Condominiums in the suburbs made up the bulk of the sales, with 238 units moved. This was followed by 110 home sales in the city fringes and 33 in the core central regions.
Demand for new private homes seems to be on an upswing with sales surging last month.
builders offered 381 units ultimate month, 17.6 percent more than the 324 units moved in the identical month last year. It is also 3.8 percent higher than the 367 units sold in December last year.
Analysts had been carefully positive after the figures have been released by the Urban Redevelopment Authority (URA) the day gone by.
Mr Desmond Sim, head of CBRE research for Singapore and South-east Asia, stated: “We anticipate call for for brand spanking new houses to stay steady, soaring within the place of 7,000 units for the whole of 2017. The market is closely watching interest rate movements, which might sway decision making.”
Condominiums in the suburbs made up the majority of the sales, with 238 units moved. This changed into observed by means of a hundred and 110 home sales within the central region and 33 in the core central regions.
The top selling residential projects were Parc Riviera, in which 38 units have been shifted at a mean price of $1,270 in line with squarefeet (psf), and The Trilinq, wherein 25 units were transacted at an average price of $1,399 psf.
R’ST studies director Ong Kah Seng mentioned that 184 executive apartment (EC) units were sold last month, despite the fact that no new EC was launched. He said EC sales progressed closing year, with an predicted 4,069 units sold as compared with just 2,613 in 2015.
whilst JLL’s national director of research Ong Teck Hui become constructive about income this year – he estimates 8,000 to 8,800 units could be moved compared with last year’s 7,952 – others were more pessimistic.
Experts usually expect quiet sales in January due to Chinese New Year, with launches lined up for the period after the holiday.
Clement Canopy was launched last Saturday, while Grandeur Park Residences, Park Place Residences and Seaside Residences will be launched in the coming weeks.
The URA figures exclude ECs. With those factored in, developers sold 565 units last month, 17.7 per cent higher than the 480 moved in January last year.
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