Tag Archives: Singapore Property Market

Sales of private homes reach new highs in July

Posted on 17 Aug 2009 | Comments Off on Sales of private homes reach new highs in July

Sales of uncompleted private homes reached a new high last month.

The number of units sold surged more than 50 per cent from June, as improving market sentiments spurred more home buyers to snap up properties.

A total of 2,767 units were sold in July, up from 1,825 in June.

The developments that sold the most units last month were The Gale, Meadows@ Peirce, Waterfront Key, Sophia Residences and Parc Imperial.

These five projects made up nearly 40 per cent of total sales.

The median price for these projects ranged between S$696 and S$1591 per square foot. Continue reading →

Comments Off on Sales of private homes reach new highs in July

Posted in New Launches, Property Market / Real Estate

Tagged , , ,

S’pore July private home sales soar to record high

Posted on 17 Aug 2009 | Comments Off on S’pore July private home sales soar to record high

Private home sales in Singapore soared to a record high for the second straight month in July, indicating increased confidence and speculation in the city-state’s property market, government data showed on Monday.

The Urban Redevelopment Authority (URA) website showed developers sold 2,767 private homes in July, smashing the previous monthly record of 1,825 units that was set in June.

Mohamed Ismail, CEO of PropNex, a real estate broker, noted that over 40 per cent of sales involved mid- to higher-tier homes costing above S$1,000 ($692) per square foot, indicating the boom was no longer restricted to cheaper apartments.

The higher selling prices were also ‘a result of developers reacting to consumers’ demand and raising the prices’, he added.

The URA data showed that City Developments, Fraser & Neave’s property arm Frasers Centrepoint and banker Wee Cho Yaw’s UOL Group were Continue reading →

Comments Off on S’pore July private home sales soar to record high

Posted in Property Market / Real Estate

Tagged ,