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Developers sold 820 private homes in June

By Tan Chee Yuen

/ The Edge Property |

July 17, 2017 1:43 PM SGT

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Updated, July 20, 2017, 3:35 p.m., to add Desmond Sim's response as published in The Edge Property Pullout, Issue 789 (July 24, 2017) of The Edge Singapore.

Developers sold 820 private homes in June, down 26.7% from 1,039 in May. The 26-unit Park 1 Suites in Geylang was the only new project launched in the month.

The best-selling private project was The Santorini that saw 75 sold at a median price of $1,026 psf. This was followed closely by Parc Riviera (55 units sold at a median price of $1,218 psf) and Commonwealth Towers (47 units at a median price of $1,899 psf).

In the executive condominium segment, 244 units were sold in June. Sol Acres topped the chart with 41 units sold at a median price of $829 psf. The Visionaire trailed with 35 units sold at a median price of $811 psf, followed by Signature at Yishun with 30 units at $757 psf.

Desmond Sim, CBRE’s head of Singapore and Southeast Asia research, attributes the increase in buyer interest in the top-selling projects to factors such as the recent bullish land bids by local and foreign developers on sites released under the Government Land Sales programme, as well as the lack of new launches in June.

Best-selling private projects in June 2017

Project Name	Street Name	Units Launched in the Month	Units Sold in the Month	Total Number of Unsold Units	Median Price ($psf)
The Santorini	Tampines Street 86	0	75	64	1,026
Parc Riviera	West Coast Vale	15	55	184	1,218
Commonwealth Towers	Commonwealth Avenue	0	47	122	1,899
Sophia Hills	Mount Sophia	0	44	210	1,978
Kingsford Waterbay	Upper Serangoon View	0	36	419	1,210

Source: URA, The Edge Property

Best-selling EC projects in June 2017

Project Name	Street Name	Units Launched In The Month	Units Sold In The Month	Total Number Of Unsold Units	Median Price ($psf)
Sol Acres	Choa Chu Kang Grove	0	41	88	829
The Visionaire	Canberra Drive	0	35	131	811
Signature at Yishun	Yishun Street 51	0	30	266	757
Westwood Residences	Westwood Avenue	0	29	34	795
Northwave	Woodlands View	0	26	202	758

Source: URA, The Edge Property

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