May’s private home sales up 17% month on month: URA
Jun 15, 2023
DEVELOPERS in Singapore sold 1,038 private homes in May, 17 per cent higher than April’s take-up, but fewer than the 1,355 units they moved in the corresponding month a year earlier.
The figures, which exclude executive condominium (EC) units, were released by the Urban Redevelopment Authority (URA) on Thursday (Jun 15), based on its survey of licensed housing developers.
This came as 1,595 private homes were launched in May – nearly double that of April’s 798 units, and nearly 30 per cent more than the 1,240 units released in May the year before.
Of the private homes launched last month, the bulk were in the city fringe or Rest of Central Region, with 1,493 units released; the remaining 102 units were in the prime Core Central Region. None were launched in the suburbs or Outside Central Region.
Including ECs, which are a public-private housing hybrid, developers sold 1,055 units last month, up 16.1 per cent from the 909 units in April and 23.3 per cent lower than the 1,375 units in May last year.
https://www.businesstimes.com.sg/pro...onth-month-ura