With all the new developments flooding different areas in Singapore, there’s no doubt that some were left behind with unsold units up for grabs. In a report from Maybank Kim Eng, Hong Kong Land has the most number of units unsold in Singapore. There are still about 2,000 spaces that are waiting for their respective owners.
Most of these unsold inventories were from the ECs or executive condominiums. Sixty-six percent of these units with no owners are located in the Core Central Region (CCR) and also in the Outside Central Region (OCR) as well.
Other than the Hong Kong Land, the Qingjian Realty is also looking for 1,800 investors to take their unsold executive condominium units. Following their footstep is the MCC Land with less than a hundred unsold units compared to Qingjian. Their projects are not only situated at the OCR but some can also be seen at the Rest of Central Region (RCR).
The said three developers were not the only ones looking for more investors. Along with them is the City Developments Limited. Their projects are in the fourth in the list of developments with the most unsold units. The condominiums from City Developments Limited are spread among OCR, CCR, and RCR. Yet, they are still waiting for more buyers to shell out cash for their 1,500 remaining units.
Running at the top 5 is the Kingsford. This real estate developer placed most of its projects at the OCR. As of the moment, there are still about 1,400 units left unsold and waiting for investors to bank their money on it.
While these mentioned developers have reached more than thousands of unsold executive condominiums, there are others that were left with less than three hundred units left. This includes the SG-Johore Express, Oxley, BBR, China Sonanggol and the Ho Bee.
A new Executive Condominium (EC) named the Sol Acres will be launched soon. Please stay tune.