Chart of the Day: These condo projects sold the most units in Q2

Amber Park sold out 157 units at an average price of $2,480 psf.

This chart from Knight Frank shows the transaction values of of the five largest condo projects in Q2, topped by Amber Park which sold out 157 units at an average unit price of $2,480 psf.

This is followed by Treasure at Tampines having sold 150 units for about $1,327 psf; The Tre Ver at 140 units for $1,625 psf; The Florence Residences at 135 units for $1,445 psf; and Parc Esta at 117 units for around $1684 psf.

These condominiums have mostly transacted two-bedroom units (500-800 sq ft) at prices below $2m. It accounted for 47.6% (333 units) of the units sold across the top 5 selling projects in Q2. The less than 500 sqft (131 units) category sold the second most units followed by the group between 1,000 sqft and 1,500 sqft (117 units).

Treasure at Tampines sold the most two-bedroom units for $1.15m. Amber Park sold most expensive two-bedroom units amongst the five at $1.77m. Knight Frank also noted that Amber Park also did well in selling rooms over 1,500 sqft with 23 units sold. The report also mentioned that some of its buyers were likely previous owners who sold the development en bloc to the developer.

In addition, the price quantum of the projects sold also suggests a three-tier market, with most of the units being sold at either the high end (more than $5m) or low-end ($800k to $1.2m) of the spectrum, and considerably fewer units sold in the $2 to $3m range.

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