Only 12 luxury homes got sold in January

They're worth over $3,000 psf.

According to Maybank Kim Eng, New private home sales jumped by 43% MoM in January, as developers sold 2,013 units (excluding ECs) on the back of 1,799 units launched. Including ECs, the number would have been 2,269 units.

With more aggressive pricing strategies, CapitaLand managed to sell another 263 units at the 1,715-unit D’Leedon, achieving a median price of SGD1,406 psf for the month of January.

Here's more from Maybank Kim Eng:

The mega-development is now 65%-sold. City DevelopmentsLimited (CDL) saw sales momentum at its highly-successful Echelon atAlexandra View being carried over from December, as another 87 units were sold in January at a median price of SGD1,853 psf.

The number of luxury units priced above SGD3,000 psf sold fell from 17 in the previous month to 12 in January.

Nine of the units were from FEO’s The Scotts Tower, with a median price of SGD3,825 psf and one unit attaining a month-high of SGD4,267 psf.

Solitary units were sold at FEO’s Skyline@Orchard Boulevard and ALBA, as well as Perennial’s Eden Residences Capitol.

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