The number of new private homes sold in May jumped 53.1% compared to April and 7.9% compared to the same month last year, according to information released by the Urban Redevelopment Authority (URA) on Monday, 18 June.
Developers sold 1,121 private homes in May 2018, excluding executive condominiums, compared with 732 units in April.
The number of units sold was also the highest since August 2017, when 1,246 new private homes were sold.
Including ECs, 1,257 units were sold in May, a slight drop from 1,328 sold in April and lower than 1,416 sold in the same month last year.
Categorized by location, the Core Central Region (CCR) saw 43 units sold; the Rest of Central Region (RCR) saw 286 units sold; the Outside Central Region (OCR) saw 792 units sold.
Also read: Non landed private property and HDB rents increase 0.2% in May 2018
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