New private home sales in Singapore drop in March
Published on Apr 15, 2014 12:49 PM
SINGAPORE - Sales of new private homes tumbled last month as buyers stayed on the sidelines amidst a softening market.
Developers sold 480 new units last month, 35 per cent down from 739 in February, according to Urban Redevelopment Authority figures released on Tuesday.
This was despite 724 new homes being launched for sale in March, an increase from 691 in February.
The top seller was 597-unit The Santorini in Tampines, which sold just 76 units in March at a median price of $1,108 per sq ft (psf).
To continue reading, log in if you are a subscriber
If you are not a subscriber, you can get instant, unlimited access here