Sept home sales soar as developers rev up launches

Avenue South Residence, launched in Sept 2019, was the month's top-selling project with 361 units sold.
Avenue South Residence, launched in Sept 2019, was the month's top-selling project with 361 units sold.PHOTO: UOL GROUP

The end of the Hungry Ghost month proved something of a starting gun for home seekers, who flooded back into the market to send September sales of new private homes through the roof.

Sales hit 1,270, up 13 per cent from August and a striking 36 per cent higher than the same month last year. It was, in fact, the best September sales performance in seven years, thanks largely to five bumper launches, especially Avenue South Residence in the city fringe, which lured buyers in their droves.

Avenue South Residence in Silat Avenue led the way with 361 units sold, a testament to the drawing power of the future Greater Southern Waterfront development announced in August.

SEE TOP OF THE NEWS: New private home sales hit a high in Sept

A version of this article appeared in the print edition of The Straits Times on October 16, 2019, with the headline 'Sept home sales soar as developers rev up launches'. Print Edition | Subscribe