Developers’ sales for the week of 23 Oct – 29 Oct 2023 were 45 units
The CCR accounted for 26.7% while the RCR and OCR made up 31.1% and 42.2%
The respective top-selling projects in the CCR are Kopar at Newton, Midtown Bay, The M, followed by The Reserve Residences in the RCR, and EC – North Gaia and Lentor Hills Residences in the OCR
URA 3Q 2023’s numbers revealed that the property market returned to growth backed by strong sales in project launches
A total of 2,805 units across nine projects were launched for sale in 3Q 2023
Developers sold a total of 1,946 units in 3Q 2023 which is slightly lower than the previous quarter
In the first nine months of 2023, developers have sold 5,329 units, 16.9% lower than the corresponding period a year ago
Developer sales could end the year between 6,000 and 6,500 units as buyers turn cautious
Property prices are likely to stabilise at around 5% after the high growth over the past two years
