Sales for the week of 26 Feb – 3 Mar 2024 were 196 units The CCR accounted for 10.7% while the RCR and OCR made up 7.7% and 81.6% The respective top-selling projects in the CCR is Watten House followed by Grand Dunman in the RCR, and EC – Lumina Grand in the OCR Land Betterment Charges rates for non-landed residential use for Mar to Aug 2024 were revised downwards in the CCR but adjusted...
Developers’ sales for the week of 19 – 25 Feb 2024 were 51 units The CCR accounted for 25.5% while the RCR and OCR made up 31.4% and 43.1% The respective top-selling projects in the CCR is One Draycott followed by Blossoms by the Park in the RCR, and EC – Lumina Grand and EC – North Gaia in the OCR The increase in the lower property tax band which attracts 0% property tax from $8,000...
Developers’ sales for the week of 12 – 18 Feb 2024 were 35 units The CCR accounted for 20.0% while the RCR and OCR made up 42.9% and 37.1% The respective top-selling projects in the CCR is 19 Nassim followed by Grand Dunman in the RCR, and Hillhaven and The Botany at Dairy Farm in the OCR The Government announced a reduction in ABSD remission clawback of 1% to 10% for developers should...
Developers’ sales for the week of 29 – 4 Feb 2024 were 55 units The CCR accounted for 30.9% while the RCR and OCR made up 12.7% and 56.4% The respective top-selling projects in the CCR is One Draycott, followed by Terra Hill in the RCR, and EC – North Gaia in the OCR The Orchard Boulevard GLS site attracted a top bid of $1,617 psf ppr from United Venture Development This is the...
Developers’ sales for the week of 22 – 28 Jan 2024 were 319 units The CCR accounted for 2.2% while the RCR and OCR made up 2.2% and 95.6% The respective top-selling projects in the CCR is 10 Evelyn and 19 Nassim followed by Grand Dunman in the RCR, and Lumina Grand in the OCR Lumina Grand sold 270 units on the first weekend The split between 1st and 2nd timers were roughly 43% and...
Lumina Grand EC Live Update: 270/512 (53% Sold) With a higher average $psf selling price over at Lumina Grand EC, buyers demand are held back with only the 2nd timers buyers quota demand filled on the first day launch. Income cap of $16k also means that first timers buyers profile will have to fork out a higher downpayment. Despite a lower land cost secured, the CDL branding plus a...
Developers’ sales for the week of 15 – 21 Jan 2024 were 172 units The CCR accounted for 2.3% while the RCR and OCR made up 35.5% and 62.2% The respective top-selling projects in the CCR is Enchanté, The Arcady at Boon Keng in the RCR, and Hillhaven in the OCR The property market kick off with Hillhaven and The Arcady at Boon Keng, each selling more than 50 units on launch day. Buyers...
The sale launches for the first two projects in 2024 will set the mood for the next few months. Despite many opinion leaders citing this as an encouraging sales results, I personally think that the buyer sentiment remains thin. The main issue is about ABSD which penalize multiple properties owners. Which also means that choosing the right residential property to own has becoming more and more...
Developers’ sales for the week of 8 – 14 Jan 2024 were 41 units The CCR accounted for 14.6% while the RCR and OCR made up 31.7% and 53.7% The respective top-selling projects in the CCR is Watten House, followed by The Continuum in the RCR EC – Altura, EC – North Gaia, Hillock Green and Sceneca Residence were the top-selling projects in the OCR Developers sold an estimated 135 units...
10 Jan 24 Government’s Direction for New Homes The latest news on Monday talks about the government's direction for new homes. Minister Desmond Lee shared updates on both public and private housing supplies. In simple words, the government wants to make sure that property prices grow steadily with the market. They are keeping an eye on the balance between how many houses are available and...
