New private home sales rebound in April

ALL content used in this not-for-profit blog remain the property of their respective owners.
http://www.channelnewsasia.com/news/singapore/new-private-home-sales/1107716.html

Sales of new private homes rebounded last month, helped by realistically-priced units.

According to the Urban Redevelopment Authority, 745 new units -- excluding executive condominiums -- were sold in April, the highest number registered in a single month this year.

This is 55.2 per cent more compared to the previous month, and a slight increase from February's figures (739 units).

The top performer in April is the newly-launched Lakeville condominium in Jurong West.

The 696-unit Lakeville sold more than 90 per cent of its 230 homes launched in the first phase.

And the reason for better sales, property watchers say, is competitive prices.

The Sky Habitat in Bishan sold 130 units last month at a median price of S$1,377 per square foot (psf).

That is about 13 per cent lower than the median price of S$1,583 psf when it first launched in April 2012.

Analysts expect sales to improve in the next few months on the back of more new launches, with transaction volume possibly crossing 1,000 units in May.

The Commonwealth Towers was launched earlier this month, while two other projects - Coco Palms and Waterfront@Faber - will be launched this weekend.