Friday, February 3, 2012

Developers may have sold 1,700-1,800 private homes in Jan

Business Times: Thu, Feb 02
(SINGAPORE) Developers may have sold 1,700-1,800 private homes excluding executive condos (ECs) in January, a sharp reversal from the mere 632 units moved in December.


December's sales marked a 63 per cent month-on-month drop from November's 1,702 units sold, and a year-on-year drop of 53 per cent. Including ECs, which are a public-private housing hybrid, developers moved 670 units in December, down 64 per cent month on month and down 61 per cent year on year.


And January's figures could be even higher once ECs are included.


Far East Organization chalked up the bulk of January sales. It moved 1,253 private homes (including at joint-venture projects). The figure came mostly from two projects - Watertown and The Hillier.


Watertown in Punggol was the clear chart-topper in January, with 771 units sold, followed by The Hillier next to the upcoming Hillview MRT Station, with options for 387 units issued. The average price is $1,224 psf.


In Woodlands, Fragrance Group and World Class Land are understood to have sold nearly 200 units at Parc Rosewood condo. Some 80 units at Riversound Residence in Sengkang East Avenue and 85 units at The Nautical in Sembawang found buyers last month. City Developments sold 224 units including ECs...

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Martin Koh/ Sherry Tang
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