Private Home Sales Up In Sept

Source : The Straits Times, Oct 15, 2008

SINGAPORE'S property market perked up slightly in Sept.

Property developers sold 376 units of private homes, up from 325 units in Aug but down from 902 units in Jul, according to data released by the Urban Redevelopment Authority on Wednesday.

They launched even more such homes, as the number reached 767 units in Sept, up from 194 units in Aug. Half of them were unsold.

Amid the unfolding financial crisis and recession fears, sentiment remains weak in the property market as many buyers prefer to keep to the sidelines, property watchers said.

The top seller in Sept was Concourse Skyline in Beach Road. Some 68 out of 100 launched units there were sold at prices ranging from $1,272 per square foot to $1,871 psf, or at a median price of $1,592 psf.