When High Park Residences was launched last July, it immediately flourished in the market causing the sales of private homes in Singapore to intensify and now considered the highest record in the past two consecutive years.
During the month of June, developers only sold as much as 375 new residential units. But it went up in July when it reached 1,594 sold units during the said month. This is quite unexpected and the latter figure was more than four times as much compared to its preceding sales. This was the information released by the Urban Redevelopment Authority last August 17.
The URA also mentioned that there were 1,186 units that were launched by High Park Residences and it immediately sold 1,169 units thus, accounting for the majority of sales in July.
Other developers also had several units launched last month which gave a total of 1,468 when added all together. This was the highest record so far since June 2013 where developers launched about 1,768 homes and more than 1,800 units were sold during the same period.
If segregating the sales across the region, there were only 49 units sold in central region during June and 61 units sold during July. The developments at the city sold 79 units in June and only 69 homes in July. The suburbs had the most number of sold units in July with 1,464 homes compared to 247 units only in June.
These figures don’t include the executive condominiums sold across Singapore just yet. Including the likes of other developments Botanique @ Bartley, North Park Residences or Adana at Thomson, it would sum up to 2,089 units sold for the month of July, whereas only 485 units were sold in June in total.
Also launched in July, the Brownstone executive condominium sold as much as 187 units already with their price starting at $818 per square foot.