Private home sales dip 8% in March following Feb’s bounce

Sales of private homes dipped 8 per cent in March to 1,220, compared to 1,323 in February.

Latest data from the Urban Development Authority (URA) showed that new properties in suburban areas saw strong sales.

Double Bay in Simei saw the biggest sales, with 264 units changing hands. Mi Casa in Choa Chu Kang came in second with 101 units sold.

Properties located just outside the city also drew strong demand. The Arte at Thomson for example, saw 90 units changing hands at a median price of S$874 per square foot.

Developers also placed fewer new units for sale in March – 832 compared to 1,069 in February, down 22 per cent.

Source : Channel NewsAsia – 15 Apr 2009

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