In the latest URA sales data, developers sold a total of 618 units (excluding ECs) in January.
Interestingly, this figure is also the highest January sales figure since 2013. Sales were also 14.9% higher compared to December 2019, and 41.3% higher compared to January 2019.
“We believe the sales volume in January reflected the underlying demand for homes, with competitively priced projects gaining a fair share of buyers,” said Tricia Song, Head of Research for Singapore at Colliers International.
Top 10 Best-Selling Projects in January 2020 (including EC)
JadeScape
Qingjian Realty (Marymount)
RCR
1,206
800
625 (56 sold in Jan 2020)
$1,690
Treasure at Tampines
Sim Lian Group
OCR
2,203
950
921 (50 sold in Jan 2020)
$1,371
Parc Esta
MCL Land
RCR
1,399
1,075
1,053 (44 sold in Jan 2020)
$1,685
Parc Botannia
Fervale Green
OCR
735
735
708 (39 sold in Jan 2020)
$1,371
Parc Clematis
SingHaiyi Gold
OCR
1,468
665
564 (39 sold in Jan 2020)
$1,610
Leedon Green
Yanlord Land Group and MCL
CCR
638
50
35 (35 sold in Jan 2020)
$2,782
The Avenir
GuocoLand
CCR
376
40
24 (24 sold in Jan 2020)
$3,245
Piermont Grant
CDL and TID Pte Ltd
OCR
820
820
475 (20 sold in Jan 2020)
$1,091
Avenue South Residence
UOL Group
RCR
1,074
500
460 (18 sold in Jan 2020)
$2,028
View At Kismis
Roxy-TE2 Development
RCR
186
80
69 (16 sold in Jan 2020)
$1,698
Source: URA
Meanwhile, January’s sales was led by projects in the Rest of Central Region (RCR), which accounted for 41.9% of the total sales (excluding EC), followed by the Outside Central Region (OCR) at 36.6%, according to Christine Sun, Head of Research & Consultancy at Orange Tee & Tee.
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"The proportion of sales in the luxury segment or Core Central Region (CCR) rose to its highest level since January 2019 (29.8 per cent) at 21.5 per cent. The higher luxury sales proportion could be attributed to more high-end projects launched in January, including the 376-unit The Avenir, 638-unit Leedon Green and 69-unit Van Holland, which collectively sold 74 units last month," Christine says.
New Property Launches in January 2020
Leedon Green
Asia Radiant Pte Ltd
CCR
638
50 (35 sold in Jan 2020)
$2,782
The Avenir
GuocoLand Limited
CCR
376
40 (24 sold in Jan 2020)
$3,245
Van Holland
Koh Brothers
CCR
69
69 (15 sold in Jan 2020)
$2,988
Source: URA
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