New private homes sales up 5.4% in May!

By The Folks @PropTalk - June 17, 2013 8 Comments

Sales of new private homes, excluding executive condominiums, climbed 5.4% to 1,455 units in May.

This is compared to 1,380 new homes sold in April 2013, according to figures released by the Urban Redevelopment Authority (URA).

The number of new private homes sold in the city fringes jumped by about 27% from 473 units in April to 602 units in May.

This was mostly due to new project launches in the area.

However, sales of new private homes in the city area dropped to 125 units in May, compared to 178 units in the previous month.

Meanwhile, new private home sales in the suburbs contributed to slightly under half of the sales volume in May.

The take-up rate for new homes remained stable at 728 units in May compared to April's 729 units.

Source: Channel News Asia

8 comments to ''New private homes sales up 5.4% in May!"

  1. private condo sales will have a big impact in Jul'13 due to new loan curbs...followed by rise in interest rates in Aug'13.Game over...going to Buyer's market...

  2. Up some more in JUNE 2013!!!!!

  3. Buyers wait for 3 to 6 months...for cheaper private home prices...

  4. Buyers don't rush...wait for 2 to 3 months...real colour will come out soon...

  5. Agree...Big Dip in July priv. sales...Game over!!!

  6. Must wait 4 to 5 years eg 1996 to 2001

  7. 60% drop in condo sales in July...Total sales in June'13 is around 1800...but in July is 700. Not only sales but also rental drops..

    Link below:

  8. Home prices may slip 5% from now until 2014, says billionaire Kwek