Private home sales jump 60.1% in October

Sales of new private homes jumped 60.1 per cent last month.

Excluding executive condominiums (ECs), developers of private homes sold 546 units in October, up from the 341 units sold in September, data from the Urban Redevelopment Authority (URA) showed on Monday (Nov 16).

The rise in sales came as developers launched 434 units last month, an 11 per cent increase from the 391 units launched the previous month.

When ECs are included, developer sales rose to 822 units last month compared with 629 units in September.

However, the number of ECs sold was 4 per cent fewer than the previous month, at 276 units. This was in line with the drop in launches, which was 505 units in October, compared with 525 units in September.

The Criterion was the only EC launched last month, which sold 41 out of its 505 units at a median price of S$805 per square foot.

Source : Channel NewsAsia – 16 Nov 2015

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