February private homes sales up 29%!

By The Folks @PropTalk - March 15, 2012 2 Comments
Demand for new private homes in Singapore continued to increase in February, after rising sharply in January.

The Urban Redevelopment Authority said excluding executive condominiums, 2,413 new private homes were sold in February, up by about 29% from the previous month.

In January, 1,872 new units changed hands, almost three times more than December's sales.

For February, the best selling projects were mostly located in the suburban areas.

The top seller was Parc Rosewood with 380 units sold.

Guillemard Edge, which is located in the city fringe, also performed well with sales of 275 units.

Meanwhile, home buyers also snapped up executive condominium (EC) units.

257 units of ECs have been sold at Twin Waterfalls, 187 units at The Tampines Trilliant and 186 units at The Rainforest.

Including ECs, a total of 3,138 units were sold last month, up 51% compared to January.
Source: Channel News Asia


2 comments to ''February private homes sales up 29%!"

  1. What about in the secondary market? Any news?

  2. European Central Bank released a pile of cash into the banking system recently.

    Bernanke hinting at QE / print money yet again.

    Where will all these monies go? Singapore economy is open. No capital controls.

    Govt released land sales. So much supply.

    This is befuddling.