Developers sold 1,178 private homes in July 2019, up 43.5 per cent from the 821 units they moved in the previous month, but down 31.7 per cent from the 1,724 units they found buyers for, in July 2018. The figures - which exclude executive condominium (EC) units - were released by the Urban Redevelopment Authority (URA) on Thursday based on its survey of licensed housing developers. Including ECs,...
new launches
Some developers are dangling fatter commissions to incentivise property agents to help clear inventory. A check with property agents suggested that commissions in some cases could rise to 3-4 per cent, or more. Developers may also wheel out incentives or a cash bonus when it comes to units that are harder to sell, such as ground-floor units or units with a less-attractive facing, as agents need to work...
Bookings for Piermont Grand Executive Condominium (EC)–the first and likely sole EC launch this year – commenced on Saturday, 27 July 2019 for eligible buyers. As of 6pm on Sunday, 28 July 2019, 375 units (46%) of 820 units have been snapped up by eligible buyers. This makes Piermont Grand by far the best-selling property launch in 2019. Eligible second-time buyers accounted for about 65% of the units...
Property developer Fragrance Group will be launching the sale of its Jervois Treasures condo in prime District 10 on Saturday with prices starting from S$1.37 million for a one-bedroom apartment. Located at Jervois Road in the Tanglin area, the five-storey luxury development has 36 units, comprising one- to three-bedroom units of 506 to 1,432 sq ft. Prices for two-bedroom units start from S$1.64...
One Pearl Bank, the 99-year leasehold condo by CapitaLand, sold 160 units at an average price of S$2,400 per sq ft (psf) over the launch weekend. That translates to 80 per cent of the 200 units CapitaLand has released during the weekend, and about 20.7 per cent of the development's 774 units in all. The most popular apartment types were the one-bedroom and two-bedroom units, which accounted for 56...
Developers in Singapore sold 821 private homes in June, down 13.8 per cent from the 952 units they moved in May, but 25.5 per cent higher than the 654 units they sold in June last year. This came as 670 private homes were launched last month, down from 1,394 units in May as well as the 726 units in June last year. There were only four new projects - Sky Everton, Lattice One, Seraya Residences and...
Apartments at One Pearl Bank condominium will go on sale from Jul 20, with prices starting at S$970,000 for studio units. Built on the site of the former Pearl Bank Apartments, which was one of Singapore’s architectural icons, the 99-year leasehold development is expected to be completed by 2023. It comprises 774 units, ranging from studio apartments to penthouses of between 431 sq ft and 2,788 sq...
Strategically located in the highly sought-after Handy Road residential area in District 9, Haus on Handy is just a two minutes’ walk to the Dhoby Ghaut MRT interchange for the North-South, North-East and Circle Lines. Haus on Handy is close to Plaza Singapura shopping mall and a host of cafes, restaurants, parks and entertainment facilities such as cinemas, concert halls and art galleries. Several...
Units at upcoming freehold Bukit Timah condo Juniper Hill, at Ewe Boon Road, will be up for sale on July 13, developer Allgreen Properties Ltd said in a media statement on Thursday. Prices start from S$1.6 million for a two-bedroom unit, and S$6.1 million for a five-bedroom unit. Units range from 581 to 2,217 square feet (sq ft) in size, with prices ranging from S$2,600 to S$2,900 per square...
Private previews for condominium Cuscaden Reserve in the centre of Orchard Road are expected to start in the third quarter of the year. Singapore luxury property developer SC Global Developments, Hong Kong-listed developers and hotel operators New World Development and Far East Consortium won the tender for the 99-year leasehold site with a joint bid of S$410 million in April last year - a bid which set...