18/04/2018
As seen from The Straits Times, 17 April 2018
New private home sales up 86.5% from Feb
URA latest Private New Homes figures released yesterday depicted a total of 716 private new homes (excluding ECs) transacted in the month of March 2018. This is an 86.5% increase from the total units sold (384 units) in February 2018.
Mr Ismail Gafoor, CEO of PropNex Realty remarked, “After the slower months of January and February due to festive periods, the performance in March illustrates how the momentum of the property market has since picked up, with strong demand and increased confidence from buyers. Many are making their moves and picking up balance units from existing projects and new launches in anticipation of the further property price increase in 2018.”
Mr Ismail Gafoor, highlighted, “Looking forward, the launches for Rivercove Residences EC, The Verandah Residences and Park Place Residences plus the sales of balance unsold units of existing developments will contribute to more than 1,000 units sold in the month of April 2018.”
Nearly 80% or 499 units of the 628 units in Rivercove Residences EC have been sold at average price of $965 psf.
He added, “The second quarter of 2018 will definitely see a better performance as buyers’ confidence in the property market continues and developers lining up more launches within that period.”
For more, read our PropNex press release here: https://www.propnex.com/pressrelease/338