Chart of the Day: Primary sales hit three-year high

Around 2,000 units were sold in April.

Despite the lower new launches in the month, this chart from DBS Group Research shows that April primary sales recorded the third highest primary sales since 2014.

Primary sales in April rose 49% YoY, as private homes sales doubled while Executive Condominiums (ECs) fell 32%.

However, this was 18% QoQ lower compared to the record high sales achieved in Mar 2017, a level not seen since 2014.

"As expected, sales were largely from new project launches such as Seaside Residences (419 units) and Artra (126 units), while sales on existing projects improved, such as Sol Acres (EC; 122 units), Parc Riviera (90) and Commonwealth Towers (85) which were among the top 5 best sellers," DBS Group Research said.