Demand for new private residences in Singapore saw a 15 percent increase in November, with strong sales from new residential developments like DUO Residences in Bugis and Alex Residences in Redhill.
According to Channel NewsAsia, the Urban Redevelopment Authority (URA) revealed that 1,228 new private residential units were sold in November, an increase from 1,070 units in October.
DUO Residences, which saw 600 units move at a median price of $1,999 per square foot (psf), was the most well-received private residential development in November.
Alex Residences, on the other hand, sold 171 units at $1,706 psf.
With the new property loan curb, buyers have been more picky about their property purchases, but responded positively to an adjustment in price strategies.
Photo: DUO Residence’s Facebook
Source: Channel NewsAsia
