Property news summary: 16th to 31st Oct 2011

1) Property Market Activities

New private home sales hit high for year (ST, 18 October 11)
New private home sales rocketed to 1,621 units in September, 21% more than that in August. Suburban homes continue to drive market activity. In particular, Sim Lian’s A Treasure Trove, located near Punggol MRTstation, sold 683 units in September at an average price of $915 psf. Other mass market projects such as EuHabitat and the Boathouse Residences also saw healthy sale figures.