About New private homes Sales dropped in June 2021 | New private homes Sales dropped by 2.6% in June from 895 units in May, except for the executive condominium (ECs). Yearly, the newly established home sales dropped by 12.6%.
The incident led to a drop of the total developer sales apart from executive condominiums to 64.5%, that’s 6,608 units for the first half of 2021.
Similarly, the Senior Vice-President of Research and Analytics, Christine Sun at Orange Tee &Tie said, “The sales of the new homes remained strong the previous month even though insufficient project launches and measures were being reinforced during the alert.” She added that most developers escaped launching new projects as stringent viewing measures were kept in place at property sales galleries.
“The sales of new homes were almost the same level as evident in May. Contrary to a year ago, property agencies and developers were properly prepared to execute new marketing activities and start new projects after loosening further restrictions from the second half of June,” Sun added.
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Moreover, in June, the (OCR) which means Outside of the Central Region, registered massive sales of new homes, specifically 38.6%. Also, the (RCR); Rest of the Central Region registered 37.7% while (CCR) meaning the Core Central Region accounted for 23.6% of the entire sales.
Therefore, the Hyll on Holland comes out as the best-selling project. 87 units were sold at an average price of $2,387 per sqft (psf) the previous month. The second place was Treasure at Tampines, followed by Normanton Park, The Florence Residences, the Midwood, and The Antares.
Among the top 10, you’ll find the Parc Clematis, Amber Park, Avenue South Residence and the Leedon Green. Apart from that, Sun revealed that Leedon Green fetched 31 units. Fourth Avenue Residences shifted to 12 units, and the Irwell Hill Residences moved to 11 units.