Sales of uncompleted private homes reached a new high last month.
The number of units sold surged more than 50 per cent from June, as improving market sentiments spurred more home buyers to snap up properties.
A total of 2,767 units were sold in July, up from 1,825 in June.
The developments that sold the most units last month were The Gale, Meadows@ Peirce, Waterfront Key, Sophia Residences and Parc Imperial.
These five projects made up nearly 40 per cent of total sales.
The median price for these projects ranged between S$696 and S$1591 per square foot.
In terms of high-end homes, developers sold a total of 410 units that had a median price of above S$1500 per square foot.
Sales of mass-market developments also remained strong.
Projects that had a median price of less than S$900 per square foot made up 45.2 per cent of the total units sold.
Property firms launched a total 2878 units last month, up 76 per cent compared to June.
Source : Channel NewsAsia – 17 Aug 2009