This week in property: Highlights from July 16 to July 20

By EdgeProp Singapore / EdgeProp | July 20, 2018 5:01 PM SGT
Property highlights of the week from July 16 to July 20:
Despite the property cooling measures introduced a week before, Daintree Residence's preview weekend still drew a crowd of 3,000 (Credit: SP Setia)
Last weekend (July 14 and 15) saw the preview of Daintree Residence, Malaysian developer SP Setia’s latest project in Singapore. The 327-unit, low-rise condominium is located on Toh Tuck Road, in a quiet residential area off Upper Bukit Timah Road.
Even though it was just over a week after the Government’s ninth round of property cooling measures took effect on July 6, there was a crowd of 3,000 at the sales gallery over the preview weekend.
Given Daintree Residence’s location, it appeals to families that want to live near top schools such as Methodist Girls’ School, Hwa Chong Institution, National Junior College and Ngee Ann Polytechnic. There are also international schools nearby — DIMENSIONS International College, German European School, Singapore Korean International School and Swiss School.
Daintree Residence will be priced at an average of $1,800 psf. This puts it in line with recent launches in the Rest of Central Region (RCR), for instance, the 805-unit Park Colonial at Woodleigh and the 1,259-unit Stirling Residences on Stirling Road in Queenstown.
The top five private residential projects for June 2018 were Margaret Ville (shown), Affinity at Serangoon, Twin Vew, The Garden Residences and 120 Grange.
Private new home sales took a hit in June as new projects were being launched at new benchmark prices.
The developers’ sales survey by the URA for June showed that developers sold 42% less private homes (654 units excluding executive condominiums or ECs) on a month-on-month...