Developers’ sales for the week of 13 May – 19 May 2024 were 59 units
The CCR accounted for 16.9% while the RCR and OCR made up 18.6% and 64.4%
The respective top-selling projects in the CCR is Enchanté and Klimt Cairnhill, followed by The Continuum in the RCR and Lentor Hills Residences in the OCR
The Government launched an EC site in Jalan Loyang Besar
The last parcel of land in Pasir Ris sold for EC projects was Sea Horizon in 2012
Current resale prices of Sea Horizon is around $1,239 psf, an increase of more than 50% from its launch price of around $800 psf in 2013
The most recent public housing project to obtain its MOP was Pasir Ris One in 2015
There could be potential pent-up demand from first time buyers and HDB upgraders
With rising costs, developers may bid between $650 and $700 psf ppr for this site to keep the selling quantum affordable to buyers
