Sales of Singapore’s New Private Homes + 49.3% in September
Sales of Singapore’s new private homes increased 49.3% in September Y-Y, according to data released by Urban Redevelopment Authority (URA) Monday.
Compared with the prior month, URA said sales of private homes increased 8.8% in September.
Excluding executive condominiums (ECs), property developers sold 509 units last month, surpassing the 341 units sold in the same period last year and the 468 units sold in August. Including ECs, 769 new private homes were sold in September, compared to 799 in August.
According to URA’s data, a total of 479 units, excluding ECs, were launched for sale in September, which was lower than August’s 590 units.
Private homes are those developed by private developers. About 80% of the resident households in Singapore live in public housing units built and sold by the government. The private homes are typically more expensive than public housing units.