The respective top-selling projects is Klimt Cairnhill in the CCR, Pinetree Hill in the RCR and Lentoria in the OCR
Private property prices fell by 0.7% in 3Q 2024, marking the first decline in property prices since 2Q 2023 where prices eased by 0.2%
The decline in property prices may be due to a different mix of properties sold in 3Q 2024 compared to the previous quarter
For example, there was lower activities and transaction value in the landed homes market and the proportion of sales in the OCR was 55% in 3Q 2024 compared to 51% in 2Q 2024
Buying sentiments in the new homes market picked up in a big way in 3Q 2024 with developers selling 1,160 units in 3Q 2024, 60.0% higher than the previous quarter
The improving sales momentum comes at an opportune time as the market gears up for more launches like Chuan Park, Emerald of Katong, Nava Grove, Norwood Grand, Novo Place (EC) and Union Square Residences in the next two months.
