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Sales of New Launch Private Homes Doubled in May 2014

Posted by SG Property Source on Tuesday, 17 June 2014 in Property News

Sales of New Launch Private Homes Doubled in May 2014

Sales of new launch private homes almost doubled from April to May 2014 with 1470 units sold according to the URA. If ECs are included, the total units sold last month would be 1528 units compared to 797 in April 2014. This has been attributed to the larger number of new homes launched in May - 1790 which is greater than 3X the number launched in April (600 units).

Sales in the Core Central Region was 2%, Rest of Central Region (RCR) 34% and Outside Central Region (OCR) 64%. Three developments - Coco Palms, Commonwealth Towers and The Panorama made up 65.6% of sales. Two points may be noted for these properties - lower psfs and location. Last month Sky Habitat and Laveville were the top sellers.

In June, several factors may lead to lower sales - school holidays and World Cup Fever and although developers may launch ahead of the lunar 7th month period in August.

Month	No of Units	Comments
Dec 2013	259	15k homes sold in 2013
Jan 2014	565	2028 in Jan 2013
Feb 2014	739
Mar 2014	480
Apr 2014	745	Lake ville Condo (207), Sky Habitat (130, 1377psf avg)
May 2014	1470	Coco Palms (OCR, 590, $1018psf), Commonwealth Towers (RCR, 275 units, $1626 and Panaroma (OCR, 100 units, $1241 psf, relaunch)

* Year to date sales 3963 units, Jan to May 2014.

SG Property Source ( View Google Profile )

I am a professional real estate or property agent with the Huttons Realestate Group in Singapore. Huttons markets a great number of properties in Singapore including new condo launches and commercial properties as well as mixed developments.

I am a member of the Huttons sales team which means I can provide you with direct information on those properties. Contact me for invitations to VVIP previews during which you can get first hand information, a better choice of units and discounted prices before the official launch.