[SINGAPORE] Developers sold 1,548 private homes, excluding executive condominiums (ECs), in April, up 129 per cent year on year and reaching the highest monthly level in six months.
April sales were up 19.1 per cent from the 1,300 units sold in March, data released by the Urban Redevelopment Authority on Friday (May 15) showed.
Leonard Tay, head of research at Knight Frank Singapore, said that primary sales activity in the private residential market “continues to chug along unflinchingly, as Singapore residents continue to throng showflats for new homes”.
He noted that this comes “notwithstanding the global uncertainty due to the ongoing unresolved tensions in the Middle East, and the wide-ranging spillover impact of volatile energy prices affecting many different industries”.
The Outside Central Region (OCR) led in condo and private apartment sales, accounting for 87.7 per cent of sales in April.
The strong showing was driven by firm take-up at the launches of Tengah Garden Residences and Vela Bay.