Search

NEWS
RESIDENTIAL PROPERTY | Staff Reporter, Singapore
Published: 03 Dec 12
531 views


Check out the priciest unit sold at S$4,289 psf

Some eyebrows will be raised.

According to PropertyGuru, developers launched 2,410 new private homes in October, 9% lower than total sales in the month.

Here's more from PropertyGuru:

They were probably being cautious following the latest cooling measures placing restrictions on home loan tenures for residential property purchases in Singapore.

Nevertheless, 2,624 new homes including executive condominiums (ECs), were sold in the month. Excluding ECs, 1,948 homes were sold last month, 26% down from the 2,621 in September, but 40% up from a year ago when 1,392 units were sold.

Overall, new home sales in the first 10 months of 2012 stands at 22,723 units, 18% more than the 19,306 for the whole of last year.

Home sales volume in the Outside Central Region (OCR) was recorded at 2,158 units and five projects in the region sold more than 100 houses that constituted close to 50% of the total sales volume in the month.

Nine units were sold in the month at a psf price of more than S$3,000. The costliest unit was recorded at S$4,289 psf for the District 10 project Sage. Another unit from The Ritz-Carlton Residences in Cairnhill was sold at S$4,128 psf.

The most affordable unit last month came from Waterbay at S$538 psf. 162 units were left unsold out of the 383 units in the project. Sited close to Punggol and Sengkang MRT stations, this recently launched EC development is set to be completed in 2016.

Prices range from S$560,000 for a two-bedroom unit to S$1.04 million for a five-bedder.

Over in the Core Central Region (CCR), 144 units were sold in the month. V On Shenton was the most popular project in the region and sold 33 units at a median price of S$2,263 psf.

The most affordable unit in the CCR came from Leedon Residence, which was sold at S$1,413 psf. Sales in the Rest of Central Region (RCR) reached 322 units, strongly supported by Sky Green. The project sold 145 units at a median price of S$1,516 psf.

As the festive season approaches, new home launches as well as sales are expected to slow down for the remainder of 2012. The latest government measures might also affect home sales.

Some buyers may postpone their purchasing decision as they adopt a wait-and-see approach as to how the measures will affect them. Nevertheless, keeping in mind the current strong buying momentum and other demand drivers, private home sales are expected to break all previous records by the end of the year. 

Photo from PropertyGuru



Sign up for our newsletter

 

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.

Tags: District 10 project Sage, Ritz-Carlton Residences in Cairnhill, Waterbay

CO-WRITTEN ARTICLES & SPONSOR CONTENT ››

What you need to know about E-access services.
534 views

Creative Genius Asia shares why businessmen should consider producing films and television shows in the US.
404 views

PacificLight CEO Yu Tat Ming says efficiency is key ingredient.
384 views

The 18-year-old company has proven its customer-centric philosophy.
434 views

PRINT ISSUE »

Subscribe Now
Trains, planes, automobiles and drones

144 views

As goes Hong Kong, so goes Singapore?

1240 views

Office property shows no signs of a slowdown

341 views

MOST READ EXCLUSIVES

Singapore’s 20 most influential 40 and under lawyers

Singapore’s 20 most influential 40 and under lawyers

Check out who made our cut.

by KRISANA GALLEZO
15 Aug 2014 | 152927 views
 

9 most expensive credit cards in Singapore

9 most expensive credit cards in Singapore

The most premium requires $150,000 annual income.

by KRISANA GALLEZO
21 Jul 2014 | 105302 views

Singapore’s 10 most expensive MBA Programmes

Singapore’s 10 most expensive MBA Programmes

The costliest is being offered at over $100,000.

by KRISANA GALLEZO
26 Jun 2014 | 83966 views
 

13 most exclusive credit cards in Singapore

13 most exclusive credit cards in Singapore

Some of which you’ve probably not heard of.

by KRISANA GALLEZO
27 Aug 2014 | 76496 views

Singapore’s 10 hottest 40 and under restaurateurs

Singapore’s 10 hottest 40 and under restaurateurs

The list includes a restaurateur as young as 27.

by KRISANA GALLEZO
3 Jul 2014 | 40424 views
 

Singapore’s 8 hot new restaurants in June

Singapore’s 8 hot new restaurants in June

Have you dropped by to check them out?

by KRISANA GALLEZO
3 Jul 2014 | 24271 views

Singapore's 8 hot new restaurants in July

Singapore\'s 8 hot new restaurants in July

More Singapore openings from famous restaurants in Asia.

by KRISANA GALLEZO
4 Aug 2014 | 18862 views
 

20 most preferred hotels of Singapore travelers in Asia

20 most preferred hotels of Singapore travelers in Asia

Hotels in Thailand dominate the list.

by KRISANA GALLEZO
12 Aug 2014 | 17958 views

Singapore’s 8 hotels coming your way next year

Singapore’s 8 hotels coming your way next year

A total of 3,458 hotel rooms will soon be available.

by KRISANA GALLEZO
8 Sep 2014 | 14656 views
 

Pratt & Whitney Singapore office makes you feel like you’re in the outer space

Pratt & Whitney Singapore office makes you feel like you’re in the outer space

Take a sneak peek.

by KRISANA GALLEZO
25 Jun 2014 | 14529 views

Towers Watson Singapore’s Spa Room allows staff to regenerate during lazy hours

Towers Watson Singapore’s Spa Room allows staff to regenerate during lazy hours

Also, check out awesome photos of redesigned meeting rooms and clubhouse.

by KRISANA GALLEZO
9 Jul 2014 | 10723 views
 

Have you been to The Providore Warehouse yet?

Have you been to The Providore Warehouse yet?

Check out some photos inside.

by KRISANA GALLEZO
1 Sep 2014 | 9433 views

Singapore’s 8 hot new restaurants in August

Singapore’s 8 hot new restaurants in August

Get a taste of an aromatic broken rice dish without MSG.

by KRISANA GALLEZO
4 Sep 2014 | 9128 views
 

Awesome workplace at 501: How's having a meeting while cuddling a teddy bear?

Awesome workplace at 501: How\'s having a meeting while cuddling a teddy bear?

Also check artistically designed in-house locations for video shoots.

by KRISANA GALLEZO
6 Aug 2014 | 8438 views

Check out HSBC’s high-tech flagship branch at Orchard Road

Check out HSBC’s high-tech flagship branch at Orchard Road

It’s digital hub is a star attraction.

by KRISANA GALLEZO
23 Jul 2014 | 5553 views
 

What 3 market leaders can tell you about price comparison sites in Singapore

What 3 market leaders can tell you about price comparison sites in Singapore

Financial price comparison sites face lack of consumer’s confidence.

by KRISANA GALLEZO
10 Jul 2014 | 4700 views

5 craziest things you can't imagine founders would do to make their startup successful

5 craziest things you can\'t imagine founders would do to make their startup successful

Will you jump out of the plane flying at over 15K ft  just to catch a potential client?

by KRISANA GALLEZO
3 Sep 2014 | 4596 views
 

Three best buddies in their 30s set up 6 Prawns and a Beer

Three best buddies in their 30s set up 6 Prawns and a Beer

Here’s a new food hub at Bukit Timah to enjoy a well-loved seafood with beer.

by KRISANA GALLEZO
12 Aug 2014 | 3751 views

The wait is over: Japanese restaurant chain ON-YASAI finally hits Singapore

The wait is over: Japanese restaurant chain ON-YASAI finally hits Singapore

10 to 15 more outlets coming over the next 5 years.

by KRISANA GALLEZO
28 Aug 2014 | 3733 views
 

Find out how 3 young men at 20s founded a startup

Find out how 3 young men at 20s founded a startup

At 21, they built a job portal to help young people find their jobs.

by KRISANA GALLEZO
10 Jul 2014 | 3726 views

Have spare time before boarding? Dine in at Old Chang Kee’s first Changi Airport outlet

Have spare time before boarding? Dine in at Old Chang Kee’s first Changi Airport outlet

The new outlet’s construction cost more than half a million.

by KRISANA GALLEZO
11 Sep 2014 | 2735 views
 

No boys allowed: Here’s a coworking space designed for women only

No boys allowed: Here’s a coworking space designed for women only

The office space can be transformed to a large event venue for social nights.

by KRISANA GALLEZO
14 Aug 2014 | 2443 views

I bet you’ll cry after watching this: Singaporeans say ‘thank you’ to migrant workers

I bet you’ll cry after watching this: Singaporeans say ‘thank you’ to migrant workers

It has been viewed and shared nearly 425,000 times.

by KRISANA GALLEZO
27 Jun 2014 | 2261 views
 

DBS added 1000 more staff in 2013

DBS added 1000 more staff in 2013

It topples UOB to become Singapore's second largest commercial bank.

by KRISANA GALLEZO
22 Jul 2014 | 2235 views

Haji Lane welcomes a hippy motorcycle cafe

Haji Lane welcomes a hippy motorcycle cafe

It serves all-day brunches with motorcycle merchandise up for grabs.

by KRISANA GALLEZO
28 Jul 2014 | 2157 views
 

RIP Tiger Mandala: What carrier is next to die?

RIP Tiger Mandala: What carrier is next to die?

See why Singapore based carriers are the least advantaged.

by KRISANA GALLEZO
27 Jun 2014 | 2106 views

Have money but don’t know what to do? Call DrWealth

Have money but don’t know what to do? Call DrWealth

It creates Asia’s first online financial planning platform for the masses.

by KRISANA GALLEZO
12 Aug 2014 | 2006 views
 

Worry about your loved ones’ whereabouts no more

Worry about your loved ones’ whereabouts no more

Folr introduces a real-time geo-location tracking mobile app that also details where they were.

by KRISANA GALLEZO
5 Sep 2014 | 1985 views

The Assembly Ground will choose for you the coffee that best suits you

The Assembly Ground will choose for you  the coffee that best suits you

It’s an Australian concept brought to Singapore.

by KRISANA GALLEZO
18 Jul 2014 | 1936 views
 

Singpost acquires Store House in Hong Kong for $12.2m

Singpost acquires Store House in Hong Kong for $12.2m

Here's how management compares HK's self storage market with Singapore's.

by KRISANA GALLEZO
11 Jul 2014 | 1904 views
close Don't Show Again

STAY INFORMED! Get our free weekly newsletter