Friday, June 15, 2012

Singapore home sales plunge 32%

BREAKING NEWS: Private home sales in Singapore saw a big decline of 23 percent month-on-month in May.

Excluding executive condominiums (ECs), the drop in sales was even more significant at 32 percent from the previous month.

In the CCR (Core Central Region), 135 new homes, or 44 percent of the units launched in the region were sold. This is the highest sales figure recorded in the CCR since the ABSD was implemented in December 2011.

According to PropertyGuru's Regional Analyst, Tejaswi Chunduri, this implies that the higher end of the property market is slowly bouncing back.

The most expensive unit was sold at Scotts Square along Scotts Road for S$4,566 psf. 

Meanwhile, the most affordable home, a unit at FLO Residence, was transacted for S$573 psf. In total, 266 units were sold at the project last month.

View the original article here

Source From Property Guru

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