17 Mar '17, 9am

New private home sales up 155.8% in Feb. @DesmondSim6 comments.

The Clement Canopy was the only private condo launch in February. (Photo: UOL Group) Even with only one new project launch, the number of private residential units (excluding ECs) sold by developers rose 155.8 percent to 977 units in February 2017 from 382 in the previous month, according to data from the Urban Redevelopment Authority (URA). On a yearly basis, private homes sales soared 222.4 percent from the 303 units sold in February 2016. The Clement Canopy , which was the only new launch in February, emerged as the best-selling project, with 207 units sold at a median price of $1,343 psf. It was followed by Parc Riviera and The Santorini , with 200 units and 51 units sold at median prices of $1,281 psf and $1,041 psf, respectively. Rounding up the top five best-selling projects are The Glades (30 units) and The Venue Residences (28 units). Sales of ECs also increased 7...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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