Sumary of Singapore’s new private home sales fall 23.6% in August after hitting six-month high:
- SINGAPORE: Sales of new private homes in Singapore fell 23.6 per cent in August after hitting a six-month high in the previous month.
- They also noted that fewer units were launched in August, with 836 units up for sale.
- Despite a dip in sales, the volume transacted in August is considered “relatively healthy”, said PropNex Realty.
- DEMAND FOR SUBURBAN HOMES Suburban developments attracted the most buyers in August, with developers selling 720 units in the Outside Central Region (OCR), followed by the Rest of Central Region (RCR) with 343 units and the Core Central Region (CCR) with 152 units.
- PropNex CEO Ismail Gafoor noted that the figures show “some residual pent-up demand for suburban homes from HDB upgraders, which will continue to sustain the market till the end of the year”.
- The Watergardens At Canberra, one of two projects launched in August, accounted for about 22 per cent of new home sales in August, with 267 units sold out of 300 units launched, said Mr Gafoor.