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New private home sales hit a high in Sept

New private home sales hit a high in Sept.

New private home sales enjoyed their best September in seven years, while reaching heights not seen since the cooling measures were imposed in July last year.

The sales surge - 1,270 new private homes were sold, up 13 per cent from August - came as developers revved up launches after the Hungry Ghost month, with some in the city-fringe area proving catnip for buyers. Four of five new launches last month - Avenue South Residence, Meyer Mansion, The Antares and Uptown@Farrer - are in the city fringe, while Cuscaden Reserve is in prime district 10.

Nearly 60 per cent of last month's sales were in the city fringe, known in the industry as the rest of central region.

To read more: https://www.straitstimes.com/business/property/new-private-home-sales-hit-a-high-in-sept

Adapted from The Straits Times 16 October 2019