New private home sales in Singapore increased more than four fold in July 2015 from the previous month, with a single development accounting for the majority of sales, reported Channel NewsAsia.
Property developers sold 1,594 private homes in July, up from the 375 units in June, revealed data from the Urban Redevelopment Authority (URA).
High Park Residences in Sengkang accounted for the bulk of sales, with 1,169 units sold at a median price of $989 psf. It was also the only new condominium project in the month.
As for executive condominiums (ECs), developers moved 495 units in July from 110 units previously. This came mainly from two new projects which bolstered the number of units launched to 1,155 in July. There were no new ECs were launched in June.
The Brownstone, located next to the upcoming Canberra MRT station, emerged as the best-selling EC project in July, with 187 units snapped up by buyers at a median price of $818 psf. The Vales in Anchorvale Crescent, another new launch, recorded 79 transactions at a median price of $788 psf.
Image: Artist’s impression of High Park Residences in Sengkang.
Romesh Navaratnarajah, Singapore Editor at PropertyGuru, edited this story. To contact him about this or other stories email romesh@propertyguru.com.sg
