1,270 new private homes were sold in September. This is the highest record of private homes sold in September, in seven years.
60% of the sales are located in the rest of central region (city fringe). New launch Avenue South Residence sold the most units last month (28% of 1,270 units), at an average price of $1,941 psf.
Singapore permanent residents and Singaporeans are the main contributor for September’s new-sales volume. This implies that, in the long-term, Singaporeans are still confident about the private properties here.
Moving forward, based on the home price index increase in the last two quarters, analysts expect prices to remain stable.
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