News

Residential Property

Gerv Tacadena

, Singapore

Published:

9 years ago

Check out these two major projects that could boost home sales this month

One is in Siglap whilst the other is in Redhill.

There are reasons to believe that one of the healthiest take ups developers saw in March could be seen again this April.

According to Colliers, there are two upcoming residential projects to be launched this month that can drive sales up again.

One would be Seaside Residences at Siglap, a three-way project between Frasers Centrepoint, Sekisui House, and Keong Hong Holdings. The trio topped eight bids for the Government Land Sale site last year at $858 psf per plot ratio.

"The 841-unit, 99-year leasehold project will attract buyers who want unblocked sea views," Colliers said, adding that the project is also near a future MRT station.

The next project that is expected to continue driving up developer sales is Tand Skyline's Artra. The 400-unit city-fringe project will feature a managed retail mall with NTUC Finest as the anchor tenant and a 5,000 sqft. childcare centre. Another selling point is its proximity to the Redhill MRT station.

To recall, developer sales jumped 111% YoY to 1,780 units, the highest monthly take up since June 2013.

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