16 May '11, 8am

Private property sales up 29% in April

Private property sales up 29% in April

The honour of the most expensive private property sold in April goes to The Orchard Residences at Orchard Boulevard. -- ST PHOTO: ARTHUR LEE CH STRONG interest in mass market homes have continued defying gravity, sending new private home sales for April rocketing 29 per cent to a five-month high of 1,788 units. These robust figures - in the light of four rounds of cooling measures, most recently in January - have surpassed market expectations, with experts saying that prices will likely rise in tandem, although at a more moderate pace. Including sales of executive condos (ECs), the figure jumps further to 1,901 units. March's figures were significantly lower at 1,543 units, including ECs. Experts say that last month's numbers were mainly launch driven, with two large suburban projects - Eight Courtyards in Yishun and Hedges Park condo in Flora Drive - making up 32 per cent...

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

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Private home sales up 29% in April

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