Private home sales highest since 2009

By Romesh Navaratnarajah: TOP NEWS: Excluding executive condos (ECs), private home sales in Singapore for the month of April 2012 reached 2,487 units, its highest level since July 2009 when 2,772 new homes were snapped up.

But month-on-month, overall private home sales saw a notable decline, falling 12 percent to 2,660 units from a recorded 3,032 in March. However, this is still 40 percent higher compared to the same period last year when 1,918 units were sold.

The most popular project was the 244-unit Katong Regency in Paya Lebar, which saw all of its units sold at a median price of S$1,709 psf.

The 679-unit Ripple Bay condo also saw strong sales in the month. The developer released 293 units and recorded a take-up of 174 homes that were sold at a median price of S$876 psf. Meanwhile, the 416-unit Hillsta development sold 154 units at a median price of S$1,054 psf.

Other notable projects in the month were Palm Isles (153 units sold) and Sky Habitat (131 sold).

Related Stories: Property market cools, but worries remain: Khaw

EC site in Tampines awarded for S$233.5m

Dramatic rise in property exhibition attendees

More from PropertyGuru:
Property market cools, but worries remain: Khaw
EC site in Tampines awarded for S$233.5m
Dramatic rise in property exhibition attendees