Especially noteworthy is the surge in sales of new private residential properties to 718 units following the Lunar New Year, nearly quadrupling the figures from the previous month. Including executive condominiums (EC), last month's total sales reached 832 units. This surge in numbers is largely attributed to Singapore developers launching several new projects post-Lunar New Year, injecting strong momentum into the local new private residential market.

The latest data from the Urban Redevelopment Authority (URA) shows that sales of new private residential properties reached 718 units last month, nearly quadrupling year-on-year. This significant growth not only reflects a rapid rebound in market demand but also demonstrates a significant increase in consumer confidence.

shicheng.news

Taking into account the situation with executive condominiums, last month's total sales reached 832 units, increasing by approximately 3.5 times compared to February, indicating strong growth across various segments of the market.

shicheng.news

Over the past month, developers have launched a total of 877 new units, with the Lentor Mansion project performing particularly well. Of the 533 units launched on the market in a single month, nearly 77% were sold, indicating strong demand for the project. With a median price of SGD 2,269 per square foot, the project demonstrates its competitiveness in the high-end residential market.

These figures not only reflect the level of activity in the Singapore private residential market but also demonstrate developers' keen insight into market changes and their ability to adapt flexibly. Over the coming months, as more new projects are launched, the market is expected to maintain its active stance. Meanwhile, low interest rates and continued government support for the real estate market are expected to further drive sales growth.