Number Of New Private Home Units Sold In March Had Doubled Compare To Last Year

Number Of New Private Home Units Sold In March Had Doubled Compare To Last Year

716 new private residence systems were marketed in March, 85.6% greater than the 384 offered in the month in the past. The figure is however still 60% below the 1,780 new units sold last March. Post-lunar brand-new year month shows a slower pick-up in sales. For 2018, March is the month after the lunar brand-new year as well as typically sales are slower. This year, the pick-up is less durable than in 2015 when extra systems were offered than introduced. In March last year, 1,527 brand-new residence units were launched however 1,780 marketed. This year's 716 units offered in March brought the first quarter's numbers to 1,627, down 12.7% from Q4 of 2017. Sales at the new condo, The Tapestry, in Tampines did, nevertheless, offer the numbers a boost.

The Tapestry is last month's top-selling brand-new residential property. 329 systems were cost The Tapestry last month at a median cost of $1,408 psf, making it the top-seller. Grandeur Park Residences in Bedok South Method followed suit with the sale of 40 units. Various other growths which moved between 20 to 40 units each in March included Trademark executive condominium (EC) in Yishun, Kingsford Waterbay, Parc Botannia condominium, Treasure Residences and also Martin Modern. Some recent brand-new project launches consisted of The Verandah Residences as well as Park Area Residences. 129 from 170 units at the former were sold at their first-weekend launch earlier this month while 149 units were sold at the later in Phase 2 of its launch. Over on the EC front, new home sales are expected to get with last weekend's launch of Rivercove Residences in Sengkang. 80% of its 628 units were sold at a mean price of $956 psf.