September new home sales hit 987 units, more than double August’s 438 units

by Albert02

September new home sales hit 987 units, more than double August’s 438 units

September new home sales hit 987 units, more than double August’s 438 units. Due to two big launches that set new price standards for suburban housing, the number of new private dwellings sold in September more than doubled from the previous month. According to numbers released by the Urban Redevelopment Authority (URA) on Monday, developers in Singapore sold a total of 987 units, excluding executive condominiums (Oct 17). (ECs). This is a 125.3 percent rise over the 438 units sold in August and an 18.3 percent increase year on year.

992 units were sold in September, compared to 449 in August and a 23.5 percent reduction from the previous year. Meanwhile, 913 units were introduced last month, about seven times the 134 units introduced in August and 29.3% more than the number introduced in September 2021. Excluding ECs, September’s total of 913 units was also significantly higher than the 210 units launched the previous year. With 686 units sold, the suburbs or outside the core area (OCR) accounted for more than two-thirds of new private residential unit take-up (excluding ECs). The city periphery and the core central region, or the rest of the central region, sold 198 and 103 flats, respectively.

Lentor Modern and Sky [email protected], both in the suburbs, were among the month’s best-selling projects. GuocoLand’s Yio Chu Kang-based Lentor Modern put 605 apartments on the market in mid-month and sold 512. Frasers Property presented its 158-unit Sky [email protected] early in September and sold 121 units. When both projects were released, the median price per square foot was more than S$2,100 (psf). Lentor Modern and Sky [email protected] flats accounted for 83.6 percent of all units opened in September, according to real estate firm JLL.

Click the image to read the full details of report.
Source:
https://www.businesstimes.com.sg/real-estate/september-new-home-sales-hit-987-units-more-than-double-augusts-438-units


Discover Your H
ome Here

Come and Experience it Yourselves
One Pearl Bank
Book ShowFlat Appointment


Proudly Developed by : CapitaLand

You may also like

error: Content is protected !!