This city fringe condo - Sturdee Residences is popular with investors and buyers who prefers to live near the city
Sales of new private homes more than doubled in July at 1,091 units as developers sold more homes compared to 536 units in the previous month in June 2016 according to URA data on 15 August 2016. However, when compared against the 1,655 units sold in July last year, last month's new home sales were down by 34 per cent.
The stronger sales were were due in part to more projects launched during the month as URA's figures showed that 624 new units - excluding executive condominiums - (ECs) were launched for sale in July, compared with just 234 units in June. The suburban areas sold 825 new private homes followed by city fringe with 213 units and 53 units in the core central region.
The stronger sales were were due in part to more projects launched during the month as URA's figures showed that 624 new units - excluding executive condominiums - (ECs) were launched for sale in July, compared with just 234 units in June. The suburban areas sold 825 new private homes followed by city fringe with 213 units and 53 units in the core central region.
Top selling new condo in July was Lake Grande in Jurong, which sold 464 units at a median price of S$1,368 psf
The top selling new private residential project in July was Lake Grande in Jurong, which sold 464 units at a median price of S$1,368 psf. "Apart from Lake Grande, existing projects with unsold units also saw good traction in sales. In terms of pricing, we did not observe any sharp discount from June, so this was a case of underlying demand - buyers who've been sitting on the fence deciding to make a purchase," head of CBRE Research for Singapore and South East Asia Desmond Sim told The Straits Times.
Sol Acres EC is a popular choice among young couples because of its good location and family oriented facilities
July also saw a sharp rise in sales of new Executive Condo projects, with 830 units changing hands up from 232 Executive Condo units sold in June. Including ECs, a total of 1,921 new homes were transacted last month.
A version of this article appeared in the print edition of The Straits Times on August 15, 2016, with the headline 'Sales of New Private Homes More Than Double In July at 1,091 units'.
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