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 strongest bid for land in the CCR and Orchard Road area since the Cuscaden Road site in 2018
It reflects developers’ growing confidence in the CCR, buoyed by the strong results and prices achieved at Watten House
The Plantation Close (EC) site attracted 4 bidders and a top bid of $701 psf ppr from Hoi Hup Realty Pte Ltd and Sunway Developments Pte. Ltd
Demand for ECs have been strong and the latest EC launch, Lumina Grand sold 270 units on the first weekend
There are less than 500 unsold EC units in the market, reflecting the tight EC supply and limited choices for buyers
