Developers’ sales for the week of 8 May – 14 May 2023 were 62 units
The CCR accounted for 44.6% while the RCR and OCR made up 41.1% and 14.3%
The top-selling project in the CCR was One Holland Village Residences, followed by The Continuum and The Landmark in the RCR, and EC – North Gaia in the OCR
Developer’s sales in Apr 2023 jumped 80.3% month-on-month to 887 units
The two major launches, Blossoms by the Park and Tembusu Grand accounted for 63% of Apr sales
The cooling measures will lead to less purchases by foreigners but the impact on overall transaction volume is expected to be minimal as almost 95% of buyers are either Singaporeans or Permanent Residents
While past cooling measures have resulted in a dip in quarterly transaction volume, it is unlikely to happen in 2Q 2023
Developers have sold an estimated 1,200 units in the first six weeks of 2Q 2023 which is on par with 1Q 2023’s 1,256 units
With The Reserve Residences launching in May 2023, developers’ sales are likely to be in the range of 1,500 to 1,600 units in 2Q 2023
