Demand for private homes rebounds in July

Demand for private residential properties in Singapore rebounded in July, according to data released by the Urban Redevelopment Authority (URA).

Figures showed that excluding Executive Condominiums (ECs), sales of private properties rose to 1,943 units last month, up nearly 42 per cent from June.

Three out of the top four best selling projects were located in the suburban areas.

They were Parc Centros in Punggol which sold 492 units last month, Parc Olympia located in Loyang (204 units) and River Isles in Punggol (86 units).

Meanwhile, V on Shenton, located in the core central region, was the third best selling development with 144 units sold in July.

All in, URA’s figures showed that developers sold 253 units of new homes located in the core central region, 181 units at the city fringe, and 1,509 units in suburban areas last month.

Including ECs, URA said a total of 2,067 units of new homes were sold in July.

Source : Channel NewsAsia – 15 Aug 2012

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