Tuesday, November 16, 2010

Fresh off the news: Private property sales rebound in October

Sales of private home units rebounded in October, climbing above the 1,000 units level yet again.

According to CNA, data released on Monday by the Urban Redevelopment Authority (URA) showed that 1,058 private units were sold last month.

Including Executive Condominiums (EC), the total sales would have reached an even more impressive figure of 1,587.

That is higher than the 911 units sold in the previous month.

Chalking up the best sales was Esparina Residences, a EC project at Buangkok Drive, which sold 425 units. Another EC project, The Canopy at Yishun, also sold 104 units.

Despite the higher sales in October, prices for high-end projects are still some 5% off its previous 2007 peak. Conversely, prices for mass-market projects have overshot the previous peak by 10%.

Sales fell in September after the government imposed property cooling measures that took effect from August 30.



Post a Comment