New private home sales up 86.5% last month from Feb

Potential buyers at the launch of Grandeur Park Residences. It was the second top-selling project last month, with 40 units sold. Crowds at The Tapestry's showroom last month. City Developments moved 329 units at the Tampines project last month at a
Crowds at The Tapestry's showroom last month. City Developments moved 329 units at the Tampines project last month at a median price of $1,408 per sq ft, making it the top-selling project. Though it helped to boost sales of new private homes last month, figures were still nearly 60 per cent below the 1,780 new homes sold in March last year.PHOTO: CITY DEVELOPMENTS
Potential buyers at the launch of Grandeur Park Residences. It was the second top-selling project last month, with 40 units sold. Crowds at The Tapestry's showroom last month. City Developments moved 329 units at the Tampines project last month at a
Potential buyers at the launch of Grandeur Park Residences. It was the second top-selling project last month, with 40 units sold. ST FILE PHOTO

But March sales figures still some 60% below that of last year's

The launch of The Tapestry condominium in Tampines helped boost sales of new private homes last month but the monthly numbers were still well short of last year's.

Developers moved only 716 units last month, up 86.5 per cent from the 384 units sold in February but nearly 60 per cent below the 1,780 new homes taken up in March last year.

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A version of this article appeared in the print edition of The Straits Times on April 17, 2018, with the headline 'New private home sales up 86.5% last month from Feb'. Print Edition | Subscribe