New homes sold by developers more than double from June

DEVELOPERS launched 624 private homes (excluding executive condominiums) in July and sold 1,091 units, based on figures from the Urban Redevelopment Authority (URA) released on Monday.

The launch volume was more than twice June's 234 units, while the sales volume also doubled from June's 536 units.

Some 464 units sold (out of 500 launched) at MCL Land's Jurong West condominium Lake Grande in July propped up the sale figures in July.

Including ECs, a private-public housing hybrid form, some 1,486 units were launched, and 1,921 sold.

The launch volume was more than six times June's 234 units launched, and the sales volume was more than twice June's 768 units sold.

The top-selling EC in July was Sim Lian Group's Treasure Crest at Anchorvale Crescent, which moved 398 units.