SkyVue still topped the list.
The best-selling projects according to PropNex were from the RCR and OCR namely SkyVue sold 433 units at a median price of $1,401psf, Sea Horizon (Executive Condominium) moved 317 units at $818psf.
Thomson Three found buyers for 264 units at $1,362psf; The Glades sold 89 units at $1,518psf, whereas The Skywoods sold 37 units each at median prices of $1,290psf.
In all, new homes in the RCR and OCR contributed over 66% of sales in the month due to their larger project with more units available for sale and their more budget friendly launch prices compared to other regions (excluding ECs).
“With the tighter loan curb, first time home buyers and upgraders are expected to contribute to the bulk of the sales volumes as they generally do not have other debts and should have no difficulties in securing the full 80% bank loan. We believe the emphasis will continue to be on mass market homes and ECs in the RCR and OCR as they are more budget friendly. As affordability is hit, existing home owners who still want to invest in real estate might also turn to smaller homes with lower quantum. As a result, we also expect sales of smaller homes to be popular,” Mohd Ismail, CEO of PropNex Realty said.
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