New home sales up 29.5% m-o-m in May: URA


Latest URA statistic shows a 29.5% bump on new private home sales volume compared to a month ago.

The impressive performance was contributed by healthy sales activity at nine new launches including The Garden Residences at Serangoon. A total of 952 units found its owner out of the 1394 units released by developer in May, a significant increase from 735 units in April.

Analyst noted that the market is undeterred by the cooling measures and uncertain outlook. Notably, close to a third of the transacted property were at above $2000psf.

With the ongoing buoyed sentiment, smart investors will continue looking for value buy and attractive pricing of extensive offering at The Garden Residences will definitely within their radar.


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