23 Feb '18, 1am

Developers sold 37% more new private homes in January

2018 started off well for developers as they sold 37% more new private home units last month in a year-on-year comparison. New private home sales sails off to a good start 522 new private home units were sold in January alone, up 21% from the 431 units sold last December. Developers also sold 100 executive condominium (EC) units , the figures remain unchanged from December 2017. The fall in the number of EC units sold may be due to a dwindling EC inventory. There was no EC launch in January and of date, only 296 units remained unsold. Symphony Suites. Picture: Symphony Suites One of the best-selling private housing developments was Symphony Suites in Yishun. 65 units were sold at a median of $1,085 psf. Another project that sold well was Highline Residences in Kim Tian Road. Average prices here stood at $1,962 psf. In the EC segment, Parc Life in Sembawang Crescent sold 25...

Full article: https://www.iproperty.com.sg/news/developers-sold-37-more...

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