New Home Transaction Jumped By Almost 50% In Q3 2019

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3198 unit sold by developer in third quarter, 16.9% higher than same period last year. This figure also signified a 49.2% increase from Q2 2019. The data shown is also a record breaker, after a rush of purchase took place the night prior to new cooling measure implemented in July 2018.

The sales growth was witnessed across all segments, where Outside Central Region (OCR) leading the pace due to attractive pricing rolled out by developer. A few projects stood out as favourites including Parc Clematis, Piermont Grand, Treasure At Tampines, The Florence Residences, One Pearl Bank and Avenue South Residences.

Moving forward, developer will carry on with their pricing strategy amid plenty of housing supply in the markets, benefiting home seekers who are being cautious with abundance of options.

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