Complete Property Market Updates of Singapore

June 11, 2008

Private home sales slide in April

Filed under: General,Land Sale,Property Deal — Propertymarketupdates @ 1:09 am

Number of new homes sold and launched fall sharply

PRIVATE home sales weakened further last month, with the number of new homes launched and sold dropping sharply from March.

Developers launched just 271 units in April, most of them in mass market projects. This was less than half of what they launched in March, and the lowest number since the Urban Redevelopment Authority started releasing monthly sales figures last June.

Buyers took up 274 homes, down from the 301 sold in March.

Prices also continued to dip, with the median price of new sales sliding 8.9 per cent to $943 per sq ft.

Among the best-selling projects last month were the 56-unit Stadia in Yio Chu Kang Road, which sold 52 units, and the 88-unit Breeze by the East in Upper East Coast Road, where 22 units were sold.

The 848-unit Lakeshore in Jurong West saw another 32 units sold, while 14 units were taken up at the 625-unit Quartz in Buangkok.

Source : Straits Times – 15 May 2008


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