Developer sold 301 private homes in February

Tan Chee Yuen

/ The Edge Property

March 15, 2016 4:00 PM SGT

propertyeditor@edgeprop.sg

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Developer sold 301 private homes in February, 6.8% lower compared to 323 units sold in January or 23% y-o-y decline.

Apart from 183 Longhaus which launched 20 units for the first time, all the new launches in January came from existing projects such as The Trilinq (70 units), Principal Garden (50 units), Sims Urban Oasis (50 units), Symphony Suites (10 units) and Leedon Residence (4 units). Developers launched 209 private homes in February, up 31.4% from 159 units in January.

The Panorama and Kingsford Waterbay were the best-selling projects in February. Both with 18 units sold at a median price of $1,211 psf and $1,127 psf respectively. Trailing closely was UOL Group’s Principal Garden which had 16 units sold at a median price of $1,496 psf.

Sales of Executive Condominium (EC) dipped 17% with 129 units moved in February, compared to 156 units sold in January. The Terrace in Punggol led the pack after having 23 units sold at a median price of $782 psf. On the second spot was The Vales in Sengkang with 17 units sold at a median price of $798 psf. Sol Acres and The Amore trailed closely with both projects saw 14 units sold at a median price of $808 psf and 782 psf respectively. No new ECs were launched in February.

Top selling private projects in February 2016

Project Name	Street Name	Cumulative Units Launched to-date	Cumulative Units Sold to-date	Total Number of Unsold Units	Units Launched in the Month	Units Sold in the Month	Median Price ($psf)
The Panorama	Ang Mo Kio Avenue 2	600	583	115	0	18	1,211
Kingsford Waterbay	Upper Serangoon View	384	348	817	0	18	1,127
Principal Garden	Prince Charles Crescent	250	180	483	50	16	1,612
Symphony Suites	Yishun Close	220	219	441	10	15	1,042
Kingsford . Hillview Peak	Hillview Rise	512	278	234	0	15	1,284

Source: URA, The Edge Property

Top selling EC projects in February 2016

Project Name	Street Name	Cumulative Units Launched to-date	Cumulative Units Sold to-date	Total Number of Unsold Units	Units Sold in the Month	Median Price ($psf)
The Terrace	Edgedale Plains	747	351	396	23	782
The Vales	Anchorvale Crescent	517	189	328	17	798
Sol Acres	Choa Chu Kang Grove	707	390	937	14	808
The Amore	Edgedale Plains	378	213	165	14	782
Bellewaters	Anchorvale Crescent	651	428	223	12	782

Source: URA, The Edge Property

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