Sengkang launches boost new home sales in February

Potential buyers at Rivertrees Residences showflat, a waterfront condominium project in Sengkang. New private home sales rose 28 per cent in February, largely driven by two new launches in Sengkang that month. -- FILE PHOTO: RIVERTREES
Potential buyers at Rivertrees Residences showflat, a waterfront condominium project in Sengkang. New private home sales rose 28 per cent in February, largely driven by two new launches in Sengkang that month. -- FILE PHOTO: RIVERTREES

New private home sales rose 28 per cent in February, largely driven by two new launches in Sengkang that month.

Developers sold 724 private homes excluding executive condominiums (ECs) in February, according to Urban Redevelopment Authority data released on Monday.

Most of that was in the suburban region, which accounted for 81 per cent. The city fringe made up 12 per cent and the city centre 7 per cent.

The top seller was the 495-unit Rivertrees Residences at Fernvale Close, which moved 218 units at a median price of $1,111 per sq ft (psf).

It was followed closely by the 555-unit Riverbank @ Fernvale next door, where 211 units were sold at a median $1,033 psf.

Rivertrees Residences launched for sale a week after Riverbank.

The 75-unit Hallmark Residences at Ewe Boon Road came a distant third with 26 units sold at a median price of $1,860 psf.

Including ECs, developers sold a total of 769 homes in February.

There were 671 private homes and no ECs launched for sale that month.

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