New private home sales down 45.3% in May: URA

Brisk sales were seen at Botanique and North Park Residences (above). -- ST PHOTO: KUA CHEE SIONG 
Brisk sales were seen at Botanique and North Park Residences (above). -- ST PHOTO: KUA CHEE SIONG 

SINGAPORE - SALES of new private homes were down in May, as only one new project was introduced to the market.

Developers sold 638 private homes in the month, down 45.3 per cent from April, according to figures released by the Urban Redevelopment Authority on Monday.

Just 499 private homes were launched in May, down from 1,382 units launched in April.

Westwood Residences, an executive condominium (EC) in Jurong West, was the sole new launch in the month and had the most sales at 118 units. These went for a median price of $803 per sq ft (psf).

Brisk sales were seen as well at Botanique at Bartley and North Park Residences in Yishun. Both condominium projects were launched in April.

At Botanique, 94 units were sold at median price of $1,292 psf.

At North Park Residences, 59 units were picked up at a median price of $1,397 psf.

Most of the sales were in the suburbs. The region accounted for 73.5 per cent of new sales, or 469 units.

Another 100 new sales took place in the city fringes, while 69 new units were sold in the central region.

Including executive condominiums, 845 new units were sold in the month, down 34.6 per cent from April.

wrennie@sph.com.sg