Monday, August 17, 2009

Pte Homes Sales Hit High

Source : The Straits Times, Aug 17, 2009

DEVELOPERS sold a whopping 2,767 units of new private homes in July. This easily beat the 1,825 units sold in June, which already surpassed the level seen at the height of the boom two years ago.

The July sales figure accounts for more than half of last year's sales of 4,264 units. -- PHOTO: THE GALE

The July sales figure accounts for more than half of last year's sales of 4,264 units.

Home hunters had plenty to choose from last month, as developers launched 2,878 units, up from 1,637 units in June, according to data from Urban Redevelopment Authority.

Top-sellers in that month include The Gale in Flora Road, Meadows @ Pierce in Tagore Avenue, Waterfront Key in Bedok Reservoir Road. All three sell for a median price of below $1,000 psf.

At the 329-unit The Gale, 294 units were picked up at a median price of $696 psf.

The 479-unit Meadows @ Pierce launched 400 units in July and sold 286 units at a median price of $919 psf.

The 437-unit Waterfront Key launched 310 units and sold 191 units at a median price of $734 psf.

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