Private home sales rebound after 4-month low

Sales of private residential properties increased in March, bucking four consecutive months of decline.

Data released on Friday by the Urban Redevelopment Authority (URA) showed that 1,386 private homes were sold last month, up 25 percent on-month from the 1,105 units sold in February.

Including executive condominiums, the total sales would have reached an even more impressive figure of 1,543.

The suburban region saw the most sales, with about 631 units sold while 492 units were sold in the city fringe areas.

The central region saw the least sales, with 263 units sold.

H2O Residences in Sengkang was the most popular development in March, with 255 units sold.

Meanwhile Scotts Square in the city region fetched the highest price tag for a unit, at S$4,334 per square foot.

It was followed in a close second by Boulevard Vue, the only other apartment to cross the S$4,300 mark in March.

Executive condo The Canopy sold the cheapest unit, at S$530 per square foot.

Source : Channel NewsAsia – 15 Apr 2011

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