The rise was largely driven by the launch of two projects - The Reserve Residences on Jalan Anak Bukit and The Continuum on Thiam Siew Avenue.
SINGAPORE: Sales of new private homes in Singapore have risen for the fifth consecutive month, reaching their highest level in 12 months.
On a year-on-year basis, however, sales fell by 23.4 per cent from the 1,355 units sold last May - which also marked the last time more units were sold.The sales were mainly driven by the launch of The Reserve Residences on Jalan Anak Bukit in the Rest of Central Region . A total of 523 units were sold at a median price of $2,461psf.
Another RCR project that pushed sales in May, The Continuum on Thiam Siew Avenue, sold 225 units at a median price of $2,720psf. The bulk of last month's transactions came from the Rest of Central Region . Another 14.6 per cent was in the Core Central Region , while the remaining 3.8 per cent was in the Outside of Central Region.
However, he noted that the full effect of the cooling measures will only be evident in June. He put this down to"a transition provision to allow the exercise of option to purchase on or before May 17, 2023 to fall under the previous ABSD of 30 per cent". "Those that do business use Singapore as their base camp. After comparing amongst all the countries in Asia, Singapore still remains at the top of their list.”
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