which was far below the record sales of 22,197 units in 2012. New project launch activities were also muted as there were only 15,935 units released in the market in the whole of 2013, compared to 21,478 units last year.

While there was a 32 per cent annual drop in primary home sales for 2013, this was largely attributable to the higher ABSD and TDSR introduced in January and June 2013 respectively. This had led to a substantial reduction in demand pool as more investors and homebuyers are less financially eligible for property purchase.

Looking at the best performing projects, 2013 was a remarkable year for Jurong area with the full sell-out of J Gateway at record prices achieved in this area, and the opening of two major shopping malls. Some other major launches with strong sales performance in 2013 include Duo Residences, Sky Vue, Alex Residences, Urban Vista, La Fiesta and D’Nest.