Source: Channel News Asia, 15 July 2019
New private home sales in June surged to the highest in 6 years (since June 2013) with 821 units sold. Sales in June periods are usually slower due to school holidays. Moreover, this is a jump of 25.5% as compared to the same month last year based on Urban Redevelopment Authority (URA) data.
The great sales performance comes in spite of a decrease in new project launches, thus quite an impressive result no less. This clearly shows the return in confidence due to strong fundamentals, sufficient liquidity and growing affluence in the local property market, according to the experts.
The 2nd best selling private residential project Treasure at Tampines sold 70 units at average price of S$1,320 psf in the month of June.
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