Developers’ sales for the week of 27 May 2024 – 2 June 2024 were 54 units
The CCR accounted for 14.8% while the RCR and OCR made up 20.4% and 64.8%
The respective top-selling projects in the CCR is 19 Nassim, followed by Mori, The Continuum and The Landmark in the RCR and Hillock Green in the OCR
2 GLS sites at Margaret Drive and Media Circle were launched for sale
The Margaret Drive site is probably the last plot of land that is within a short 5-minute walk to Queenstown MRT station
It may see not more than 3 bidders and a top bid of $1,150 to $1,250 psf ppr
The Media Circle site is the first pure Long Stay Serviced Apartment (SA2) site to be offered for sale
As it requires a longer period to recoup the capital, the bid is likely to be lower than $1,191 psf ppr for the earlier GLS site
It may attract a top bid of not more than $1,100 psf ppr and there may be only one bid
