The Top 5 Best Selling Project During June

kingsford-waterbay
Image credit from http://www.kingsfordwaterbaycondos.com

Property developers sold 536 private residential units, excluding executive condominiums (ECs) last month, down 50 percent from the 1,065 units sold in May, shown latest data from the Urban Redevelopment Authority (URA).

There were three reasons for the fall in seasonal effects of the June school holidays, sales, specifically selective purchasing opinions and no new important starts, said PropNex Realty.

Only 234 new private units were established in June, down 80 percent from May. Meanwhile, no new ECs were established in the month.

“The upcoming launches of Gramercy Park and Lake Grande will help to boost quantity as developers look to step up their launch activities before the Hungry Ghost Festival hits in August.”

Meanwhile, the five top-selling projects were The Vales EC, Kingsford Waterbay, The Glades, Kingsford Hillview Peak and Bellewaters EC.

1. Bellewaters EC (OCR)
Developer: Qingjian Realty
Tenure: 99-year leasehold
Location: Anchorvale Crescent (D19)
Nearest MRT station: Sengkang MRT
Median price: $804 psf
Total no. of units: 651
Sales update: 43 units sold in June
2. Kingsford Waterbay
Developer: Kingsford Development
Tenure: 99-year leasehold
Location: Upper Serangoon View (D19)
Nearest MRT station: Hougang MRT
Median cost: $1,185 psf
Overall no. of units: 1,165
Sales upgrade: 34 units sold in June
3. The Glades
Developer: Keppel Land and China Vanke
Tenure: 99-year leasehold
Location:
Nearest MRT station:
Median cost: $1,402 psf
Overall no. of units: 726
Sales update: 32 units sold in June
4. Kingsford Hillview Peak
Developer: Kingsford Development
Tenure: 99-year leasehold
Location: Hillview Avenue
Nearest MRT station: Hillview MRT
Median cost: psf $1,315
Entire no. of units: 512
Sales upgrade: 31 units sold in June
5. The Vales EC
Developer: SingHaiyi Group and Kay Lim Investment
Tenure: 99-year leasehold
Place: Sengkang (D19)
Nearest MRT station: Sengkang MRT
Median price: $779 psf
Overall no. of units: 517
Sales upgrade: 28 units sold in June

Posted in Investment Tips

Leave a Reply

Your email address will not be published. Required fields are marked *

*