4 best-selling condos in Oct

Romesh NavaratnarajahNovember 19, 2014

Property developers sold 765 residential units in October, an 18 percent increase from the month before, recent data from the Urban Redevelopment Authority (URA) showed.

According to real estate agency PropNex, developers have been stepping up new launches to tap on existing demand before the festive season which sees fewer sales.

A total of 649 units were released last month, up around 26 percent from September.

Although the property market remains soft, some projects attracted relatively good sales, noted PropNex, adding that “it had to be drawn out by attractive pricing”. Another key driver is the project’s location.

Here’s a list of the four condominiums that dominated buying activity in October – Marina One Residences, Coco Palms, Lakeville and The Skywoods.

 

1. Marina One Residences (CCR)
Developer: M+S
Tenure: 99-year leasehold
Nearest MRT station: Marina Bay
Median price: $2,228 psf
Sales update: 334 units sold

 

2. Coco Palms (OCR)
Developer: CDL and Hong Realty
Tenure: 99-year leasehold
Nearest MRT station: Pasir Ris
Median price: $1,039 psf
Sales update: 34 units sold

 

3. Lakeville (OCR)
Developer: MCL Land
Tenure: 99-year leasehold
Nearest MRT station: Lakeside
Median price: $1,340 psf
Sales update: 32 units sold

 

4. The Skywoods (OCR)
Developer: Bukit Timah Green Development
Tenure: 99-year leasehold
Nearest MRT station: Hillview (completion set for 2015)
Median price: $1,267 psf
Sales update: 21 units sold

Image: Artist’s impression of Marina One Residences. (Photo by M+S)

 

Romesh Navaratnarajah, Singapore Editor of PropertyGuru Group, wrote this story. To contact him about this or other stories email romesh@propertyguru.com.sg

POST COMMENT

You may also like these articles

50 units sold at TRE Residences for $1,416 psf

TRE Residences (pictured), a condominium project in Geylang East, sold 20 percent of its 250 units during its launch over the weekend, reported the media. Unit prices stood at an average $1,416 psf

Continue ReadingNovember 18, 2014

Marina One Residences boosts October sales volume

765 private residential units were sold in October, data released by the Urban Redevelopment Authority (URA) revealed. This marks 26.3 percent month-on-month increase. Marina One Residences (pictur

Continue ReadingNovember 18, 2014

M'sian developers hit by S'pore cooling measures

Malaysian property developers that have ventured into nearby Singapore are feeling the bite of its sluggish property market and the government’s stringent curbs, according to media reports. Devel

Continue ReadingNovember 19, 2014