Private home sales set to rebound in Nov
Sales of 1,400-1,500 units seen this month, up sharply from October's 1,009
Singapore
DEVELOPERS' sales of private homes are poised to rebound this month - buoyed by brisk sales of Duo Residences in the Bugis area, for example - after slipping 19 per cent in October to 1,009 units from 1,246 units in September. October's figure was about half of the 1,949 units a year earlier.
Savills Singapore research head Alan Cheong expects easily between 1,400 and 1,500 unit sales this month. As at 3pm yesterday, 468 units had been sold out of 540 units released at the 660-unit Duo Residences, at an average price of about $2,000 per square foot (psf), its developer, M+S, said in a statement. Word on the street was that sales had touched 565 units by 7pm.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
New Articles
Digital Core Reit Q1 distributable income slips 2.4% to US$10.6 million
BT subscribers can now share 5 premium articles a month with unlimited number of non-subscribers
First Reit reports 3.2% lower Q1 DPU of S$0.006 amid interest rate, forex headwinds
Vietnam holds first gold auction in 11 years to stabilise market
How Hudson Yards went from ghost town to office success story
Hot stock: Nanofilm jumps 13.1% amid heavy trading on improved Q1 results