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SG Drastic drop in April new home sales

Property Here - Wednesday, May 15, 2013

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By Romesh Navaratnarajah:

New private home sales for April 2013 dropped more than 50 percent from the previous month to reach 1,375 units, according to data released by the Urban Redevelopment Authority (URA).

Year-on-year, this is a 45 percent decline. Including executive condominiums (ECs), home sales during the month hit 1,547 units.

Meanwhile, developers launched 1,158 units last month compared to the previous figure of 3,489.

The three top-selling projects in April included Bartley Ridge, which sold 154 units at a median price of S$1,278 psf. This was followed by the newly launched Sant Ritz in Upper Serangoon, where 104 units were sold out of the 176 launched at a median price of S$1,494 psf. D’Nest in Pasir Ris Grove sold 92 units in the month at a median price of S$959 psf.

 

Romesh Navaratnarajah, Senior Editor at PropertyGuru, wrote this story. To contact him about this or other stories email romesh@allproperty.com.sg