Developers sell close to 1,200 homes in May

Business Times reports that developers sold an estimated 1,200 private home units in May, according to market watchers. This is comparable to the 1,207 units they sold in April, based on official Urban Redevelopment Authority (URA) numbers.

Frasers Centrepoint sold a total 294 units in May - comprising:
- 186 units at Martin Place Residences at Kim Yam Road,
- 46 at Caspian in the Jurong Lake District,
- 22 units at Woodsville 28,
- and 40 homes at Waterfront Waves.

Frasers Centrepoint is developing Waterfront Waves, near Bedok Reservoir, jointly with Far East Organization. The latter sold a total of 165 units (inclusive of Waterfront Waves) last month.

City Developments reported total sales of 138 units (of which 97 units came from The Arte at Thomson and 36 units from Livia in Pasir Ris) in May.

CapitaLand also achieved brisk sales for The Wharf Residence at Tong Watt Road.

EL Development also found buyers for a total of 74 units last month (comprising Parc Centennial at Kampong Java Road and Rosewood Suites in Woodlands).

Soilbuild is understood to have sold close to :
- 90 units at The Mezzo in the Balestier location.
- 30 units were seen for Kovan Residences and
- 21 units at BelleRive in Bukit Timah.

According to official government numbers, developers sold:
- 1,332 private homes in February,
- 1,220 units in March and
- 1,207 units in April,
- 1,200 units in May (estimate).


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