New Home Sales In June Are Projected Double Than May

Although that no new jobs were introduced in June, new house sales might go across 900 systems, according to Ismail Gafoor, Chief Executive Officer of PropNex. This figure is virtually dual the figure in May, where 484 brand-new homes were marketed based on URA’s lodged cautions.
The sales of brand-new houses are picking up as sales galleries resumed on June 19 with security precautions in Phase Two. According to PropNex’s internal information, 300 new exclusive homes were marketed in the week of June 22 to 28. This is about 24% higher than the 242 brand-new homes sold the week before (June 15 to 21). Prior to that, 183 brand-new homes were marketed in the 2nd week of June (8th to 14th) as well as 163 new houses were marketed in the very first week of June (1st to 7th).
Sales remained to be driven by the huge jobs above 1,000 devices, particularly, 1,410-unit The Florence Residences, 1,468-unit Parc Clematis and also 2,203-unit Prize Treasure at Tampines. These projects conformed 80 units each throughout the month. The 1,399-unit Parc Esta situated contrary Eunos MRT Station as well as the 1,259-unit Stirling Residences near Queenstown MRT Station also achieved strong sales, with greater than 60 units marketed in each project over the past month. The 1,206-unit JadeScape at Marymount Road sold more than 50 units.
These projects were released in the past 1 1/2 years. “The sales outcomes demonstrate that the household market is resilient and that individuals are still ready to buy units as long as they are appropriately priced,” says Gafoor.

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