Private home sales up 43.5% in July, with 1,178 units sold

1,178 private condo are sold by developers in July 2019, 43.5% up from June 2019. In July, 911 units are launched by developers for sale, 36% increase from 670 units in June.

URA released the numbers which exclude EC (executive condominium) units on 15 August 2019 , based on the survey of licensed residential developers. 1,556 units are sold in July including of EC by developers, about 89.3% increase from 822 units in June.

Analysts says buyers are back to the market after the long school holidays and close deals before the Lunar Seven Month.
Analysts also expect the sales volume for August will be slower as both buyers and developers hold back due to the inauspicious Lunar Seven month. However, few developers still launches new projects like Avenue South Residences, Meyer Mansion, Parc Clematis, The Antares and Guoco Midtown.

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Parc Clematis, the only mega new launch of 2019 in mature estate Clementi, will be launching its 1468s residential units comprising one to five bedrooms condo units, terraces, corner terraces and bungalows by 17th August 2019. I

Source: https://www.straitstimes.com/business/property/private-home-sales-up-435-in-july-with-1178-units-sold

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