New private home sales rebound in April
SINGAPORE — Sales of new private homes rebounded last month despite fewer launches in the market, helped by strong interests for Jurong Lake District’s latest offering Lakeville and Bishan’s Sky Habitat.
Visitors to the Sky Habitat show gallery at Bishan St 14 look at a model of the condominium on April 5, 2012. TODAY file photo
SINGAPORE — Sales of new private homes rebounded last month despite fewer launches in the market, helped by strong interests for Jurong Lake District’s latest offering Lakeville and Bishan’s Sky Habitat.
Developers offloaded 745 units in April, up from the 480 homes sold in the previous month, despite launching only 586 condominiums, down from March’s 724 units, latest data by the Urban Redevelopment Authority showed today (May 15).
Lakeville by MCL Land was the best-selling development for the month, with 210 of the 230 homes that were launched sold. CapitaLand’s Sky Habitat also did well, moving 130 units last month after its re-launch to bring down prices, bringing its total units sold to 312 homes.
Sentiment in the private residential market has been cautious due to the repeated rounds of cooling measures and loan restrictions. Despite the rebound in April, sales volume is still tepid compared to early last year before the measures were introduced.
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