With less than half number of units was launched by developer in June compared to the previous month, new private home sales activities remain healthy posting a 25.5% jump year-on-year. Out of the 821 units sold last month with only 4 projects was launched, Sky Everton bagged the most units sold with 134 homes found their respective owners at an average of $2523psf. Aspiring private home buyers stay cautious amid global economical concern and interested with more reasonably priced condo with relatively good location that provide better potential upside as well as rental yield as a safe investment for their monies.
Developers are expected to accelerate their launches and pump into supply ahead of the traditional lunar seventh month, Head of Research Christine Sun said.
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