Sales of new private homes rose

SINGAPORE: Sales of new private homes in Singapore rose 49.3 per cent year-on-year in September, and increased 8.7 per cent compared to the previous month, according to data released by the Urban Redevelopment Authority (URA) on Monday.

Excluding executive condominiums (ECs), property developers sold 509 units last month, surpassing the 341 units sold in September 2015 and the 468 units sold in August, a traditionally quiet month due to the Hungry Ghost Festival.

Including ECs, 769 new private homes were sold, compared to 629 last year and 799 in August. Recent executive condo launches include Treasure Crest and Northwave EC while existing ones include The Terrace EC, Brownstone EC, The The Vales EC, Parc Life EC , Sol Acres EC, The Visionaire EC, Bellewoods EC, Signature at Yishun, The Criterion EC, Waterwoods EC, Skypark Residences, Wandervale EC, The Amore EC,  Bellewaters EC.

A total of 479 units were launched for sale in September, up from the 391 units launched in the same period last year but down from August’s 590 units.

executive condo photo 2