Residential sales volume up 35.1% in July

There were 2,086 residential units sold.

Developers saw a good turnout for the month of July after they recorded a 35.1% increase in sales volume.

According to ERA Realty Network, 2,086 residential units were sold, 1,108 were private residential units while 978 were executive condominiums.

Newly launched projects were well received, with Hundred Palms Residences selling out all of its 531 units, and Martin Modern selling 109 units.

Other top sellers include The Santorini, Symphony Suites and iNz Residence, which moved 82, 73 and 65 units respectively.

The strong buying interest observed in the first half of 2017 is clearly keeping its momentum into the second half of the year.

"Buyers are anticipating the market recovery to happen in 2018, and choosing to make their purchase now in hopes of catching the market on its upswing," ERA Key Executive Officer Eugene Lim said,

He furthered, "Also, with recent land prices trending upwards, many buyers are deciding to commit to a purchase now rather than later; as prices for these projects from recent land sales are likely to be priced higher when they are launched next year."

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