Monday, April 17, 2017
Developers in Singapore sold 1,780 private homes in March 2017, up almost 82 percent from the 979 units they moved in the earlier month and furthermore 111 percent more than the 843 units they sold in March 2016.
The March 2017 figure is the most astounding since June 2013, when developers sold 1,806 private homes.
The above figures do not include executive condominium (ECs).
Counting ECs, which are a public-private housing hybrid, developers discovered purchasers for 2,358 units in March 2017, again higher than the 1,308 units in February 2017 and the 1,328 units in March 2016.
The above figures were released by Urban Redevelopment Authority on Monday in light of data examined from authorised housing developers.
At the Grandeur Park Residences project in Tanah Merah, Chip Eng Seng sold 484 units a month ago at a median price of S$1,406 per square foot. Park Place Residences at PLQ, a joint venture between Lendlease and Abu Dhabi Investment Authority, sold 217 units at a S$1,805 psf median price a month ago.
In the EC category, Qingjian Realty sold 187 units at iNz Residence in Choa Chu Kang at a median price of S$774 psf in March.
Upcoming launches, Seaside Residences by Fraser Centrepoint joint venture with Sekisui House Ltd and KH Capital Pte Ltd, are expected to launch in coming Saturday on 22nd April.
Seaside Residences is strategically located in the heart of East Coast, comprises a healthy residential mix of 1 bedroom to 5 bedroom penthouse, total 843 units and 2 shop units, which can be access by both residents and public.
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