Developers' sales fall to 657 private homes in Sept from 1,246 units in Aug: URA

SINGAPORE developers sold 657 private homes in September 2017 - down from 1,246 units in August 2017, on the back of a pullback in new launches amid the Hungry Ghosts Festival. However, the September 2017 figure is higher than the 509 units developers moved in September 2016.

The preliminary third-quarter 2017 figure stands at 3,015 private homes, down slightly from 3077 units in Q2 2017 but higher than the 1,981 units in Q3 2016.

The above figures, released by the Urban Redevelopment Authority (URA) on Monday based on its surveys of licensed housing developers, exclude executive condos or ECs, which are a public-private housing hybrid.

URA's latest numbers also show that developers moved 249 EC units last month, lower than the 341 units in August 2017 and 260 units in September 2016.

Developers' preliminary EC sales tally for Q3 2017 is 1,570 units, an improvement from the 954 units in Q2 2017 and the 1,398 units in Q3 2016.

Last month, Kingsford Property Development sold 45 units at Kingsford Waterbay in Upper Serangoon View at a median price of S$1,289 per square foot (psf).

In the EC segment, the developer of Parc Life in Sembawang Crescent found buyers for 48 units last month; the median price was S$795 psf.