Developers Sales Fall 91 M O M April 663 Units Moved
Kingsford’s One Marina Gardens sells 43% of units released at previewGet the latest details on available units and prices for One Marina Gardens
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According to the latest data released by URA on May 15, developers in Singapore sold 663 new homes (excluding executive condos) in April. This marks a 9.1% decrease from the 729 units sold in March. However, compared to the same period last year, this number has doubled from 301 units.
The new home sales in April were largely driven by the launch of three new projects. These include One Marina Gardens by Kingsford Group, Bloomsbury Residences by Qingjian Realty and Forsea Holdings, and 21 Anderson by Kheng Leong Co, the private property arm of Wee Cho Yaw’s family.
Out of the three projects, One Marina Gardens emerged as the best-selling project, selling 384 units (41.9%) in April at a median price of $2,948 psf. During its launch weekend, the condo sold 353 units (38%) at an average price of $2,953 psf. For more information on available units and prices, you can visit the project’s website.
Bloomsbury Residences, situated in District 5, closely followed as the second-best performing project, selling 107 units (30%) at a median price of $2,454 psf. During its launch weekend, the condo sold 90 units at an average price of $2,474 psf. Both condos were launched during the weekend of April 12-13.
Apart from these two projects, the ultra-luxury freehold condo 21 Anderson also achieved sales, selling three units (16%). Based on URA caveats, all three units were four-bedroom apartments with a size of 4,489 sq ft and were priced from $20.97 million ($4,672 psf) to over $23 million ($5,127 psf). 21 Anderson was the only condo to launch in the Core Central Region (CCR) last month. It is located along Anderson Road in prime District 10.
Overall, a total of 1,295 new homes were launched for sale in April, excluding ECs, which is a slight 1.5% decrease from the 1,315 units launched in March. For more information on the latest listings, upcoming launch projects, and price trends, you can check out the various websites listed in the article.