Private home sales down in April despite more units launched

Sales of new private homes fell 11.6 per cent in April despite more property units being launched.

Excluding executive condominiums (ECs), property developers sold 745 units last month compared with the 843 units sold in March, data from the Urban Redevelopment Authority (URA) showed on Monday (May 16). Including ECs, 1,291 units were sold, down from March’s 1,328 units.

Excluding ECs, 900 units were launched in April, compared with 682 units the previous month. Including ECs, 2,160 units were launched, compared with 1,216 units in March.

The top selling project in April was the Sturdee Residences in Jalan Besar, followed by EC developments The Visionaire and Parc Life, both in Sembawang.

Source : Channel NewsAsia – 16 May 2016

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