Property Update

SORA achieved an expected sales results similar to Lakegardens Residence during its first day sales booking launch.

SORA achieved an expected sales results similar to Lakegardens Residence during its first day sales booking launch. With majority of the units sold being the one and two bedrooms types. As of now, SORA one and two bedrooms are priced lower than LG, whereas LG 3BR & bigger are priced lower than SORA. We will be seeing west lovers shifting their attention to LG after the initial first day...

Developers’ sales for the week of 24 June 2024 – 30 June 2024 were 61 units

Developers’ sales for the week of 24 June 2024 – 30 June 2024 were 61 units Flash estimates showed that property prices edged up by 1.1% in 2Q 2024, easing from the 1.4% gains a quarter earlier due to higher for longer interest rates and cautious sentiments which capped price increases Huttons Data Analytics estimate developers launched between 600 and 700 private residential units in 2Q...

Developers’ sales for the week of 17 June 2024 – 23 June 2024 were 65 units

Developers’ sales for the week of 17 June 2024 – 23 June 2024 were 65 units The respective top-selling projects in the CCR is Klimt Cairnhill, followed by Tembusu Grand in the RCR and Hillhaven in the OCR 2 GLS tenders at River Valley Green Parcel A and Upper Thomson Road Parcel A closed on 19 Jun The top bid of $1,325 psf ppr for River Valley Green (Parcel A) was within...

Developers’ sales for the week of 10 June 2024 – 16 June 2024 were 51 units

Developers’ sales for the week of 10 June 2024 – 16 June 2024 were 51 units 2 GLS sites on the Confirmed List at Dairy Farm Walk and Tengah Garden Avenue were launched for sale while a site on the Reserve List at Bayshore Road is available for application With the Government increasing land supply and developers facing challenging conditions from high construction costs, interest rates and...

Developers’ sales for the week of 3 June 2024 – 9 June 2024 were 67 units

Developers’ sales for the week of 3 June 2024 – 9 June 2024 were 67 units The CCR accounted for 11.9% while the RCR and OCR made up 29.9% and 58.2% The respective top-selling projects in the CCR are Grange 1866 and The Residences at W Singapore Sentosa Cove, followed by The Landmark in the RCR and EC - North Gaia in the OCR Based on a recent research paper by Huttons, an estimated 43.3% of...

Developers’ sales for the week of 27 May 2024 – 2 June 2024 were 54 units

Developers’ sales for the week of 27 May 2024 – 2 June 2024 were 54 units The CCR accounted for 14.8% while the RCR and OCR made up 20.4% and 64.8% The respective top-selling projects in the CCR is 19 Nassim, followed by Mori, The Continuum and The Landmark in the RCR and Hillock Green in the OCR 2 GLS sites at Margaret Drive and Media Circle were launched for sale The Margaret Drive...

Developers’ sales for the week of 20 May – 26 May 2024 were 62 units

Developers’ sales for the week of 20 May – 26 May 2024 were 62 units The Government announced a new housing estate at Turf City which will have up to 20,000 homes The 15,000 to 20,000 homes planned for the 176 ha site is less than half of the 42,000 homes which will be built in the 165ha site at Tengah The precincts, Racecourse Neighbourhood and Syces Quarters which are near to the GCB...

Developers’ sales for the week of 13 May – 19 May 2024 were 59 units

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...

Developer sales figures for the month of April.

In April 2024, there were three launches – 14-unit 32 Gilstead, 142-unit The Hill @one-north and 59-unit The Hillshore, amounting to a total of 278 units. This is a 68.3% drop from the previous month and 65.2% lower year-on-year. Nevertheless, sales at these three launches were encouraging. More than 80% of the sales in April 2024 were for units in earlier launched projects like The Botany at...

Developers’ sales for the week of 6 May – 12 May 2024 were 41 units

The CCR accounted for 12.2% while the RCR and OCR made up 26.8% and 61% The respective top-selling projects in the CCR is 19 Nassim and Klimt Cairnhill followed by Grand Dunman in the RCR and The Myst in the OCR A GLS site at Holland Drive will close on 14 May This is the last plot of land for private residential development in the popular Holland Village enclave It may be developed into a...

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