About Increased Sales of New Private Condos in Two Months in 2021 | On April, Thursday, the Urban Redevelopment Authority stated that, apart from executive condo, there was a double sale of new private homes in Singapore. In March, 2021, the units soared to 1,296 from 645 units in February.
Yearly, the developers’ sales skyrocketed to 94.4% from 660 units in March 2020.
The Head of Research for Singapore at Colliers International Tricia Song added that “The rise in March sales brought the developers sales to 3,573, that’s 66.3% in 2021 compared to the similar period the previous year. And also, Q2 2013’s 4,538 units were seen, which facilitated the 8 rounds of cooling measures.
Developers sold 77 ECs in March including private housing and hybrid of the public that was down as 30.6% as 111 units transacted in February. In addition, the Senior Vice President of Research and Analytics at Orange Tee and Tie said that investors displayed new interest in the lucrative property segment as sales of brand homes enclosed within the prime districts increased firmly at the previous month.
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In the same vein, 546 lucrative homes were changed in the Core Central Region (CCR) 9 times from the fifty-eight units transacted in February. The increase in sales in the Core Central Region was propelled by Midtown Modern’s launch. The top-selling development In March, which was 558 units, sold 65.9% or 368 units of its whole project, amounting to 28.4% of the total sales made by the developers’.
CCR enumerated bulk sales of new homes of 42.1% last month when the Midtown Modern sales increased as well.
Read on more upcoming launches by visiting new launch in District 27, The Watergardens at Canberra as well as The Commodore. Another new launch in district 19 by Wee Hur, the Bartley Vue or a Freehold strata landed development, Belgravia Ace.