Singapore's New Private Home Sales to Grow 9% In Oct.
Sales of new private homes in Singapore rose nearly 9 per cent in October, rebounding from two months of decline. Excluding executive condominiums, developers sold 909 private homes last month, up from 834 in September, according to data released by the Urban Redevelopment Authority (URA). Sales also increased by almost 39 per cent compared to October 2020, which saw 654 private homes sold. Developers launched a total of 661 units in October, fewer than the month before. No new executive condominium projects were launched. Including executive condominiums, sales of all new private homes fell 19.4 per cent month on month, from 1,296 to 1,045. A majority of the homes sold were in the Outside Central Region, where 347 transactions took place. Another 281 homes each were sold in the Core Central Region and Rest of Central Region. Buying momentum was boosted by the near-sell out of Jervois Mansion on its opening weekend, said Huttons' senior director Lee Sze Teck. Parc Greenwich, Normanton Park, Dairy Farm Residences, The Jovell, The Florence Residences and Parc Clematis rounded out the other best-selling projects in October. Market sentiment continues to stay buoyant with demand outstripping supply across all markets, said OrangeTee & Tie's Ms Sun. Analysts expect the private residential market to end the year on a high of 12,000 to 13,000 sales.
Tags : INTERNATIONAL Singapore Transactions Urban Redevelopment Authority Condominiums Private Homes Best-Selling Projects