Private property sales jumped 52.6% last month

Private property sales jumped 52.6% last month

 

Sales of private residential units jumped 52.6 percent last month after declining in April.

 

Figures released by the URA today showed that 441 private homes, including executive condominiums, were sold in May.

 

That’s 152 units more than the 289 homes sold in April.

 

The prices fetched for some of the homes sold were slightly higher than the previous month.

 

Last month, the highest price sold for a unit at Scotts Square was 4,612 dollars per square foot.

 

This represents a 5 percent rise in price as the priciest unit sold at that development in April was 4,368 dollars per square foot.

 

The average median price per square foot for a unit sold last month also rose slightly, to around 1222 dollars, from 1159 dollars in April.

 

Source: 938Live

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