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Successful launches lead to jump in developer sales in March

Friday, April 15, 2016 - 13:29

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Successful launches of several condominium projects in March lent boost to new home sales done by developers in Singapore.

SUCCESSFUL launches of several condominium projects in March lent boost to new home sales done by developers in Singapore.

This was according to Urban Redevelopment Authority data released on Friday.

In all, developers sold 843 private homes in March, more than double the 303 units sold in the traditionally lull month of February.

Some 682 units were launched, more than three times the number of units launched in February.

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These figures exclude executive condominiums (ECs), which are a public-private housing hybrid.

Inclusive of ECs, developers sold 1,328 units in March, more than thrice what was sold in February. Some 1,216 units including ECs were launched, compared to just 209 in the preceding month.

Some of the best-selling projects were Sim Lian's Wandervale EC (launched 534 units, sold 292); Northern Resi's The Wisteria (launched 216 units, sold 125); and CapitaLand's Cairnhill Nine (launched 200 units, sold 177).

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