MARCH private home sales dived almost 60 per cent from a year ago – but industry players are unfazed, citing a dearth of new launches as the main cause.

Sentiment remains buoyant and, with the slew of launches rolled out this month and more to come, buyers are expected to be drawn out; developers and their marketing agents will be kept busy.

There were only two new launches last month – The Tapestry in Tampines and 8 Hullet off Cairnhill Road. Developer City Developments’ project, The Tapestry – the bigger of the two projects – moved 329 units in March at a median price of S$1,408 psf.

RIVERCOVE Residences wrapped up the first ballot and booking exercise for the executive condominium (EC) with nearly 80 per cent of its 628 units sold at an average price of S$965 psf.

Located in the Anchorvale Lane neighbourhood of Sengkang, it is the …