Private home sales in June drop 25% on-month

Sales of private homes fell 25 per cent in June from a month earlier, according to data released on Friday by the Urban Redevelopment Authority (URA).

A total of 1,182 private residential units were sold last month, down from 1,575 units in May.

Private homes in the Outside Central Region (OCR) accounted for 833 of the units sold in June, compared with 227 units in the Rest of Central Region (RCR) and 122 units in the Core Central Region (CCR).

Including Executive Condominiums (ECs), the total sales in June would have been higher, at 1,394 units.

The most expensive property sold in June was Le Nouvel Ardmore at Ardmore Park, where a unit was sold at a median price of S$4,362 per square foot.

Chalking up the best sales was Woodhaven at Woodgrove Avenue, which sold 155 units at a median price of S$981 per square foot.

The best selling EC was Belysa at Pasir Ris Drive 1, which sold 153 units at a median price of S$700 per square foot.

Source : Channel NewsAsia – 15 Jul 2011

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