New Launches Push Sales Of Private Homes Up In June

Source : The Straits Times, July 15, 2008

SALES of private homes in June almost doubled to 801 units, from 453 units in May, according to monthly figures released by the Urban Redevelopment Authority on Tuesday.

The positive data is largely due to an increase in new launches. Last month, some 1,069 new homes were launched by developers, up significantly from 474 launched in May.

Clover by the Park, a mass market project in Bishan alone accounted for 197 units sold in June while 144 units of Dakota Residences in Dakota Road were snapped up.

However, the mood in the property market remains largely cautious.