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Developers clocked 60% more sales in private non-landed homes in October: URA

Monday, November 16, 2015 - 13:12
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Developers sold 546 private non-landed homes in October, which marked a 60 per cent jump from 341 in September, the latest data by the Urban Redevelopment Authority (URA) showed.

Developers in Singapore sold 546 private non-landed homes in October, which marked a 60 per cent jump from 341 in September, the latest data by the Urban Redevelopment Authority (URA) showed.

Including executive condominiums (ECs), they sold a total of 822 units in October, up 31 per cent from 629 units in September.

The October sales data submitted by developers got a shot in the arm from the launch of Principal Garden at Prince Charles Crescent by UOL Group and Kheng Leong Company and Nanshan Group's launch of Thomson Impressions at Lorong Puntong during the last weekend of the month, and the commencement of sales for CDL's EC project The Criterion in Yishun from Oct 10.

At Principal Garden, some 113 units out of the 200 units released were sold at a median price of S$1,633 per square foot (psf), while Thomson Impressions moved 80 units at a median price of S$1,399 psf.

There were 41 EC units sold at The Criterion in October at a median price of S$805 psf.

Slightly more than half of all private non-landed homes (excluding ECs) sold in October were located at the city fringe or the Rest of Central Region, where the two main private condo project launches took place.