Sales of private homes are holding up.
Property developers sold 1,220 units of new private homes in March, compared with 1,332 units in February and 108 units in January.
Caspian in Jurong sold another 56 units in March at $614 psf. -- ST PHOTO: DESMOND FOOFebruary sales - boosted mainly by the strong response to two new launches Alexis and Caspian - were the highest since August 2007.
Figures released by the Urban Redevelopment Authority on Wednesday showed that 832 new housing units were launched in March, compared with 1,072 units in February and 204 units in January.
The best-selling project in March was the 646-unit Double Bay Residences in Simei.
Developer UOL Group and Kheng Leong launched 320 units and sold 264 of them at a median selling price of $659 per square foot, or from just $409 psf to $898 psf.
Two other fresh launches in March - Mi Casa in Choa Chu Kang and The Arte in Jalan Datoh - also attracted strong interest. Mi Casa registered sales of 101 units at a median price of $617 psf while The Arte sold 90 units at a median price of $874 psf.
Caspian in Jurong sold another 56 units in March at $614 psf.
Most of the developments that saw strong interest were priced below $1,000 psf.
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