Sales of new private homes by developers increased to 1,124 units in April 2015, up 83 percent from the 613 units sold in the month before, according to data from the Urban Redevelopment Authority (URA).
The jump in April was due to the 1,344 units launched for sale in the month, a 236 percent surge from March (excluding ECs).
“The combination of more new units launched for sale and reasonable prices in the increasingly price sensitive market; together drew bargain-hunting home buyers back to showflats,” said PropNex Realty.
“April’s sales also indicated that underlying demand is present if prices are attractive, despite the relatively weak buying sentiment,” the real estate agency added.
Here are the five best-selling projects in April as compiled by PropNex: North Park Residences, Botanique at Bartley, Sims Urban Oasis, The Panorama and Symphony Suites.
1. North Park Residences (OCR)
Developer: Frasers Centrepoint Limited
Tenure: 99-year leasehold
Location: Yishun Central (D27)
Nearest MRT station: Yishun
Median price: $1,374 psf
Total no. of units: 920
Sales update: 486 of the 600 units launched were sold.
2. Botanique at Bartley (OCR)
Developer: UOL Development
Tenure: 99-year leasehold
Location: Upper Paya Lebar Road (D19)
Nearest MRT station: Bartley
Median price: $1,290 psf
Total no. of units: 797
Sales update: 254 of the 400 units launched were sold.
3. Sims Urban Oasis (RCR)
Developer: GuocoLand
Tenure: 99-year leasehold
Location: Sims Drive (D14)
Nearest MRT station: Aljunied
Median price: $1,411 psf
Total no. of units: 1,024
Sales update: 41 units sold last month.
4. The Panorama (OCR)
Developer: Wheelock Properties
Tenure: 99-year leasehold
Location: Ang Mo Kio Avenue 2
Nearest MRT station: Yio Chu Kang
Median price: $1,229 psf
Total no. of units: 698
Sales update: 39 units sold last month.
5. Symphony Suites (OCR)
Developer: EL Development
Tenure: 99-year leasehold
Location: Yishun Avenue 9
Nearest MRT station: Yishun
Median price: $1,042 psf
Total no. of units: 660
Sales update: 29 units sold last month.
Image: Facade of North Park Residences. (Source: FCL)
Romesh Navaratnarajah, Singapore Editor at PropertyGuru, wrote this story. To contact him about this or other stories email romesh@propertyguru.com.sg
