Singapore’s private property market rebounds in January

Data released Wednesday by the Urban Redevelopment Authority (URA) showed that 1,476 units were sold in the first month of the year, about triple the 481 units sold in the previous month.

The rise in the number of private homes sold also breaks a five-month streak of declines.

As was the trend in previous months, higher-end projects were more popular.

Cube 8, a City Developments project located at Thomson Road, was the most popular, with 167 units sold last month at a media price of S$1,286 per square foot.

Coming in second place was The Shore Residences at Amber Road by Dover Rise and Whitewater Properties, which sold 144 units at a median price of S$1,200 per square foot.

The most expensive unit sold last month was Orchard View at Angullia Park, which went for S$3,243 per square foot.

Source : Channel NewsAsia – 17 Feb 2010

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