Primary home sales thrive on OCR projects

70% of the sales in May was from Singapore's mass market.

According to DBS, primary home sales in May fell 23% m-o-m to 2,057 units. Excluding ECs, transaction volume came in at 1,702 units (-31.8% m-o-m).

Here's more from DBS:

The overall take up rate dipped to 66% as developers maintained a rapid pace of new launches, offering 30% more volume at 3,114 units.

The bulk of the sales continued to be concentrated in the OCR (70%) with the top 3 selling projects - Seahill, FLO Residences and Eight Riversuites - contributing close to 40% of the number of units sold.

The CCR saw >100 units sold for the second consecutive month. CDL’s new launch – UP@Robertson Quay - saw 13 units sold between S$1924-2840psf while projects such as Scotts Tower and Twentyone Angullia Park recorded a couple of units changing hands at between S$3,360–4269psf.