Buyers flocked to city fringe in November

By Esther Hoon / The Edge Property | December 15, 2015 3:00 PM SGT
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Developer sales took off in November on the back of plum launches at the city-fringe. Buyers snapped up 759 private homes from developers in November, 39% higher than in October and 79% higher year-on-year.
The Poiz Residences by MCC Land was the top-performing project in November with 277 units sold at a median price of $1,440 psf. CapitaLand’s Sky Vue took the second spot with 59 units sold at a median price of $1,522 psf, followed by UOL Group’s Principal Garden with 45 units sold $1,626 psf median price. CapitaLand has released an additional 164 units for sale at Sky Vue following its launch in September 2013.
Developers launched a total of 734 new private homes in November, of which 85% or 621 units were in the city-fringe, followed by 15% or 109 units inthe mass market segment.
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Separately, developers sold 186 executive condominiums in November. City Developments Limited sold 33 units at The Brownstone at a median price of $821 psf. Sol Acres trailed closely with 24 units sold at a median price of $780 psf. No new ECs were launched in November.
Top three best-selling private housing projects in November
Project Name
Segment
Total no. of units
Cumulative units sold-to-date
No. of units sold in November
Median Price ($psf) in November
RCR
731
277
277
1,440
RCR
694
571
59
1,522
RCR
663
157
45
1,626

Source: URA, The Edge Property

Top three best-selling EC Projects in November
Project Name
Segment
Total no. of units
Cumulative units sold-to-date
No. units sold in the month
Median Price ($psf) in November
OCR
731
350
33
821
OCR
694
694
24
780
OCR
663
200
22
765

Source: URA, The Edge Property


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