Chart of the day: OCR leads monthly private new home sales in July

Sales volume increased from 111 in June to 485.

This chart from Propnex shows the volume of private new home sales in the three regions in Singapore with OCR leading for the month of July.

Sales volume for OCR increased by 336.9% from 111 in June to 485 in July. AMO Residence was the top seller in the OCR in July, accounting for about 75% of the submarket's transactions – selling 366 units (out of 372 units in the development) at a median price of $2,110 psf. Previously launched projects, The Florence Residences, Parc Clematis, and Ki Residences At Brookvale each sold 17 units during the month, adding to the OCR total. 

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New home sales in both CCR and RCR declined by 10.2% and 4.1% month-on-month (MoM), respectively. The best-selling CCR projects in July were Hyll On Holland which sold 28 units at a median price of $2,638 psf, the Perfect Ten which moved 17 units at a median price of $2,932 psf, and Leedon Green where 16 units were transacted at a median price of $2,749 psf.

Meanwhile, the most popular RCR project was Riviere which sold 27 units at a median price of $2,907 psf. This is followed by Forett At Bukit Timah where 15 units changed hands at a median price of $2,230 psf.