Topping the list sold over 100 units for $1,633 psf on the average.
Private home sales in October surprised the market with over 60% growth month-on-month on two new launches - Principal Garden and Thomson Impression. Developers launched the two new projects which are both in the city fringe (by proxy of RCR) in the month of October after two consecutive months of no new private housing launches. Unfortunately, the story does not end there. When compared with last year's performance, private home sales disappoint with 30% growth decline.
Developers sold 546 units in October 2015, bringing 10M15 sales to 6,383 units. This increase in sales is after two successive months of falling sales – 513 units in Aug and 341 units in September. Despite increase in monthly sales by 60%, Barclays note that this is the second lowest October monthly sales figure after Oct 2008 when 118 units were sold.
Compiled by Barclays, here are the projects which helped lift private home sales last month.
Photo credits: http://principalgarden-uol.sg/
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