Which new condos sold the most units this year?

By
/ EdgeProp
|
December 4, 2018 4:26 PM SGT
An estimated 8,040 new private residential units were sold in the first 11 months of 2018. This is compared to the 9,339 units sold within the same time period in 2017.
The lower sales in 2018 could be attributed to the decline in new launches following the introduction of the ninth round of property cooling measures in July.
Based on URA caveats, the top 5 private residential projects that sold the most units this year were:
Source: URA, EdgeProp.sg
Of the list, Stirling Residences, Park Colonial and Riverfront Residences – whose launches were brought forward to July 5 to beat the new cooling measures that were to take effect the next day - acccounted for 23% of all private home sales in the primary market in the first 11 months of 2018.
The healthy take-up rates of these new projects, notably for those that were launched after the cooling measuers, suggests that although buyers are more cautious and price-sensitive, many would still proceed to purchase if they think that a project’s pricing is reasonable.
1) Riverfront Residences (Median psf price: $1,310)
The 1,472-unit leasehold project in Hougang sold the most units overnight following the announcement of the cooling measures, chalking up over 500 sales before the new measures took effect the next day.
2-bedroom units from: $648,000
3-bedroom units from: $1 million
2) Park Colonial (Median psf price: $1,756)