Tag Archives: VIVA

Pace of new home sales eases in Aug

Posted on 16 Sep 2009 | Comments Off on 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 →

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Singapore’s August home sales down 39%

Posted on 15 Sep 2009 | Comments Off on Singapore’s August home sales down 39%

The 590-unit Trevista, in Toa Payoh Lorong 3 had the most sales, at 413 units, at a median price of $943 per sq f

DEVELOPERS sold 1,699 units of new private homes in August, down from July’s amazing all-time high of 2,772 units.

The frenetic pace slowed somewhat last month, which coincided with the start of the Hungry Ghost month, which is traditionally seen by the Chinese as an inauspicious. As such, some developers choose to lie low as superstitious buyers stay away.

Developers launched 1,641 units in August, down from 2,878 units in July, according to Urban Redevelopment Authority data released on Tuesday.

In August, three projects registered impressive sales, the data showed.

The 590-unit Trevista, in Toa Payoh Lorong 3 had the most sales, at 413 units, at a median price of $943 per sq ft.

About half of those units were snapped up in the afternoon on the first day of the preview.

At the 235-unit VIVA in Suffolk Walk, buyers picked up 203 units at a median price of $1,537 psf. Continue reading →

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