New condo sales surge to 15-month high in October

Sales of new condominiums surged to a 15-month high last month as buyers snapped up units at two newly launched developments.

Property developers sold 1,252 new private homes in October, more than double the 509 sold the previous month and the highest since July 2015, when 1,655 units were sold.
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More than half of the units sold in October were from two new projects – Forest Woods in Serangoon, where 364 units were sold, and The Alps Residences in Tampines, where 334 units were sold.

Including executive condominiums, developers sold 1,540 units in October, up from 769 in September.

A total of 1,467 new private homes were launched last month, triple the 479 units launched in September. The bulk of the new units, or 1,145 homes, were at Forest Woods and The Alps Residences.

Source : Channel NewsAsia – 15 Nov 2016

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