Private home sales rebound strongly in July

Sales of new private homes rebounded last month as more projects were launched in July.

Excluding executive condominiums (ECs), property developers sold 1,091 units in July, around double the 536 units sold in June, data from the Urban Redevelopment Authority (URA) showed on Monday (Aug 15). Including ECs, 1,921 units were sold, up from June’s 768 units.

Of the sites launched, private development Lake Grande at Jurong Lake Link, and ECs Treasure Crest at Anchorvale and North Wave at Woodlands View showed the strongest sales in the previous month.

The stronger sales came as developers launched 1,486 units, up 1,252 from the 234 units launched the previous month.

Source : Channel NewsAsia – 15 Aug 2016