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.

Research Flash: Primary home sales in May 2011 decreased by 12%

Published 15 June 2011
OrangeTee Research & Consultancy

Primary home sales – May sales update of uncompleted private properties

Sales volume climbed to 1,575 units in May
Developers sold a total of 1,575 private residential units in May according to the latest URA data. This is a 12% m-o-m decrease in volume compared with the 1,788 units sold in April. The fall in sales volume was due to lesser major launches in the month as compared to the previous month. Projects in the Outside of Central Region continues to dominate sales in the month at 60%. Islandwide median prices fell 0.7% m-o-m, compared to a previous increase of 2.2% m-o-m. Median prices in the Outside of Central Region saw the greatest increase of 5.0% m-o-m.