Tag Archives: Optima@Tanah Merah

Pace of new home sales eases in Aug

Figure dips to 1,699 from July’s 2,772 but it’s still robust – it was 325 in Aug 2008

Interest in homes remains high with buyers picking up 203 units at the 235-unit Viva in Suffolk Walk last month. — ST FILE PHOTO

THE buying rush that galvanised home sales in July eased off last month, with 1,699 units of new private homes changing hands.

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That is still a robust number – only 325 units were sold in August last year – but well under the record 2,772 shifted at breakneck pace in July.

The slower pace of sales was possibly due to the onset of the Hungry Ghost Month, which prompted some developers to lie low as superstitious buyers stayed away. Continue reading