Tuesday, February 28, 2012

Sales of new homes remain robust

Straits Times: Tue, Feb 28
HOME sales over the past week stayed strong, with few signs of the expected declines brought about by December's property measures.

Parc Rosewood at Woodlands has moved 55 more units since Monday last week, bringing total sales at the 689-unit project to 565. Prices have averaged $1,000 psf.

Macly Group's Guillemard Edge in Geylang has nearly sold out. Last week, the developer reported sales of more than 230 units. Since then, about 40 units have sold with prices ranging between $1,180psf and $1,250 psf.

The Straits Times also understands that the UOL Group's Archipelago estate in Bedok Reservoir sold 15 units over the weekend, with prices hovering around $1,000 psf...

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Martin Koh/ Sherry Tang
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