Singapore developers sell 952 private homes in May, up 29.5% from April's 735 units: URA

DEVELOPERS in Singapore sold 952 private homes in May 2019, up 29.5 per cent from the 735 units they moved in April 2019, but 15.2 per cent lower than the 1,122 units they sold in May last year.

This came as 1,394 private homes were launched last month, up from 444 units in April as well as the 1,060 units in May last year.

The figures - which exclude executive condominium (EC) units - were released by the Urban Redevelopment Authority on Monday based on its survey of licensed housing developers.

No EC units were launched or sold last month.

ECs are a public-private housing hybrid.

Last month's top-selling project was City Developments and Hong Realty's Amber Park along Amber Gardens, with 155 units sold at a median price of S$2,475 psf.

This was followed by Chip Eng Seng's Parc Komo project in Upper Changi Road North, with 79 units sold at a median price of S$1,497 psf.

Kajima Development and Singapore Press Holdings moved 74 units at The Woodleigh Residences along Bidadari Park Drive at S$1,823 psf median price.

At The Florence Residences along Hougang Avenue 2, a total of 55 units were sold at S$1,470 psf median price, while at Treasure at Tampines in Tampines Lane, 50 units were sold at S$1,340 psf median price.