New private home sales up 24% in June: URA

Demand for new private homes in Singapore rose in June, according to latest data from the Urban Redevelopment Authority (URA).

1,806 new units were sold during the month, up 24 per cent from May, when 1,455 units were sold. Including executive condominiums (ECs), 2,119 new homes were transacted in June, compared to 1,912 units sold in the previous month.

The strong sales was driven primarily by J-Gateway at Jurong East.

737 units out of the 738 units at the development were snapped up when it was launched at the end of June.

The other top selling project in June included Jewel@Buangkok, which sold 282 units.

During the month, URA said 119 units of new private homes in the core central region were sold.

Sales of new homes located in the city fringe totalled 326 units, and 1,361 units for those in suburban areas in June.

Meanwhile, Forestville in Woodlands topped sales in EC segment, with 226 units sold.

Source : Channel NewsAsia – 1 July 2013

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