Home buyers returned a total of 150 private homes to property developers last month, according to Square Foot Research.
The units were bought in April and accounted for 5.7 percent of the more than 2,600 non-landed homes, including executive condominiums (ECs) sold during the month.
Most of the units returned came from projects like The Tampines Trilliant, Sky Habitat and Hillsta. This happens to be the highest figure in the last five years.
While experts feel that the absolute number of units returned is high, in percentage terms it is still in line with last year’s figures.
The spike could be attributed to robust home sales in April, which saw buyers acquiring the highest number of homes in nearly three years.
Source : PropertyGuru – 2012 Jun 20