According to mid-month data from the Urban Redevelopment Authority (URA), property developers sold 613 private homes in March 2015 excluding executive condominiums, representing a 60 percent increase from the previous month when 390 units were taken up.
There were 400 private units launched for sale in March, up 12 percent from February when there was a slowdown in project launches due to the Chinese New Year period.
According to PropNex Realty, the combination of more new units launched for sale and reasonable prices in an increasingly price sensitive market drew bargain-hunting home buyers back to showflats.
Despite the weakened sentiment for buying Singapore property, last month’s sales shows that underlying demand is still good if prices are attractive, noted the agency.
Here are the four best-selling projects in March as compiled by PropNex: Kingsford Waterbay, Sims Urban Oasis, City Gate and The Skywoods.
1. Kingsford Waterbay (OCR)
Developer: Kingsford Development
Tenure: 99-year leasehold
Location: Upper Serangoon View (D19)
Nearest MRT station: Hougang
Median price: $1,111 psf
Total no. of units: 1,165
Sales update: 155 units of the 314 units launched were sold.
2. Sims Urban Oasis (RCR)
Developer: GuocoLand
Tenure: 99-year leasehold
Location: Sims Drive (D14)
Nearest MRT station: Aljunied
Median price: $1,401 psf
Total no. of units: 1,024
Sales update: 107 units sold last month.
3. City Gate (RCR)
Developer: Fragrance Group and World Class Land
Tenure: 99-year leasehold
Location: Beach Road (D07)
Nearest MRT station: Nicoll Highway
Median price: $1,905 psf
Total no. of units: 311
Sales update: 28 units sold last month.
4. The Skywoods (OCR)
Developer: Hock Lian Seng Holdings & TA Corporation and King Wan Development
Tenure: 99-year leasehold
Location: Dairy Farm Heights (D23)
Nearest MRT station: Hillview (future)
Median price: $1,186 psf
Total no. of units: 420
Sales update: 27 units sold last month.
Image: Artist’s impression of Kingsford Waterbay condo.
Romesh Navaratnarajah, Singapore Editor at PropertyGuru, wrote this story. To contact him about this or other stories email romesh@propertyguru.com.sg
