A total of 769 private housing units had been sold by Singapore developers in September, including executive condominiums (ECs). Showing a 3.7 percent down from the 799 units sold for the month of August, the Urban Redevelopment Authority (URA) revealed data last 17 October.
On yearly basis, unit sales increased by 18% compared to the 629 units sold in September last year.
Property analysts ascribe the slow of developer sales to the absence of new launches.
The best-selling private condominium development last September was MCL Land's 710-unit Lake Grande @ Jurong West, launched last July. Located at 1 Jurong Lake Link, this 99-year leasehold condominium development sold 29 units at $1,312 psf median price.
The two newly launched EC development sold even more units, helping sales figure to push up. The 8 blocks of 15-storey buildings Treasure Crest by Sim Liam Group sold 38 units at $746 psf median price, followed by 99-year leasehold Sol Acres in Choa Chu Kang, which sold 36 units at $800 psf median price.
Suburbs was the most active region with 297 units or 74 percent total units sold. The 20 percent came from the city fringe with 144 units, while the remaining six percent came from the city centre with 68 units sold.
According to JLL's National Director of Research & Consultancy, Mr Ong Teck Hui, with the launch of 519 units Forest Woods, 626 units The Alps Residences, 752 units Parc Riviera and 736 units Queens Peak, expects to see more buying activity in the coming months.
Analysts also expect a stronger performance of sales this 2016 compared to last year.