Developers’ sales for the week of 10 Apr – 16 Apr 2023 were 70 units
The CCR accounted for 52.9% while the RCR and OCR made up 28.6% and 18.6%
The top-selling project in the CCR was Midtown Bay, followed by Tembusu Grand in the RCR, and EC – North Gaia in the OCR
URA’s latest data showed that developers sold 492 units in March, 13.6% higher month-on-month
Sales in March 2023 was led by the launch of The Botany at Dairy Farm in the Outside Central Region (OCR)
Foreigners made up 7.8% of sales in March, higher than the level of foreigner purchases for the whole of 2022
Developers are estimated to have sold 1,318 units in 1Q 2023, 91.0% higher than 4Q 2022’s 690 units
The strong sales seen for the launches in 2023 is an indication that the desire to invest in properties is robust
Unsold units in the market remained low and there is broad based support for prices in the market, thus giving buyers the confidence to enter the market
