Private home sales up 17% in July

Singapore private home sales jumped 17 per cent in July from the previous month, to 1,386 units.

The Urban Redevelopment Authority (URA) said suburban area sales accounted for 754 units, or 54 per cent of the total sold.

The city fringe accounted for 510 units, or 37 per cent, while nine per cent of those sold were central area units.

Including Executive Condominiums (ECs), the total sales in July would have been higher, at 1,954.

Chalking up the best sales was Skyline Residences at Telok Blangah Road, which sold 167 units at a median price of S$1,902 per square foot.

The best selling EC was Riverparc Residence at Punggol Drive, which sold 322 units at a median price of S$694 per square foot.

The most expensive property sold in July was The Orchard Residences at Orchard Boulevard, where a unit was sold at a median price of S$4,299 per square foot.

Source : Channel NewsAsia – 15 Aug 2011

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