Real Estate

Developers’ sales for the week of 1 Apr – 7 Apr 2024 were 70 units

The CCR accounted for 15.7% while the RCR and OCR made up 22.9% and 61.4% The respective top-selling projects in the CCR is Cuscaden Reserve followed by Pinetree Hill in the RCR and The Botany at Dairy Farm in the OCR The first GLS tender for long stay serviced apartments (SA2) closed on 4 Apr with only one bidder The sole bid is expected, given the large quantum of more than $1 billion and...

Sales 25 Mar – 31 Mar 2024 Total 103 units

The CCR accounted for 25.2% while the RCR and OCR made up 29.1% and 45.6%. Price gains in the property market moderated to 1.5% in 1Q 2024, easing from the 2.8% gains in the previous quarter while transaction volume in 1Q 2024 is lower by about 20% quarter-on-quarter, largely pulled down by the resale and subsale market. Huttons Data Analytics estimate developers launched between 1,300 and 1,400...

Sale for 18 Mar – 24 Mar 2024 were 75 units

The CCR accounted for 28.0% while the RCR and OCR made up 24.0% and 48.0% The respective top-selling projects in the CCR is Cuscaden Reserve followed by Grand Dunman in the RCR and EC – North Gaia and The Botany at Dairy Farm in the OCR There will be 2 GLS tenders closing on 4 Apr – Zion Road (Parcel A) and Upper Thomson Road (Parcel B) Zion Road (Parcel A) enjoys prominent frontage along...

Developers’ sales for the week of 11 Mar – 17 Mar 2024 were 522 units

Developers’ sales for the week of 11 Mar – 17 Mar 2024 were 522 units The CCR accounted for 13.2% while the RCR and OCR made up 1.9% and 84.9% The respective top-selling projects in the CCR is Cuscaden Reserve followed by Grand Dunman in the RCR and Lentor Mansion in the OCR Lentor Mansion is the best-selling project in 2024 in terms of number of units sold and is the second best-selling...

Sale of the week for 4 Mar – 10 Mar 2024 were 71 units

Sale of the week for 4 Mar – 10 Mar 2024 were 71 units The CCR accounted for 15.5% while the RCR and OCR made up 21.1% and 63.4% River Valley Green (Parcel A) is launched for sale under 1H 2024 GLS programme The Government is offering more land, following the completion of the Thomson-East Coast MRT line and buyers’ preference to stay near a train station There is technically no new...

Sales for the week of 26 Feb – 3 Mar 2024 were 196 units

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

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

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

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

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...