OCR sells record 397 new homes in July, 141 units sold above $2mil
The Outside Central Region gains a new high in 07/2021, by having the Three hundred Ninety Seven brand new exclusive apartments retailed surpassing the track record Two hundred Ninety Three flats turned in December’20, broadcast SBR.
Out of these, 141 were cost around $2 million.
The Outside Central Region top past mth’s brand new personal residence deals. Noticeably, S’pore observed brand-new house sales surge Eighty Two point Two percent month-on-month to 1thousand 5hundred and 89 flats in Jul2021.
Including exec condo, new apartment transactions rose 81.3% m-o-m to 1thousand 7hundred 44 flats.
Propnex Chief Executive Officer Ismail Gafoor marked in which the powerful recent house revenue operation in Jul was increased by “the exciting Outside Central Region sub-market in which spotted more than 1,000 units getting dealt”.
” We think that the catalyst to the excitement was possibly the more recent GLS tender project in which Ang Mo Kio Avenue One as well as Lentor Central gained peak tenders of $1.118K per sq foot per plot ratio and also $1,204 psf per plot ratio each coming from developers,” he said as mentioned by SBR.
” The news reports of domineering land pricings sparked several to realize that near future introduce costs are likely to increase even more.”