Number of executive condos sold in October hit all-year low

Only 99 units were sold.

According to Maybank Kim Eng, Singapore developers launched 1,124 private homes (excluding ECs) in Oct, and
sold 1,009 units (-19% MoM).

Cumulative homes sales for 10M13 was 13,675 units, which was 32% lower than the same period last year. The number of EC units sold in Oct was an all-year low of 99 units in the absence of any launch.

Here's more:

Temporary hiatus for EC launches in Oct. The 99 EC units sold in Oct came mainly from Forestville (34 units; median ASP SGD721 psf), Lush Acres (30 units; median ASP SGD815 psf) and Sea Horizon (20 units; median ASP SGD805 psf).

This is expected to change in Nov, after the recently launched 506-unit Skypark Residences at Sembawang was reportedly oversubscribed by three times, with units priced at SGD750-820 psf.

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