Developers' sales soar by 236% MoM in July with mass market driving gains

July marked the second-highest monthly sales in 2024.

Developers’ sales more than doubled to 571 units in July, the Urban Redevelopment Authority (URA) reported.

PropNex attributed the 236.4% MoM jump in private home sales, excluding executive condominiums (ECs), to fresh project launches in the mass market segment.

PropNex said July had the highest monthly tally in four months and the second-highest monthly sales in 2024.

Amongst market segments, the Outside Central Region (OCR) was the top performer, selling 444 new units, more than three times higher than the June record of 132.

The Rest of the Central Region (RCR) also recorded a sales increase, with 106 new units moving, 49% higher than the 71 transactions in June.

In CCR, 21 new units exchanged hands, marking the region’s lowest month sales since December 2018.

Meanwhile, developers sold 37 new EC units, a 26% MoM decline.

PropNex attributed the decline to the reduced unsold EC stock in the market.

Follow the links for more news on

PropNex

Urban Redevelopment Authority

singapore private home sales

Also Read

One Sophia sells 30% of units at weekend launch

Turf City sites could deliver up to 800 public housing units: Huttons

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit