Just last month, Singapore property developers claimed that the industry sold as much as 759 private homes all over the country. Compared to the figures from October 2015 sales, where developers sold only 548 private housing units, the increase reached 39 percent in November. These were confirmed by the latest information released by the Urban Redevelopment Authority and recently reported by The Business Times.
If the number of sales will be compared on an annual basis, URA said that it skyrocketed by 79 percent.
One of the private homes with the most number of sales was The Poiz Residences from MCC Land. For the month of November, it sold as much as 277 units. MCC Land is selling its units for S$1,440 psf on its median price.
Second on the list with the greatest sales for the said month is CapitaLand’s Sky Vue. Located in Bishan, Sky Vue sold about 59 units last November for its median price worth S$1,522 psf. Though it was first launched last 2103, CapitaLand gave a discount of 10% to new buyers recently. However, the original price of Sky Vue during 2013 is still lower than the already discounted rate since they introduced the said development for only S$1,401 psf.
On the other hand, Principal Garden sold 45 units for its median price worth S$1,626 psf. GuocoLand also sold 39 units on Sims Urban Oasis and Thomson Impressions sold 38 units during November. The median prices for these developments are S$1,388 psf and S$1,396 respectively.
If executive condominiums will be included in the date, developers said that there were a total of 945 units sold during November. It may be a 15 percent improvement compared to the units sold last October but it’s still lower than the figures from November last year.