The Business Times

Private home sales set to rebound in Nov

Sales of 1,400-1,500 units seen this month, up sharply from October's 1,009

Kalpana Rashiwala
Published Fri, Nov 15, 2013 · 10:00 PM
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DEVELOPERS' sales of private homes are poised to rebound this month - buoyed by brisk sales of Duo Residences in the Bugis area, for example - after slipping 19 per cent in October to 1,009 units from 1,246 units in September. October's figure was about half of the 1,949 units a year earlier.

Savills Singapore research head Alan Cheong expects easily between 1,400 and 1,500 unit sales this month. As at 3pm yesterday, 468 units had been sold out of 540 units released at the 660-unit Duo Residences, at an average price of about $2,000 per square foot (psf), its developer, M+S, said in a statement. Word on the street was that sales had touched 565 units by 7pm.

Earlier this week, Singapore Land moved 150 units at Alex Residences. Later this month, GuocoLand is expected to release Clermont Residence in Tanjong Pagar, at a price said to be above $3,000 psf. All three proje…

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