Singapore new private home sales in April doubles from year earlier but eases 12.6% from March

High-rise private apartments in the Scotts Road and Cairnhill area.
High-rise private apartments in the Scotts Road and Cairnhill area.PHOTO: ST FILE

SINGAPORE - Demand for new private homes here eased in April with developers' sales falling 12.6 per cent to 1,555 units, from 1,780 in March.

This was, however, still more than double the 750 units shifted in April 2016, according to figures from the Urban Redevelopment Authority on Monday (May 15). March sales were also the highest in nearly four years.

New units in the suburban areas led April's sales with 967 transactions, followed by 558 in the city fringe and 30 in the core central region.

The best selling condo development last month was Frasers Centrepoint Singapore's new project Seaside Residences in Siglap - which sold 419 out of the 560 units launched at a median price of S$1,736 psf.

In the executive condominium (EC) segment, 371 new units was transacted in April.

MCL Land's Sol Acres EC in Choa Chu Kang was the star performer, moving 122 units at a median price of S$787 psf.

Developers launched 1,616 private homes in April, up from 1,527 in the previous month.

No new ECs were put on the market in last month, after 924 ECs were launched in March.