New private home sales surged 60% to 546 units in October

This marks a three-month high.

Developers sold a total of 546 new private condominiums in October, a substantial 60% increase compared to just 341 units sold in September.

Data from the Urban Redevelopment Authority (URA) show that the two best-selling developments were those that launched last month, namely Principal Garden at Prince Charles Crescent and Thomson Impressions at Lorong Puntong. Each

Principal Garden sold 113 units out of 200 launched at a median price of $1,633 psf, while Thomson Impressions moved 80 out of 150 units at a median price of $1,399 psf.

Over in the Executive Condominium segment, developers sold just 276 units in October, 4% lower compared to September sales.