New private home sales surge as developers rush to roll out projects
Observers expect prices to remain sticky, and buyers, price-sensitive. Developers may slow pace of launches
Add BT as a preferred source
Singapore
A WAVE of new launches after the Chinese New Year lull boosted developers' sales in March, with 1,054 private homes having been sold. This was up from the 455 units moved in February and 47 per cent higher than in March last year.
Altogether, 1,812 private homes were launched in March. Of that number, 170 were in the core central region (CCR), 576 in the rest of the central region (RCR) and 1,066, outside the central region (OCR).
TRENDING NOW
Singapore is showing why cooling is the next investment asset
Nearly half of Apac’s wealthy expect market crash or correction, plan to rotate to cash: study
Shanda co-founder sells Tanglin Hill bungalow for S$76 million
Yeo’s, Tiger Beer and now Gardenia – flight of food manufacturing from Singapore might be just as planned
