Latest Market News

Private home sales fall

Tuesday 15 June 2010

DEVELOPERS sold 1,078 units of new, private homes in May, down considerably from 2,208 units in April and 1,761 units in March.

They launched 1,134 units last month, down from 2,085 units in April, according to data released by the Urban Redevelopment Authority on Tuesday.

The top seller in May was the 1,145-unit The Minton in Hougang St 11. The new launch sold 204 units at a median price of $849 per sq ft.

Another project, The Cascadia in Bukit Timah Road, sold 72 units at a median price of $1,464 psf.

Home sales are now at a more sustainable level, experts say.

Source: The Straits Times