Property Update

Developers’ sales for the week of 9 Sep 2024 – 15 Sep 2024 were 66 units

The CCR accounted for 7.6% while the RCR and OCR made up 37.9% and 54.5% The respective top-selling projects is Cuscaden Reserve in the CCR , followed by Pinetree Hill in the RCR and Hillhaven in the OCR The Government rejected the bid of $640 psf ppr for JLD as too low In doing so, the Government may have felt that this prime and future statement piece in JLD warrants a higher land...

Developers’ sales for the week of 2 Sep 2024 – 8 Sep 2024 were 63 units

The CCR accounted for 15.9% while the RCR and OCR made up 44.4% and 39.7% The respective top-selling projects in the CCR is Cuscaden Reserve, followed by Pinetree Hill in the RCR and Hillhaven and Sceneca Residence in the OCR ECs was a hot topic recently due to their large gains upon fulfilling the MOP, sparking discussions on whether there should be policy change to curb gains Huttons do not...

Developers’ sales for the week of 26 Aug 2024 – 1 Sep 2024 were 64 units

The CCR accounted for 7.8% while the RCR and OCR made up 26.6% and 65.6% The respective top-selling projects in the CCR is 32 Gilstead, followed by The Continuum in the RCR and Hillhaven in the OCR The land sales market was relatively subdued in the past 6 months due to the high interest rate, high construction costs and modest take-up at launches LBC for Group B2 (non-landed) for Sept 2024 to...

Developers’ sales for the week of 19 Aug to 25 Aug 2024 were 58 unit

Developers’ sales for the week of 19 Aug to 25 Aug 2024 were 58 unit The respective top-selling projects in the CCR is Cuscaden Reserve, followed by Tembusu Grand in the RCR and Hillock Green in the OCR The Government announced cooling measures on the HDB market by lowering the Loan-to-Value limit for HDB loans to 75%, similar to a bank loan for a HDB flat In the near term, the resale demand...

With interest rates set to reduce, we’re expecting more movement in the market.

https://www.straitstimes.com/business/economy/powell-says-time-has-come-for-fed-to-cut-interest-rates With interest rates set to reduce, we’re expecting more movement in the market. Sharing my observations from past experiences: 1) Lower interest rates will attract more people to divert their savings to other investment alternatives. 2) Banks will be more competitively readjusting their...

Developers’ sales for the week of 12 Aug 2024 – 18 Aug 2024 were 56 units

Developers’ sales for the week of 12 Aug 2024 – 18 Aug 2024 were 56 units The CCR accounted for 23.2% while the RCR and OCR made up 30.4% and 46.4% The respective top-selling projects in the CCR is Cuscaden Reserve, followed by Tembusu Grand in the RCR and Lentoria in the OCR The resumption of project launches after the June school holidays propelled developers’ sales by 2.5 times to 571...

Developers’ sales for the week of 5 Aug 2024 – 11 Aug 2024 were 37 units

Developers’ sales for the week of 5 Aug 2024 – 11 Aug 2024 were 37 units The CCR accounted for 10.8% while the RCR and OCR made up 35.1% and 54.1% The respective top-selling projects in the CCR is Cuscaden Reserve, followed by Tembusu Grand in the RCR and EC – North Gaia in the OCR The luxury non-landed homes market (new and resale) saw steady demand from buyers in 2Q 2024 Based on...

Developers’ sales for the week of 29 July 2024 – 4 Aug 2024 were 84 units

Developers’ sales for the week of 29 July 2024 – 4 Aug 2024 were 84 units The respective top-selling projects in the CCR is Cuscaden Reserve, followed by Grand Dunman in the RCR and Hillhaven and Lentoria in the OCR Two GLS tenders at Margaret Drive and Jalan Loyang Besar (EC) closed on 1 Aug with Margaret Drive getting a top bid of $1,154 psf ppr and Jalan Loyang Besar (EC) $729 psf...

Developers’ sales for the week of 22 July 2024 28 July 2024 were 107 units

Developers’ sales for the week of 22 July 2024 28 July 2024 were 107 units The CCR accounted for 13.1% while the RCR and OCR made up 25.2% and 61.7% The respective top-selling projects in the CCR is Hill House, followed by Grand Dunman in the RCR and Hillhaven in the OCR The private residential market was stable in the second quarter of 2024, supported by an increase in...

Kassia achieve an outstanding results with more than 50% sold on first day launch.

Kassia achieve an outstanding results with more than 50% sold on first day launch. This is a stark difference comparing with Sora which sold around 25% on its first day launch. The sales performance is expected as many of the units are priced very attractively for a freehold project in today’s market. Despite its location, buyers & investors saw the low price entry as a good buffer for...

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