Primary tabs

What stabilisation of private home sales means

Benjamin Cher Published on Mon, Sep 19, 2016 / 12:08 PM GMT+8

A-

A+

SINGAPORE (Sept 19): Singapore’s property market received a boost from resale transactions in light of flagging primary sales in August, says DBS.

The lack of major launches contributed to 58% lower month-on-month and 17% lower year-on-year primary sales. Of the 805 units sold, only 473 comprised of private residential units which were not executive condominium.

However, the total overall transactions for August surpassed any total since 2013, with 1,621 property transactions. This was driven by a 30% on-year rise in resale transactions to 787 units, mostly from major relaunches such as The Interlace, D’Leedon and OUE Twin Peaks.