Sales of private homes by developers in Singapore fell 15.2 per cent in May from a year earlier, according to data released by URA on Mon. Developers sold 952 units last month compared to the 1,122 units sold during the same period the previous year. No new ECs were sold or launched last month. On a month-on-month basis, sales of new private homes jumped 29.5 per cent from the 735 units moved in Apr on the back of several new project launches. A total of 1,394 units were launched in May, up from the 444 units launched in April. The top selling projects in May were Amber Park (155 units sold at a median of S$2,475 psf), Parc Komo (79 units sold at a median of S$1,497 psf) and The Woodleigh Residences (74 units sold at a median of S$1,823 psf). “New private home sales rebounded strongly as more projects were launched prior to the June holidays,” said OrangeTee’s head of research and consultancy Christine Sun. She also noted that almost 30 per cent of new home sales in May, or 273 units, were transacted above S$2,000 psf.... Continue Reading