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Business Times Excerpt: Developers Sold 821 Private Homes In June, 26% Higher On Year, Down 14% From May: URA Data

Sales volume of private homes by Singapore developers hit 821 units in June. The figures are 26% higher than the 654 units sold in June the previous year. Compared to the 952 units sold in May, the volume in June has declined by 14%.

A total of 670 private homes were launched in June. Its a smaller figure compared to the 1,394 units launched in May and 726 units in June 2018.

Only 4 projects were launched in June 2019 – Lattice One, Seraya Residences, Sloane Residences and Sky Everton. In May, 9 projects were launched for sale.

Sky Everton was June’s top selling project. It sold 134 units at the median price of $2,523 per square foot.

The next highest selling project was Treasure at Tampines, which moved 70 units at 1,320 psf median price. In third place was Parc Botannia which moved 60 units at median $1,296 psf.

Industry watchers say several developers are aiming to expedite their new projects before the lunar seventh month which is seasonally a dismal period for sales. Some of the upcoming launches includes Parc Clematis, a 1,468-unit development at Clementi town area.

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