Click here to download PDF version Private home demand seemed unfazed by the global economic uncertainties and the Chinese lunar seventh month as more than 1,000 new homes were sold last month. Developers moved 1,122 new homes in August, 4.8 […]
The number of new private homes that changed hands in July rose almost 90 per cent when compared with June this year, according to developers’ sales survey by the Urban Redevelopment Authority (URA).
New private home sales dipped month-on-month (m-o-m) in June owing to a dearth of mega launches (more than 500 units), but sales are expected to rebound this month in view of a slew of major launches.
New private home sales rebounded strongly as more projects were launched prior to the June holidays. According to developers’ sales survey by the Urban Redevelopment Authority, new home sales rose 29.5 per cent month-on-month (m-o-m) to 952 units in May. On a year-on-year basis, sales dipped 15.2 per cent. No executive condominiums (EC) were sold last month.
Amid the absence of major project launches and the Lunar New Year festive period, new home sales continued to rise across many previously launched projects last month, a reflection of resilient home buying sentiment. According to the developers’ sales survey by the Urban Redevelopment Authority for February, new home sales rose 4.4 per cent month-on-month (m-o-m) to 455 units in February. Including executive condominium (EC) units, developers sold 457 units last month, registering a 4.6 per cent m-o-m increase. On a year-on-year basis, new home sales excluding ECs was 18.5 per cent higher than February 2018, despite the uncertain economic outlook and property cooling measures this year.