Singapore: Sales of new private homes more than doubled in July at 1,091 units

• Aug 15, 2016

Singapore: Sales of new private homes more than doubled in July at 1,091 units

Monday, 15 August 2016 – Demand for new private homes in Singapore more than doubled last month, driven by more new launches.

Developers sold 1,091 new private homes in July, up 103.5 per cent from the 536 units moved in the previous month, according to data from the Urban Redevelopment Authority (URA) on Monday (Aug 15).

The stronger sales were were due in part to more projects launched during the month. URA’s figures showed that 624 new units – excluding executive condominiums – (ECs) were launched for sale in July, compared with just 234 units in June.

The suburban areas led sales with 825 new private homes sold in the month. This was followed by city fringe with 213 units and 53 units in the core central region. Read More?