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Competitively-priced units boost April's new private home sales

Published on May 15, 2014 2:16 PM
Buyers at the 695-unit Lakeville condominium showflat. -- ST PHOTO: NG SOR LUAN

More buyers snapped up new private homes last month, as developers priced their units competitively to cope with the softening market.

Developers sold 745 new units last month, up 55.2 per cent from 480 in March, according to Urban Redevelopment Authority (URA) figures released on Thursday.

This exceeded the 586 new homes being launched for sale in April, which was also a slight increase from the 724 units that were launched in March.

The top seller was MCL Land's 696-unit Lakeville in the Jurong Lake District, which moved 210 units in March at a median price of $1,318 per sq ft (psf).

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