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New top-tier condos see better sales this year

New top-tier condos see better sales this year

URA data points to healthy overall demand for this category of homes despite economic uncertainties

A HUNDRED and four non-landed new homes with a price tag of S$5 million and above were sold in the first 10 months of this year – the highest tally in recent years.

OrangeTee & Tie said the last high was in 2011, when 155 units priced above that level were transacted for the corresponding 10-month period.

When looking at properties by price per square foot (psf), the number of new private homes sold (excluding bulk purchases) at above S$2,500 per square foot (psf) hit a 10-year peak with 823 non-landed units transacted from January to October this year, the real estate agency highlighted.

Brand new launch EC! Confirmed! New EC launch for 2020! Upcoming New EC Launch: Parc Canberra EC, Ola EC (Sengkang), Tampines Ave 10 EC. July 2017: Hundred Palms Residences EC sets the 100% sold-out record within 7 hours. Jun 2018: Rivercove Residences EC marks the 100% fully sold out record after 3 months of its launch. Most units sold for over $1,000psf at the later stage …

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