In April 2024, there were three launches – 14-unit 32 Gilstead, 142-unit The Hill @one-north and 59-unit The Hillshore, amounting to a total of 278 units.
This is a 68.3% drop from the previous month and 65.2% lower year-on-year. Nevertheless, sales at these three launches were encouraging.
More than 80% of the sales in April 2024 were for units in earlier launched projects like The Botany at Dairy Farm, Hillhaven, Pinetree Hill.
This indicates a steady underlying demand from buyers who see good value in these projects.
The OCR accounted for 49.8% of sales, the RCR for 39.5%, and the CCR for 10.6%.
In July 2024, there may be 2 major non-landed launches – Kassia and SORA.
Kassia is probably the last freehold project in the Flora Drive private residential enclave.
SORA will be the largest new launch in Jurong Lake District.
Overall, developers may sell up to 7,000 new homes while prices are expected to be stable, increasing up to 5% in 2024.
