September private home sales up 13.1% on month to 1,270 units: URA

Developers in Singapore moved 1,270 private homes in September 2019, up 13.1 per cent from the 1,123 units they sold in the previous month and also 36.3 per cent higher than the 932 units sold in September 2018. The latest figure is the best showing in 14 months.

The above figures – which exclude executive condominium (EC) units – were released by the Urban Redevelopment Authority (URA) on Tuesday based on its survey of licensed housing developers.

Including ECs, which are a public-private housing hybrid, developers moved 1,298 units in September, marking an increase of 11.1 per cent from the 1,168 units sold in August. The latest figure is also up 37.5 per cent from the 944 units developers sold in September 2018.

At Avenue South Residence along Silat Avenue, which was launched last month, 361 units were sold at a median price of S$1,941 per square foot (psf) during the month. The 1,074 unit project is being developed by a consortium comprising UOL Group, United Industrial Corporation and Kheng Leong Company.

Some projects that had been released earlier also continued to chalk up encouraging sales in September. They include SingHaiyi Group’s Parc Clematis along Jalan Lempeng, where 119 units were sold at a median price of S$1,620 psf.

At Parc Botannia along Fernvale Street in the Sengkang area, 71 units were transacted at a median price of S$1,311 psf last month; the project is being developed by Sing Holdings and Wee Hur.

Sim Lian moved 69 units at Treasure at Tampines at S$1,355 psf median price. At The Florence Residences in Hougang, 68 units were sold at a S$1,456 psf median price, while at Parc Esta along Sims Avenue, 65 units were transacted at a S$1,680 psf median price during the month.

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