{"id":82542,"date":"2018-03-13T11:27:08","date_gmt":"2018-03-13T04:27:08","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/orchard-condo-sets-record-psf-prices\/"},"modified":"2018-03-13T12:03:08","modified_gmt":"2018-03-13T05:03:08","slug":"orchard-condo-sets-record-psf-prices","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/orchard-condo-sets-record-psf-prices\/","title":{"rendered":"Orchard condo sets record psf prices"},"content":{"rendered":"


\nCDL\u2019s New Futura condo sold 48 units at an average price of over $3,200 psf.
\nMost of the released units in CDL\u2019s recently launched New Futura project have been sold at an average price of $3,200 psf \u2013 the highest in five years, reported Singapore Business Review.
\nThe selling price at the freehold development in Leonie Hill Road has not been seen in Singapore for a long time, said iCompareLoan chief mortgage consultant Paul Ho.
\nMore: New Futura condo sells 18 units at average price of $3,200 psf
\nHe pointed out that Singapore\u2019s property market has become upbeat thanks to a record number of en bloc sales of older condominiums. \u201cThis has led property sellers to ask for higher prices.\u201d
\nOCBC Investment Research analyst Andy Wong Teck Ching agrees with Ho that prices are rebounding amidst positive sentiment and a recovery in the private housing market.
\n\u201cAs a recap, the URA Private Residential Properties Price Index (PPI) reached an inflection point in Q3 2017, climbing 0.7 percent on-quarter after 15 consecutive quarters of decline, or a cumulative 11.6 percent dip from the last peak in Q3 2013.
\n\u201cThis momentum continued in Q4 2017, with the URA Private Residential PPI rising 0.8 percent on-quarter, such that the year 2017 ended in positive territory (up 1.1 percent from 2016),\u201d he noted.
\nFurthermore, notable deals in the luxury segment attest to the bullish sentiment, said Ching.
\n\u201cNew Futura saw 48 units sold (75 percent out of the 64 units launched) at an average selling price of over $3,200 psf (as of 22 Feb 2018). Gramercy Park, another freehold project in the Orchard Road vicinity (Grange Road), is now 97 percent sold with average selling prices in excess of $2,800 psf,\u201d he added.
\nCheck out our review of New Futura, or view other\u00a0project reviews!
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Orchard condo sets record psf prices<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

CDL\u2019s New Futura condo sold 48 units at an average price of over $3,200 psf....<\/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-82542","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-ltk","jetpack-related-posts":[{"id":77626,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-futura-condo-sells-18-units-at-average-price-of-3200-psf\/","url_meta":{"origin":82542,"position":0},"title":"New Futura condo sells 18 units at average price of $3,200 psf","date":"January 22, 2018","format":false,"excerpt":"\r 18 of the 25 units released for sale were sold at an average price of $3,200 psf. New Futura, City Development Limited\u2019s (CDL) luxury condominium project at Leonie Hill Road, received positive response from buyers, with 18 units sold at an average price of $3,200 psf during its first\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":88417,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/healthy-sales-at-cdls-new-futura-thanks-to-foreign-buyers\/","url_meta":{"origin":82542,"position":1},"title":"Healthy sales at CDL\u2019s New Futura thanks to foreign buyers","date":"May 16, 2018","format":false,"excerpt":"\r Artist\u2019s impression of the penthouse pool at New Futura. (Photo: CDL) Property giant City Developments Limited (CDL) announced on Tuesday (15 May) that it sold a total of 83 units at New Futura, a 124-unit luxury freehold project at Leonie Hill Road in prime District 9. To date, 97\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":63408,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cdl-to-benefit-from-property-upcycle-calls-for-review-of-qc-policy\/","url_meta":{"origin":82542,"position":2},"title":"CDL to benefit from property upcycle, calls for review of QC policy","date":"August 11, 2017","format":false,"excerpt":"\r CDL\u2019s Kwek said the property market appears to be getting stronger, but warned of dangers such as an upward spiral in land costs and housing prices. Property giant City Developments Limited (CDL) said it is well-poised to benefit from the property upcycle after several years of subdued market conditions\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":54064,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-futura-to-launch-amid-improved-market-sentiment\/","url_meta":{"origin":82542,"position":3},"title":"New Futura to launch amid improved market sentiment","date":"May 8, 2017","format":false,"excerpt":"\r View of CDL\u2019s soon-to-be completed New Futura condominium at Leonie Hill Road. Property developer City Developments Limited (CDL) is gearing up to launch its New Futura condominium at Leonie Hill Road in prime District 9 sometime in the second half of 2017. Located close to the Orchard Road area,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2017\/05\/New-Futura-816x1024.jpg?fit=816%2C1024&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":103947,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sales-at-cdl-projects-remain-healthy-report\/","url_meta":{"origin":82542,"position":4},"title":"Sales at CDL projects remain healthy: report","date":"February 13, 2019","format":false,"excerpt":"\r Artist\u2019s impression of the condo gym at Whistler Grand. Whistler Grand, a 716-unit condominium in West Coast Vale in District 5, has found buyers for 251 units or 83 percent of the 300 units released for sale, according to latest data from the Urban Redevelopment Authority (URA). The units\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":105219,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/boulevard-88-sells-20-units-at-3550-psf-on-average\/","url_meta":{"origin":82542,"position":5},"title":"Boulevard 88 sells 20 units at $3,550 psf on average","date":"March 21, 2019","format":false,"excerpt":"\r Majority of the units taken up at the Orchard Road condo were four-bedroom units priced at over $10 million each. Boulevard 88, a freehold luxury residential development along Orchard Road, sold 20 of the 25 units released during its private preview at an average selling price of $3,550 psf.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/82542"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=82542"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/82542\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=82542"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=82542"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=82542"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}