Endeavor to redefine the panache of blissful living, a slew of brand new launches bought Singapore back to its life. Singapore- The private residential abode property got a splash of welcoming excitement and splurge to excel. May was the month to rejoice as property rates until then remained in lackluster and in total mystery with developers. With an exciting 96% sales surge, buyers are enlightened with a swing of new launches last month.
URA (Urban Redevelopment Authority) – Showed Up
Singapore Developers made it possible to develop an array of private homes and properties. They assertively sold 1,470 new private homes just last month at nearly double rate of 749 units as witnessed in month April 2014. This is ascertained by Urban Redevelopment Authority (URA) as showed up on June 16- 2014.
Array of New Hope- Sales-up in Market
The much hyped sales volume came to life as developers claimed to launch 1,790 new units into the market in the month of May, which is approximately three times better than the 600 residential units as recorded last month.
Launches that Hit the Target Right
Two Major projects hit the top list of development by City Developments Ltd (CDL) for this month.
- Coco Palms at Pasir Ris Grove moved 590 of the 600 condominium units launched at a median price of S$1,018 per square foot (psf)
- Commonwealth Towers at Commonwealth Avenue sold 275 of 400 homes at S$1,626 ps
Way beyond the success of new esteem launches, May became a witness to quite another re-launch that topped the high ranks was Wheelock Properties’ The Panorama at Ang Mo Kio, which was sold 100 of the 126 units as offered last month at S$1,241 psf successfully.
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