Which new condos sold the most units this year?
By EdgeProp Singapore
/ EdgeProp |
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)
The 805-unit Park Colonial was the first private condominium to launch in the Woodleigh area in nine years.
Located off Upper Serangoon Road, Park Colonial is right next to Woodleigh MRT station.
2-bedroom units from $940,000
3-bedroom units from $1.3 million
3) The Tapestry (Median psf price: $1,406)
Over in the East, The Tapestry features 831 units and is among the most popular projects among homebuyers.
Located along Tampines Street 86, the 99-year leasehold project features a 100m infinity pool, a sunken tennis court, a childcare centre and a pets’ pavilion.
2-bedroom units from: $700,000
3-bedroom units from: $1.08 million
4) Stirling Residences (Median psf price: $1,745)
The 1259-unit Stirling Residences is just a three-minute walk to Queenstown MRT station.
Located on Stirling Road, it comprises three towers of 38 to 40 storeys. Units from the 20th floor will have a view of the city skyline or the sea.
5) Twin Vew (Median psf price: $1,385)
The 520-unit Twin Vew rounds up the list of condo projects that sold the most number of units this year.
Located on West Coast Vale, the 99-year leasehold project is a five-minute drive from Jurong Gateway (Singapore’s second CBD), and a 20-minute drive to the CBD core and Marina Bay.
2-bedroom units from: $898,000
3-bedroom units from: $1.1 million
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