Property developers in Singapore sold 759 private housing units last month, up 39 percent from the 548 units sold in October 2015, revealed latest data from the Urban Redevelopment Authority (URA) and reported The Business Times.
On a yearly basis, new private home sales jumped 79 percent.
MCC Land’s The Poiz Residences (pictured) emerged as the best-selling project in the month, with 277 units sold at a median price of $1,440 psf.
This was followed by Sky Vue, a condominium project in Bishan that was first launched in September 2013. CapitaLand sold another 59 units at a median price of $1,522 psf at the project after reportedly reducing prices by up to 10 percent. Nonetheless, the project’s median price in 2013 was still lower at $1,401 psf.
UOL Group’s Principal Garden moved another 45 units at a median price of $1,626 psf, while Sims Urban Oasis by GuocoLand sold 39 units at a median price of $1,388 psf.
Meanwhile, Nanshan Group sold another 38 units at Thomson Impressions at a median price of $1,396 psf.
Including executive condominiums, developers sold 945 units last month, a 15 percent increase from the 823 units sold in October, but 26 percent down from November 2014.
Romesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories email romesh@propertyguru.com.sg
