New Private Home Sales Hit A High In Sept

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Source: https://www.straitstimes.com/business/property/new-private-home-sales-hit-a-high-in-sept

 

1270 new homes were sold in September. This is the highest number of private new homes sold in the month of September, in seven years. This is also 13 percent more new private homes sales, compared to August.

Nearly 60 percent of the units sold are located in the city fringe, with new launch Avenue South Residence capturing more than 28 percent share.

Collectively, 3,572 units of private home were sold in the third quarter. This is 19 percent more new private home sales compared to the third quarter of last year. It is also the highest quarterly sales since the second quarter of 2013.

Based on the increases observed in the second and third quarters, analysts expect prices to be stable with limited downside.

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