Tag Archives: Lakeville

4 best-selling condo projects in Sept

Sales of new private homes picked up in September, with property developers selling 648 units last month, 50 percent more than the 432 units sold in the month before, according to URA data released on Wednesday.

New project launches in the month such as Highline Residences and Seventy Saint Patrick’s contributed to the improved sales.

Mohamed Ismail, CEO of real estate agency PropNex said: “Developers will remain focused on moving units by attractively pricing the new projects and September saw some of these projects that are centrally located drawing the attention and interest.

“We predict that home seekers will remain selective for the remainder of the year, with a project’s location and price points as the main drivers of demand,” he added.

Here’s a look at the top four best-selling projects in September – Highline Residences, Seventy Saint Patrick’s, Lakeville and Eight Riversuites.

1. Highline Residences (RCR)
Developer: Keppel Land
Tenure: 99-year leasehold
Nearest MRT station: Tiong Bahru
Median price: $1,848 psf
Sales update: 160 units launched out of an available 500 units. 142 sold last month.

2. Seventy Saint Patrick’s (OCR)
Developer: UOL Group
Tenure: Freehold
Nearest MRT station: Kembangan
Median price: $1,652 psf
Sales update: 140 units launched out of a total 186 units. 110 sold last month.

3. Lakeville (OCR)
Developer: MCL Land
Tenure: 99-year leasehold
Nearest MRT station: Lakeside
Median price: $1,274 psf
Sales update: 350 units launched out of a total 696 units. 42 sold last month.

4. Eight Riversuites (RCR)
Developer: UE Development
Tenure: 99-year leasehold
Nearest MRT station: Boon Keng
Median price: $1,388 psf
Sales update: All 862 units have been launched. 21 sold last month.

Outside Central Region (OCR) units most sought after in August

Sales in the Outside Central Region (OCR) made the greatest contribution to new home sales in August, according to an OrangeTee report.

Sales in the OCR totalled 223 units making up 51.6 percent, while sales in Core Central Region (CCR) went down to 44 units and the Rest of Central Region (RCR) also dipped to 165 units, translating to 10.2 percent and 38.2 percent respectively.

“In August, the aggregate number of sales eased 42.9 percent, compared with the same period of last year.”

The report also noted the bestselling project in August was The Panorama , which sold 40 units out of 54 units launched at a median price of $ 1,249 psf.

Best-selling projects in August 2014

Located at Ang Mo Kio, the 698-unit residential project is developed by Wheelock Properties Singapore and will be ready in 2019. The project is near CHIJ St Nicholas’ Girls School and is a short walk away from the upcoming Mayflower MRT station on the Thomson-East Coast Line.

Coco Palms in Pasir Ris was in second place, selling 23 units out of 30 units launched at a median price of $1,046 psf. “Noticeably, this development has seen quite decent monthly sales so far this year,” the report added.

The 944-unit project by City Developments Limited is slated to be ready in 2019.

Image source: thepanorama.org