Chart of the Day: Check out the top condo transactions in Q3
Parc Clematis sold 402 units during the period.
This chart from Knight Frank shows condo projects with the highest number of sales in Q3, dominated by Parc Clematis in OCR which sold 402 of its 1,468 units at an average price of $1,617 psf.
It was followed by Avenue South Residence with 323 units for $1,944 psf and the Florence Residence with 262 units priced at $1,445 psf.
Treasures at Tampines sold 262 of its total 2,203 units for $1,339 psf. One Pearl Bank nabbed fifth place with 234 over 774 units sold for $2,380, marking the most expensive rate amongst the five.
Overall, these projects’ prices are said to have appealed to upgraders and first-time investors.
As for executive condo (ECs) sales, there were only two projects in Q3, led by Piermont Grand that sold 425 out of 820 units. This is priced at $1,099 psf. The other project is Northwave with 1 unit sold for $928 psf.
Knight Frank stated that Piermont Grand saw brisk sales due to a price gap between condominiums and ECs, but is likely to see more sales in Q4 with the income ceiling raised from $14,000 to $16,000.