New private home sales more than quadruple in March

Excluding executive condominiums , developers sold 718 units last month, according to data released by the Urban Redevelopment Authority on Monday .

Lentor Mansion, in particular, proved popular with buyers, selling 409 of its 533 units to become the best-selling project in 2024 in terms of number of units sold and in percentage terms, said Huttons Asia senior director of data analytics Lee Sze Teck. Singapore Realtors Inc head of research and data analytics Mohan Sandrasegeran said Lentor Mansion is the first launch under new guidelines on the on the harmonisation of strata and gross floor areas, where units are sold based on livable space.

“This further indicates a healthy appetite for new launches in the area, reinforcing the trend that there is a diverse range of projects in Lentor Hills estate catering to different needs and preferences of buyers and investors,” said Mr Sandrasegeran. Singaporeans made up nearly 92 per cent of new home buyers in March, up from 83 per cent in February, according to PropNex head of research and content Wong Siew Ying. She also cited the number of OCR launches as a likely pull factor.Three new projects hit the market in April - the 142-unit The Hill @ One-North, and two boutique developments The Hillshore , and 32 Gilstead .

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