Buyers from Indonesia, China and India are boosting demand for private residential properties in Singapore, according to the latest figures from the Urban Redevelopment Authority (URA).

Excluding luxury condominiums, sales in Singapore soared in July, up almost 42% compared with the previous month. According to the URA, three of the top four best selling projects were located in the suburbs.

Private home sales in July for Singapore’s Core Central Region (CCR) jumped by almost 80% month on month, reaching the highest level of sales for 15 months.

The URA is looking to capitalise on this strong demand and has put new residential sites on the market for sale to developers, which could create around 1,600 new residential units.