New private home sales in Singapore down 12.6% in April: URA

DEVELOPERS in Singapore sold 1,555 private homes in April 2017, 12.6 per cent lower than the 1,780 private homes sold in March, but 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, meaning that 371 EC units were sold in the month.

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 Alexandra View which sold 126 units (this was developed by a Far East Consortium and New World Development); EL Development's Parc Riviera at West Coast Vale which sold 90 units; and City Developments' Commonwealth Towers which sold 85 units.

In the EC category, MCL Land's Sol Acres at Choa Chu Kang sold 122 units at a median price of S$787 per square foot in April.