{"id":110134,"date":"2019-08-23T10:50:10","date_gmt":"2019-08-23T03:50:10","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/higher-prices-or-not-these-new-condo-units-are-moving-fast\/"},"modified":"2019-08-23T11:03:29","modified_gmt":"2019-08-23T04:03:29","slug":"higher-prices-or-not-these-new-condo-units-are-moving-fast","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/higher-prices-or-not-these-new-condo-units-are-moving-fast\/","title":{"rendered":"Higher Prices Or Not, These New Condo Units Are Moving Fast"},"content":{"rendered":"


\nSome private residential projects in Singapore continued to post decent sales rate even as they come with higher unit price and quantum, said Knight Frank.
\nAmber Park sold the highest number of units in the second quarter of 2019, with 157 units sold at an average price of $2,480 per sq ft (psf).
\nIt is followed by Treasure at Tampines, with 150 units sold for around $1,327 psf. The Tre Ver moved 140 units for $1,625 psf, while The Florence Residences sold 135 units for $1,445 psf, reported Singapore Business Review.
\nHomebuyers also snapped 117 units at Parc Esta for about $1,684 psf.
\nThese top five selling projects mostly sold two-bedroom units measuring between 500 sq ft and 800 sq ft for below $2 million. In fact, sales for such units accounted for 47.6 percent (333 units) of the total units sold across these projects in Q2.
\nThose measuring less than 500 sq ft were the second most sought after units, with 131 units sold, followed by the group between 1,000 sq ft and 1,500 sq ft with 117 units transacted.
\nTreasure at Tampines moved the most two-bedroom units for $1.15 million. The most expensive two-bedroom units, on the other hand, was sold by Amber Park at $1.77 million.
\nKnight Frank noted that Amber Park also sold 23 units measuring over 1,500 sq ft, adding that some of the buyers may have been previous owners who sold the development via en bloc sale to the developer.
\n\u201cThe 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 $5 million) or low end ($800,000 to $1.2 million) of the spectrum, and considerably fewer units sold in the $2 million to $3 million range.\u201d
\nLooking to buy a Singapore home but not sure where to start? Get insight on the best locations for your new home with our\u00a0AreaInsider\u00a0Guides.
\nFiona Ho, Digital Content Manager at PropertyGuru, edited this story. To contact her about this or other stories, email\u00a0fiona@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Higher Prices Or Not, These New Condo Units Are Moving Fast<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Some private residential projects in Singapore continued to post decent sales rate even as they...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-110134","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-sEm","jetpack-related-posts":[{"id":84846,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/149-units-at-park-place-residences-sold-at-average-2000-psf\/","url_meta":{"origin":110134,"position":0},"title":"149 units at Park Place Residences sold at average $2,000 psf","date":"April 9, 2018","format":false,"excerpt":"\r A large crowd of buyers at the Phase 2 sales launch of Park Place Residences at PLQ. (Photo: Lendlease) Two residential projects launched over the weekend (7-8 Apr) drew an overwhelming response from buyers, further boosting property market sentiment. Lendlease\u2019s Phase 2 sales launch of Park Place Residences at\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":47407,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/200-units-sold-at-the-clement-canopy\/","url_meta":{"origin":110134,"position":1},"title":"200 units sold at The Clement Canopy","date":"March 10, 2017","format":false,"excerpt":"\r Prospective buyers at The Clement Canopy showflat in Clementi. (Photo: UOL Group) The Clement Canopy condominium recorded robust sales during its recent launch, with 200 units sold out of the 350 units released, reported Singapore Business Review, citing OCBC Investment Research. Units at the 99-year leasehold 505-unit project have\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":51647,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/gramercy-park-mostly-bought-by-non-singaporeans-at-an-average-of-2600-to-2800-psf\/","url_meta":{"origin":110134,"position":2},"title":"Gramercy Park mostly bought by non-Singaporeans at an average of $2,600 to $2,800 psf","date":"April 12, 2017","format":false,"excerpt":"\r Around 76 percent of sales at the freehold project in Grange Road were to non-Singaporeans, with average prices up from over $2,600 psf to about $2,800 psf. (Photo: Christopher Chitty) Property developer City Developments Limited (CDL) has sold 81 of the 174 available units (47 percent) at its Gramercy\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":88067,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/80-of-units-released-at-amber45-sold-at-average-of-2200-psf\/","url_meta":{"origin":110134,"position":3},"title":"80% of units released at Amber45 sold at average of $2,200 psf","date":"May 14, 2018","format":false,"excerpt":"\r Artist\u2019s impression of the Amber 45 condominium at Amber Road. (Photo: UOL Group) UOL Group\u2019s Amber45 condominium at Amber Road was well-received by buyers, selling 80 percent or 80 of the 100 units released at an average price of about $2,200 psf at its launch last weekend (12-13 May).\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":116043,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sales-of-luxury-condo-rose-72-in-q1-despite-market-uncertainties\/","url_meta":{"origin":110134,"position":4},"title":"Sales of luxury condo rose 72% in Q1 despite market uncertainties","date":"May 4, 2020","format":false,"excerpt":"\r OrangeTee & Tie attributed the stellar sales to the new sale segment where 554 new luxury condominiums were sold in Q1 2020. Singapore\u2019s luxury home segment defied the odds of the current market uncertainties, with sales of non-landed luxury homes surging 72% year-on-year to 965 units in the first\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":113578,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/20-the-avenir-units-sold-over-launch-weekend\/","url_meta":{"origin":110134,"position":5},"title":"20 The Avenir units sold over launch weekend","date":"January 13, 2020","format":false,"excerpt":"\r The weekend launch saw 20 of the 40 released units sold, with average prices hitting $2,960 to $3,560 psf. 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