18 Feb '14, 6am

New home sales pick up after Dec's 5-year low, Singapore Property News, Singapore Property...

New home sales pick up after Dec's 5-year low, Singapore Property News, Singapore Property...

Sell-out success of The Hillford helped boost sales in Jan, say experts NEW home sales picked up last month from the five-year low recorded in December after developers launched more units in the lead-up to the Chinese New Year. The sell-out success of The Hillford, which is aimed at retirees, also helped to lift buying interest, property experts said. Home seekers bought 565 new homes last month - well up on the 259 sales registered in December, according to Urban Redevelopment Authority (URA) data. This excludes sales at executive condominiums. Three new projects that launched last month - The Hillford, The Panorama and Floraview - kicked off buying action, said ERA Realty key executive officer Eugene Lim. URA figures show that developers launched 549 units last month compared with 118 in December. The sales increase last month was led by transactions in the city fringe,...

Full article: http://www.stproperty.sg/articles-property/singapore-prop...

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