Singapore, 15 Jun 2023 Robust take-up at two new city-fringe launches – The Reserve Residences in Jalan Anak Bukit and The Continuum in Thiam Siew Avenue – drove May’s new private home sales to a one-year high of 1,038 units, up 17 per cent from 887 units in April.
New private home sales excluding executive condominiums (ECs) surpassed the 1,000-unit mark for the first time since May 2022, when 1,355 new homes were transacted.
Ms Christine Sun, senior vice-president of research and analytics at OrangeTee & Tie, said The Reserve Residences saw strong demand due to its proximity to top schools in the Bukit Timah area, convenience and high rentability.