Developers sold 53% more new homes in June 2017 compared to 2016, URA data shows

Potential buyers at the launch of Grandeur Park Residences on March 4, 2017.

Private developers have reason to cheer – together, they sold a total of 820 new private home units in June, 53% more than a year ago, according to data released by the Urban Redevelopment Authority on July 17.

Last year, 536 new private homes were sold in the month of June, The Straits Times reported.

Of the 820 units sold in June, 455 units were located in the Outside Central Region, while 301 and 64 units were in the Rest of Central and Core Central regions respectively.

The project which sold the most units was The Santorini in Tampines, where 75 units were sold at a median price of S$1,026 psf.

Parc Riviera at West Coast was the second bestseller, with a total of 55 units sold at a median price of S$1,218 psf.

When compared to May’s total of 1,039 units, June’s total number was down by 21%.

On a preliminary basis, developers sold 3,426 units in Q2 of this year, The Business Times reported. This is more than both the 2,962 units in Q1 this year and the 2,256 units sold in Q2 last year.

In the first half of this year alone, developers sold a total of 6,388 private homes, up from 3,675 units in the same period in 2016.

Read more on URA’s latest data on The Straits Times and The Business Times.