The month of May has been great to some of the most upscale projects in Singapore. Sales are heading north for Botanique @ Bartley located at the Upper Paya Lebar, developed by UOL. Other than that, North Park Residences’ sales are also going to the same direction as well. The latter, located in Yishun, is currently under the supervision of Frasers Centrepoint.
According to the data and recent reports from the Urban Redevelopment Authority, during the same month, North Park Residences had additional sales of 59 units from their 920-unit development. Now, it’s already down to 538 sold units and it wouldn’t take long before the rest of it gets their respective buyers.
On the other hand, Botanique @ Bartley boasted higher sales than the North Park Residences during May. Just for this month alone, there were as much as 94 buyers closed the deal and signed the contract. From its original 797 units, it is now down to 345 sold units when May ended.
May wasn’t the only good month for Botanique @ Bartley and North Park Residences. These names also emerged on the top during April as well, creating a significant hike in the sales of new developments in the country. In general however, the sales in the real estate market were heading south as it plunged to a whopping 45 percent during the month of May. Despite that fact that there were other developers that tried to introduce their respective projects before such as Trilive @ Kovan, Robin Residences, Adana @ Thomson, The Bently Residences, Guillemard Suites and The Flow @ East Coast just to name a few, there were still a shortage of newly launched projects introduced to the interested investors in Singapore. How do you think these developers would fare and cope up in the real estate market two to three months from now?