January new home sales slow

Only 322 private homes were sold in January by developers, which is a 16% fall from that in Dec 2015 at 384. It is also a 14% fall from a year ago. The sluggish market is partly due to the fact that no new fresh projects were launched for sale in January. The top seller was The Poiz Residences which sold 26 homes at median price of $1416 psf.  The attraction of the property that draws buyers is its location next to Poling Pasir MRT station. The Amore, an EC at punggol was the next best seller with 24 units sold at media price of $799 psf.  The next 3 best sellers are: Sims Urban Oasis ($1405 psf), Kingsford@Hillview ($1277 psf), and Brownstone ($810 psf).  All three projects sold 21 units last month.

The upcoming launches expected include the following projects: The Wisteria, Sturdee Residences, Wander Vale, and Visionaire. 

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