Singapore Property | Singapore’s circuit breaker was meant to last only for four weeks i.e., 7th April to 4th May. But it was extended midway by another month; there was also an order for non-essential business ventures like new condos to remain shut. This has spark complaints from property agents, while some stating how buyers would purchase properties without being able to see it in person. Recently, marketers and developers of uncompleted projects began to sense an opportunity like using virtual 360-viewings technology, marketing nous, and buyer discount. As soon as these were put in place they began closing deals.
During this season some new condominiums were ranked among the best-selling condos accounting for a massive 63% of the total launch units sold. Let’s take a look at some of these condominiums.
More on More New Launch Sales during Circuit Breaker Period
1. Parc Clematis: This condominium is located at Clementi, Singapore. It was developed by SingHaiyi Group and expected to be completed by 2023. The condo has 1,468 total units and great design. This condominium sold 47 units during the pandemic. This was accomplished by the developers who offered buyers attractive discounts ranging from $10,000 for one-bedroom to $60,000 for penthouse units. The units are well designed with more room space and lucrative facilities.
2. Treasure at Tampines: The condo is located at Tampines, Singapore. It was developed by Sim Lian Group with a total unit of 2,203. The condominium sold 46 units during the lockdown. It reached a significant milestone of 50% units sold since its unveiling in 2019. The condo attracted buyers by providing significant low maintenance fees like placing $190 for a three bedder unit.
3. The Florence Residences: Located at Kovan, Singapore. The condo is developed by Logan Property and comes with a total unit of 1,410. This condominium managed to sell 43 units during the lockdown. The condo is well positioned and close to places like Kovan Hougang Market & Food Centre, Kovan Hub, and more. The bid on smaller units accounted for 21 sales out of 43 units that were sold.
Other condominiums with great sales during the pandemic include Parc Esta with 34 units sold, The Tapestry with 23 units sold, Kopar at Newton with 22 units sold. Stirling Residences and Affinity at Serangoon sold 16 and 15 units respectively. While Jadescape and View at Kismis both sold 14 units during the lockdown.