New private home sales in Singapore surged 13% in September 2019. Developers sold a total of 1,270 new private homes during launches after the Hungry Ghost month. The five launches last month are Avenue South Residence, Meyer Mansion, The Antares, Uptown@Farrer and Cuscaden Reserve. Out of these five launches, Avenue South Residence in Silat Avenue emerged as the top seller with 361 units sold. It was noted that the new sales volume was driven by mainly Singapore Citizens and Singapore Permanent Residents. This indicates that Singaporeans are confident about the long term prospects of the economy and private residential properties in Singapore.
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