Whilst comparing against August last year, the drop is 50.6 per cent.
The decline was attributed to property cooling measures that took effect on 6 Jul 2018.
The Hungry Ghost Festival when home buyers avoid entering into property deals may also be a contributing factor to declining new private home sales.
Top selling new private home developments that contributed to total of 616 units, excluding EC, transacted in Aug 2018 were:
|New Private Home||Location||Median Price ($psf)||Units Sold|
|The Tre Ver||mins walk to Potong Pasir MRT||$1,551||164|
|Stirling Residences||mins walk to Queenstown MRT||$1,757||91|
|Park Colonial||doorstep to Woodleigh MRT||$1,713||79|
|Riverfront Residences||near Hougang MRT||$1,311||76|
With the end of Hungry Ghost Month, several new condo launches are targeting a launch from Sep 2018.
One of them is much anticipated JadeScape at former Shunfu Ville.
For the full Business Times article, please click here.
For full project information on new condo launches, please ‘mouse-over’ New Launches at top of page.