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SG Rise in private new home sales

Property Here - Monday, June 17, 2013

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Sales of new private homes in Singapore rose 5 percent month-on-month during May 2013 according to the latest data released by the Urban Redevelopment Authority (URA).

Last month a total of 1,455 private homes were sold – some 5 percent more than April’s totals but 15 percent less than in May 2012. Sales including Executive Condominiums were recorded as 1,912 compared to 1,547 in April 2013.

During May Singapore property developers launched a total of 1,521 private homes compared to the 1,158 in the previous month. A total of 457 Executive Condominiums were launched during the month. 

The suburban region saw the majority of sales with 1,185 transactions, followed by the city fringe with 602 units and the core city area with 125 units.
 
Five projects sold more than 100 units during May 2013. Twin Fountains, an EC project, sold 316 units at a median price of S$741 per sq ft and is close to being 80 percent sold.

Newly-launched Stratum sold 269 units of the 380 launched at a median price of S$925 per sq ft. It is now more than 70 percent sold.

Corals at Keppel Bay sold 132 units during May at a median price of $2,150 per sq ft.

Other best-selling units were Kap Residences and Bartley Ridge, which sold 105 and 100 units respectively at median prices of S$1,839 per sq ft and S$1,257 per sq ft.

Recent monthly private home sales:
April 2013: 1,380 (1,552 including Executive Condominiums)
March 2013: 2,793 (3,072 including Executive Condominiums)
February 2013: 712 (921 including Executive Condominiums)
January 2013: 2,028 (2,284 including Executive Condominiums)

Number of new private condominium units launched:
April 2013: 1,162 units
March 2013: 3,489 units
February 2013: 261 units
January 2013: 1,814 units 


 
Andrew Batt, International Group Editor of PropertyGuru, wrote this story. To contact him about this or other stories email andrew@allproperty.com.sg