2020BEST SELLINGPROJECTS IN SINGAPORE
New Home Sales for May could Surprise
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New private home sales in the month of May could end up higher than initially projected, at about 480 units based on caveats lodged to date, estimates Ismail Gafoor, CEO of PropNex Realty. This is 73% higher than the 277 new homes sold in April. Since the circuit breaker period started on April 7, no physical viewing of properties has been allowed. Developers’ sales galleries have also remained closed until further notice. So what are these projects that made Singaporean and investors enter the market now?
Source: SINGAPORE EDGEPROP
8 Top Selling Projects
Marina One Residences
D01
Boat Quay/ Raffles Place
Parc Clematis
D05
Buona Vista/ West Coast
Kopar At Newton
D09
Orchard/ River Valley
The Best Units in these Top Selling Projects Are Taken Up Fast
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According to ERA, about 53% of the deals done in the five weeks from May 4 to June 7 were for new projects, with the remaining 47% being private resale transactions. “This implies that more are buying with a longer-term perspective — that’s why we see more new project sales than resale transactions,” says Eugene Lim, KEO of ERA.
For property agents, the extended circuit breaker period is a time when “the market has undergone a reset”, notes Lim. “There was also reinvention as virtual viewings and closings took centre stage,” he adds. “In the post-circuit breaker period, we expect markets to gradually reopen and recover. This means we expect demand and transactions to pick up, and prices to gradually recover.”
Source: SINGAPORE EDGEPROP
The Best Units in these Top Selling Projects Are Taken Up Fast
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