Developers sold 820 private homes in June

By Tan Chee Yuen / The Edge Property | July 17, 2017 1:43 PM SGT
Updated, July 20, 2017, 3:35 p.m., to add Desmond Sim's response as published in The Edge Property Pullout, Issue 789 (July 24, 2017) of The Edge Singapore.
Developers sold 820 private homes in June, down 26.7% from 1,039 in May. The 26-unit Park 1 Suites in Geylang was the only new project launched in the month.
The best-selling private project was The Santorini that saw 75 sold at a median price of $1,026 psf. This was followed closely by Parc Riviera (55 units sold at a median price of $1,218 psf) and Commonwealth Towers (47 units at a median price of $1,899 psf).
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In the executive condominium segment, 244 units were sold in June. Sol Acres topped the chart with 41 units sold at a median price of $829 psf. The Visionaire trailed with 35 units sold at a median price of $811 psf, followed by Signature at Yishun with 30 units at $757 psf.
Desmond Sim, CBRE’s head of Singapore and Southeast Asia research, attributes the increase in buyer interest in the top-selling projects to factors such as the recent bullish land bids by local and foreign developers on sites released under the Government Land Sales programme, as well as the lack of new launches in June.
Best-selling private projects in June 2017
Project Name
Street Name
Units Launched in the Month
Units Sold in the Month
Total Number of Unsold Units
Median Price ($psf)
Tampines Street 86
0
75
64
1,026
West Coast Vale
15
55
184
1,218
Commonwealth Towers
Commonwealth Avenue
0
47
122
1,899
Mount Sophia
0
44
210
1,978
Kingsford Waterbay
Upper Serangoon View
0
36
419
1,210

Source: URA, The Edge Property

Best-selling EC projects in June 2017
Project Name
Street Name
Units Launched In The Month
Units Sold In The Month
Total Number Of Unsold Units
Median Price ($psf)
Sol Acres
Choa Chu Kang Grove
0
41
88
829
Canberra Drive
0
35
131
811
Signature at Yishun
Yishun Street 51
0
30
266
757
Westwood Avenue
0
29
34
795
Northwave
Woodlands View
0
26
202
758

Source: URA, The Edge Property