18 Apr '17, 8am

Private home sales soared 81.8% in March | Property Market | PropertyGuru.com.sg

New private homes saw stronger sales since Total Debt Servicing Ratio was introduced. Developers saw new private home sales soar 81.8 percent to 1,780 units in March from 979 units in February. On an annual basis, private home sales surged 111.2 percent from the 843 units sold over the same period last year. JLL noted that the figure is also the highest since June 2013, when sales were still buoyant just before the imposition of the Total Debt Servicing Ratio (TDSR) at the end of June that year. “This is the most significant month since June 2013 with primary market sales of private homes harking back to pre-TDSR levels. Not only are new launches doing well, but previously launched projects as well, since half of the March private home sales are attributable to such projects,” said JLL national director of research & consultancy Ong Teck Hui. Grandeur Park Residences emerg...

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

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