During the month of July, the developers moved about 1,921 numbers of units along with the executive condominiums having a 150 percent more than 768 numbers of units from the month of June. The reason for this rise in sales was primarily influenced by the newly-released projects. Included in these projects are the Treasure Crest executive condominium of Sim Lian Group located at Anchovale Crescent and the Lake Grande fronting the known Jurong Lake. Despite the rise, the sales descended year over year from 2,151 numbers of units in the last year of July for a down of 10.7 percent.
The Head of CBRE research of South East Asia and Singapore, Mr. Desmond Lim, mentioned that sales data for the month of July this year points out the continuous pulling for the depot of units that were unsold from the continuing projects. The known corporate group is expected to be not amazed to see other stand-in sites started before the year ends, and this prevailing state shall continue.
Having sold 464 units last month at a rate of $1,368 price per square foot, the Lake Grande condominium, developed by MCL land, was the best-selling project. Coming next were and lastly is The Glades, by Sherwood development Pte Ltd, for having 35 sold units for an amount of $1,413 price per square foot and the Trilinq Condominium, of the Clementi development Pte Ltd, for having 42 sold units for an amount of $1,393 price per square.
Because of the government’s improvement proposal for Lakeside Gateway, Lake Grande has been considered a worthy reception. The Lakeside Gateway will soon be developed into a home and a new section for business for the future station end of the accelerated rail of Kuala Lumpur-Singapore.
According to Eugene Lim, the key executive officer ERA, the forthcoming developments in the Jurong Lake District draw the attention of the buyers. Included in these developments are the accelerated rail and Jurong Innovation District which are both subjected for completion by the year 2026.
In the executive condominium’s portion, the sales hurdled to 258 percent to 830 units sold in July from the previous month having only 232 units sold. Treasure Crest had the biggest sales with 398 sold units for a middle price of $751 price per square foot. Trailing behind is the Bellewaters (located at Anchorvale Crescent in District 19) having 70 sold units for a middle price of $790 price per square foot. Sol Acres (near Jurong East Regional Centre) is the last in the list having the lowest number of sold units (about 43 units) for a middle price of $796 price per square foot.
Mr. Eugene Lim also noted that the Treasure Crest was able to sell well due to its good location, affordable price, and the well-designed output.