Demand for new private residential properties up sharply in January

Demand for new private residential properties in Singapore rose sharply in January according to data from the Urban Redevelopment Authority.

Last month, 1,872 units of new homes, excluding executive condominiums (EC) were sold – more than double the 632 units moved in December.

The top selling project in January was Watertown situated at Punggol Central, with 770 units sold.

Other star performers for the month include The Hillier, which sold 387 units, as well as Parc Rosewood with sales of 198 units.

All three projects are located in the suburban areas.

Including executive condominiums, a total of 2,077 units new homes changed hands in January.

In particular, 172 units at The Rainforest, an EC project at Choa Chu Kang Avenue 3, have been sold last month.

Source : Channel NewsAsia – 15 Feb 2012

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