Private home sales quadruple one year after Circuit Breaker

Excluding executive condos, 1,262 private homes were sold in April.

A strong demand in the "Core Central" and "Rest of Central" regions drove private home sales to 1,262 units in April.

While this was a dip of 2.6% from the 1,296 units sold in March, it is still more than four times the 277 units sold in April last year, when the Circuit Breaker was implemented.

Sales at Irwell Hill Residences and One-North Eden accounted for 36.1% of the transactions in April, selling 315 and 141 units respectively.

Broken down per region, 507 units were sold in the RCR, followed by 444 in the CCR and 311 in the OCR.

For executive condominiums, developers sold 80 new units in April 2021.

The median price of new home sales was at $1.57m, or $2,046 per square foot. For executive condominiums, the median price is $1,169 per square foot.

Developers placed 1,038 new private homes (excluding executive condominiums) in April, higher than the 959 launched in March.