Private home sales stay firm
http://www.straitstimes.com/Breaking...ry_363905.html
April 15, 2009
Private home sales stay firm
By Joyce Teo
Sales of private homes are holding up.
Property developers sold 1,220 units of new private homes in March, compared with 1,332 units in February and 108 units in January.
February sales - boosted mainly by the strong response to two new launches Alexis and Caspian - were the highest since August 2007.
Figures released by the Urban Redevelopment Authority on Wednesday showed that 832 new housing units were launched in March, compared with 1,072 units in February and 204 units in January.
The best-selling project in March was the 646-unit Double Bay Residences in Simei.
Developer UOL Group and Kheng Leong launched 320 units and sold 264 of them at a median selling price of $659 per square foot, or from just $409 psf to $898 psf.