April new home sales more than double year-ago showing: URA

Singapore

THE turnaround in the residential market continues in the new home segment, with developers in Singapore selling 1,555 private homes last month.

Although this was 12.6 per cent lower than the four-year high of 1,780 private homes sold in March, it was more than double the 750 units sold in April 2016.

The above figures exclude executive condominiums (ECs). Including ECs, which are a public-private housing hybrid, developers found buyers for 1,926 units in April, an 18.3 per cent month-on-month drop.

The above figures were released by the Urban Redevelopment Authority (URA) on Monday based on information collated from licensed housing developers.

Among the best sold projects in April were Frasers Centrepoint's Seaside Residences at Siglap which sold 419 units in April; Artra at Redhill (jointly developed by a Far East consortium and New World Development) which sold 126 units; EL Development's Parc Riviera at West Coast Vale which sold 90 units; and Commonwealth Towers (developed by City Developm…