Units sold in developments located within the OCR and the RCR made up 35.5% and 46.6% of the total sales, while the CCR accounted for 18%.
Singapore’s private non-landed market continues to be in healthy demand as the latest developer’s sales see 133 units sold for the week of 2-8 Nov, according to a report by real estate agency Huttons Asia.
Units sold in developments located within Outside of Central Region (OCR) and the Rest of Central Region (RCR) made up 35.5% and 46.6% of the total sales, while the Core Central Region (CCR) accounted for 18%.
The overall best selling mass market project goes to The Garden Residences, with 13 units sold. The 99-year leasehold condominium is located centrally within Serangoon (District 19), and is near its TOP in 2021.
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Coming in close second is Forett at Bukit Timah on District 21 with 11 units sold, making it the highest sold development within the West Zone. This was first large-scale project to launch after Phase 2 of the reopening of Singapore’s economy.
Treasure at Tampines sold 6 units, and is the best selling development in the East Zone. With 2,203 units, this District 18 property is also currently the largest condominium in Singapore.
Within the CCR, Nouvel 18 continues to see a sustained interest from high-net-worth individuals with 5 units sold, and Riviere has seen a renewed interest with substantial promotion rolled out.
Lee Sze Teck, Director of research at Huttons Asia, observes that the market appears to have settled into “a comfortable pace of between 130 and 150 units per week after stricter regulations on the reissue of options.”
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Lee expects the market to see more movement new launches appear in the weeks ahead, starting with The Linq @ Beauty World on 14 November. The freehold mixed-use development on Upper Bukit Timah Road will have half its units overlooking the Bukit Timah Nature Reserve, while the other half will have views of the development’s swimming pool.
The Linq @ Beauty World’s showflat, located at 118 Upper Bukit Timah Road, with the entrance along Bukit Timah Link, is open for preview by appointments only.
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