More new ECs sold in January

Developer sales continued to dwindle in January 2016 with 322 new private homes sold, a 16% decline from 384 units sold in December 2015 and 14% y-o-y drop.
The Poiz Residences by MCC Land remained the best performing development in terms of sales volume, with 26 units sold in the month at a median price of $1,416 psf. Trailing closely is Kingsford . Hillview Peak and Sims Urban Oasis, both with 21 units sold at a median transacted price of $1,277 psf and $1,405 psf respectively.
Executive Condominiums (EC) bucked the trend with 156 units snapped up in the month, a 26% uptick from 124 units sold in December 2015. The Amore in Punggol topped the chart with developers effecting 24 deals in the month at a median price of $799 psf. The Brownstone at Canberra Drive, Sembawang, came in second with 21 new ECs sold at a median price of $810 psf followed by The Vales at Anchorvale Crescent, Sengkang, with 16 units sold at a median price of $803psf.
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Top selling private projects in January 2016
Project Name
Street Name
Cumulative Units Launched to-date
Cumulative Units Sold to-date
Total Number of Unsold Units
Units Launched in the Month
Units Sold in the Month
Median Price ($psf)
The Poiz Residences
Meyappa Chettiar Road
370
349
382
20
26
1,416
Kingsford . Hillview Peak
Hillview Rise
512
263
249
-
21
1,277
Sims Urban Oasis
Sims Drive
450
414
610
-
21
1,405
Botanique At Bartley
Upper Paya Lebar Road
700
617
180
-
19
1,319
The Panorama
Ang Mo Kio Avenue 2
600
572
126
-
14
1,259

Source: URA, The Edge Property

Top selling EC projects in January 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 Amore
Edgedale Plains
378
199
179
-
24
799
The Brownstone
Canberra Drive
638
345
293
-
21
810
The Vales
Anchorvale Crescent
517
172
345
-
16
803
Bellewaters
Anchorvale Crescent
651
418
233
-
14
798
Sol Acres
Choa Chu Kang Grove
707
378
949
-
13
806

Source: URA, The Edge Property