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
