Sales of new private homes picked up in September, with property developers selling 648 units last month, 50 percent more than the 432 units sold in the month before, according to URA data released on Wednesday.
New project launches in the month such as Highline Residences and Seventy Saint Patrick’s contributed to the improved sales.
Mohamed Ismail, CEO of real estate agency PropNex said: “Developers will remain focused on moving units by attractively pricing the new projects and September saw some of these projects that are centrally located drawing the attention and interest.
“We predict that home seekers will remain selective for the remainder of the year, with a project’s location and price points as the main drivers of demand,” he added.
Here’s a look at the top four best-selling projects in September – Highline Residences, Seventy Saint Patrick’s, Lakeville and Eight Riversuites.
1. Highline Residences (RCR)
Developer: Keppel Land
Tenure: 99-year leasehold
Nearest MRT station: Tiong Bahru
Median price: $1,848 psf
Sales update: 160 units launched out of an available 500 units. 142 sold last month.
2. Seventy Saint Patrick’s (OCR)
Developer: UOL Group
Tenure: Freehold
Nearest MRT station: Kembangan
Median price: $1,652 psf
Sales update: 140 units launched out of a total 186 units. 110 sold last month.
3. Lakeville (OCR)
Developer: MCL Land
Tenure: 99-year leasehold
Nearest MRT station: Lakeside
Median price: $1,274 psf
Sales update: 350 units launched out of a total 696 units. 42 sold last month.
4. Eight Riversuites (RCR)
Developer: UE Development
Tenure: 99-year leasehold
Nearest MRT station: Boon Keng
Median price: $1,388 psf
Sales update: All 862 units have been launched. 21 sold last month.
Image: Crowds at the launch of Seventy Saint Patrick’s last month.(Photo by UOL)
Romesh Navaratnarajah, Singapore Editor of PropertyGuru Group, wrote this story. To contact him about this or other stories email romesh@propertyguru.com.sg
