Sales of new private homes up 37% on-month in May

Sales of uncompleted private homes climbed 37 per cent on-month in May, here is the data:

May: 1,668
Apr: 1,214
2009 up to date: 5,526
2008 full year: 4,435
2007 full year: 14,811

Home sales in the mid-tier market picked up pace in May. The developments that sold the most units last month were Martin Place, The Wharf, The Arte and The Mezzo. These four projects, which are in the prime districts and the city fringe areas, made up more than 30 per cent of the sales. The median price for these developments ranged between S$903 and S$1,423 per square foot.

Projects that had a median price of less than S$900 per square foot made up 45.9 per cent of the total units sold. To read more at CNA.


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