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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.

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
The Poiz Residences	RCR	731	277	277	1,440
Sky Vue	RCR	694	571	59	1,522
Principal Garden	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
The Brownstone	OCR	731	350	33	821
Sol Acres	OCR	694	694	24	780
Skypark Residences	OCR	663	200	22	765

Source: URA, The Edge Property

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