Singapore: New Condo sales sold 1,124 units in the month of April, excluding Executive Condominiums (ECs) or more than 80% increase as compared to March 2015. . when including EC, the number was 1,218
Most of the transactions come from North Park Dwellings @ Yishun which sold 486 units at a mean of $1,374psf. and Botanique at Bartley which sold 254 units at an average of $1,290psf. The most expensive development sold was V On Shenton which sold at $2,636psf.
North Park Residences Buyers are drawn to North Park Residences because of its integration with Bus Interchange, Yishun MRT Station, shopping mall and even community Centre. North Park Homes sales came in higher than Botanique despite it having a higher price tag. Buyers are drawn for this development likely because of its integration which is rare in the marketplace. The most popular unit blend are the 1 and 2 bedrooms.
Botanique at Bartley on the other hand attracts investors and home owners with its closeness to Bartley MRT Station and low quantum components which saw more than 84% of the components below 1 million mark. Beckoning with its strategic place near Bartley MRT station, center of growth in Paya Lebar Central, Defu Industrial, Paya Lebar Air Base and also Bidadari. Attractiveness with water features and lush greenery landscaping that set it apart from Bespoke and its peer with quality finishes and branded electrical appliances that finish the beginning of a dream house.
Other developments too are selling well with double digit sales offering Symphony Suites (Sold 29 units at typical $1,042psf), The Panorama (Sold 39 Units at typical $1,229psf) and Sims Urban Oasis (Sold 41 units at typical $1,411psf).
Developments that’s strong characteristics including low quantum, near to amenities and MRT Station will still attract home owners and potential investors though most buyers tend to be more price sensitive due to the execution of Total Debt Servicing Ratio (TDSR) and Additional Buyer Stamp Duty (ABSD).Continue reading »