You may have noticed last June was a quiet month on the property front. Indeed, that month saw the lowest sales volume of private homes this year. Less than 500 new units were sold, and almost all the activity was in resale markets. That looks set to recover sharply this month, however; and part of the recent is the surge of strong new offerings coming on the market. Here’s what to look out for: What happened to new private home sales? Developers reported 488* new units were sold in June 2022, excluding Executive Condominiums. This was down from 1,355* units the month prior; this is a decrease of around 64 per cent. This is the lowest sales volume for new homes in around two years. There was, however, no pause to rising prices. Square Foot Research shows that new home prices averaged $2,395 psf in June, up from $2,275 psf the month before. This is a roughly 24 per cent increase in new home prices, since June 2021....