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Singapore July Home Sales Rise to Two-Year High on New Projects

By Tony Seruga

Singapore home sales rose in July to the highest in two years, driven by new projects.

Developers sold 1,594 units last month compared with 375 units in June, according to data released Monday by the Urban Redevelopment Authority. That’s the highest since June 2013, the data showed.

Fernvale Development Pte’s High Park Residences accounted for most of the sales as the developer sold 1,169 of 1,186 units offered, according to data from the authority.

The project attracted buyers because the units are smaller, making them more affordable, said Nicholas Mak, an executive director at SLP International Property Consultants in Singapore. Apartments started as low as S$400,000 ($284,000), he said…

Singapore July Home Sales Rise to Two-Year High on New Projects

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