Investment sales in the residential market accounted for 55 percent or S$3.3 billion of the total S$6.0 billion transaction volume recorded in Q2 2013, according to Savills.
Within the quarter, there were seven residential sites awarded under the Government Land Sales (GLS) Programme at a total value of around S$2.1 billion.
Despite June’s strong residential property sales, developer Wing Tai did not sell any units from its projects, according to Nomura.
But other developers had their fair share of sales in the month. CapitaLand found buyers for 40 units, of which 15 were at d’Leedon and 16 at the Interlace. With only five units sold in June, sales at Sky Habitat (pictured) have climbed slowly to 32.6 percent.
A total of 376 units were taken up at City Developments’ projects, and included 272 units at Jewel @ Buangkok, 13 units at D’Nest, 14 units at Echelon and 61 units at Bartley Ridge.
“Keppel Land sold 20 units in June, which consisted of 18 units sold at Corals at Keppel Bay and two units sold at Marina Bay Suites…UOL sold three units at Spottiswoode Residences which has now achieved 99.4 percent sold out status. Its other projects are sold out,” Nomura added.
Romesh Navaratnarajah, Senior Editor at PropertyGuru, wrote this story. To contact him about this or other stories email romesh@propertyguru.com.sg
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