Private home sales jump 42% in July

By Romesh Navaratnarajah:

Prior to the upcoming Ghost Month, which is a traditionally quiet period in Singapore’s property market, private home sales have risen according to URA’s (Urban Redevelopment Authority) data for July.

1,943 new homes were sold last month, a 42 percent jump month-on-month (m/m) from the 1,371 seen in June.

Including executive condominiums (ECs), the sales volume climbed 20 percent m/m to reach 2,067 units.

Compared to the same period last year, July’s sales volume was up slightly by five percent.

The most popular project was Parc Centros in Punggol. 492 units were sold out of the 524 launched in July at a median price of S$924 psf.

Other projects that led the pack included Parc Olympia and V On Shenton which sold 204 and 144 units respectively.

 

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