Developer sales figures for the month of November. 970 units were launched for sale in November, the highest since July 2023. There were 3 major non-landed project launches, Hillock Green, J’den and Watten House. 784 units were sold in November 2023, 286.2% higher than in October 2023. The 3 project launches made up more than 70% of total sales. 539 units were sold in the OCR while 151...
Developers’ sales for the week of 27 Nov – 3 Dec 2023 were 32 units The CCR accounted for 21.9% while the RCR and OCR made up 40.6% and 37.5% Sales in the Core Central Region (CCR) is equally split between 7 projects The respective top-selling projects is The Reserve Residences in the RCR, and EC - North Gaia and The Myst in the OCR The Government released two residential sites at Zion...
If land is awarded in year 2026, project will likely be selling in 2027, estimated sale price $psf will most definitely be higher than $3000psf. Given that nearby Watten House has recently sold at average of $3200psf for freehold land. Nearby Projects CMA Freehold 2015 The Glyndebourne $1940-2320psf 99yr 2001 The Trevose $1756-1789psf Freehold 1993 The Chatelet $1800psf Freehold 2002 The...
Developers’ sales for the week of 13 Nov – 19 Nov 2023 were 162 units The CCR accounted for 69.8% while the RCR and OCR made up 11.7% and 18.5% The respective top-selling projects in the CCR is Watten House, followed by Blossoms by the Park in the RCR, and J’den in the OCR Watten House sold 58.9% or 106 units over the weekend It is the best selling project in the CCR in 2023 and since...
Developers’ sales for the week of 6 Nov – 12 Nov 2023 were 513 units The CCR accounted for 1.9% while the RCR and OCR made up 5.3% and 92.8% The respective top-selling projects in the CCR is Dalvey Haus and Leedon Green, followed by Grand Dunman in the RCR, and J’den in the OCR Hillock Green and J’den was launched over the weekend Hillock Green had a strong performance, selling 131...
Developers’ sales for the week of 30 Oct – 5 Nov 2023 were 42 units The CCR accounted for 11.9% while the RCR and OCR made up 38.1% and 50.0% The respective top-selling projects in the CCR is Cape Royale, followed by The Reserve Residences in the RCR, and The Lakegarden Residences in the OCR There will be 3 GLS tenders at Clementi Ave 1, Pine Grove (Parcel B) and Lor 1 Toa Payoh closing on...
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...
Developers’ sales for the week of 16 Oct – 22 Oct 2023 were 52 units The CCR accounted for 17.3% while the RCR and OCR made up 42.3% and 40.4% The respective top-selling projects in the CCR are One Draycott, followed by The Reserve Residences in the RCR, and Lentor Hills Residences in the OCR There may be another 4 project launches with a total of 1,048 units in the last quarter of...
There was no major project launches in September 2023 hence pulling down monthly sales. 217 private residential units were sold in September 2023, 44.9% lower than in August 2023. Huttons estimates developer sales to be between 5,200 and 5,500 units in the first nine months of 2023. Hillock Green, J’den, Mattar Residences and Watten House are likely to be launched for sale in 4Q...
Despite the 5 months wait from the last BTO exercise in May 2023, there was no noticeable increase in demand for Oct 2023 BTO exercise. Whether it is a sign of slowing interest in BTO flats, more time is needed to make a conclusion as there was a policy change for Oct 2023 BTO exercise. The response can be described as under-whelming. As of 5pm on 10 Oct 2023, there were slightly more than 9,800...
