Demand for new private homes surges 54% on-month in August

Demand for new private homes in Singapore surged nearly 54 per cent on-month in August, after the sharp decline seen in July.

According to latest figures from the Urban Redevelopment Authority (URA), 742 new private homes were sold last month, compared to the 482 units transacted in July.

The best-selling project in August was The Tembusu at Tampines Road with 218 units sold.

Including executive condominiums (EC), a total of 1,468 new homes were sold in August, with ECs accounting for nearly half of August’s sales.

The most popular EC projects were Ecopolitan at Punggol with 335 units sold and Lush Acres at Sengkang, selling 311 units.

Source : Channel NewsAsia – 16 Sep 2013

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