Singapore: New Condo sales sold 1,124 units in the month of April, excluding Executive Condominiums (ECs) or more than 80% increase as compared to March 2015. When including EC, the number was 1,218 units.
Most of the transactions come from North Park Residences @ Yishun which sold 486 units at an average of $1,374psf. and Botanique at Bartley which sold 254 units at an average of $1,290psf. The most expensive development sold was V On Shenton which sold at $2,636psf.
Buyers are drawn to North Park Residences due to its integration with shopping mall, Yishun MRT Station, Bus Interchange and even community Centre. This development will form part of Northpoint City. North Park Residences sales came in higher than Botanique at Bartley despite it having a higher price tag. Buyers are drawn to this development probably due to its integration which is rare on the market. The best selling unit mix are the 1 and 2 bedrooms.
Botanique at Bartley on the other hand attracts investors and home owners with its proximity to Bartley MRT Station and low quantum units which saw more than 84% of the units below 1 million mark. Beckoning with its strategic location near to Bartley MRT station, centre of growth in Bidadari, Defu Industrial, Paya Lebar Air Base and also Paya Lebar Central. Beauty with lush greenery landscaping and water features that set it apart from its peer and Bespoke with quality finishes and branded electrical appliances that complete the start of a dream home.
Other developments too are selling well with double digit sales that include Symphony Suites (Sold 29 units at average $1,042psf), The Panorama (Sold 39 Units at average $1,229psf) and Sims Urban Oasis (Sold 41 units at average $1,411psf).
Developments that has strong attributes such as low quantum, near to amenities and MRT Station will still attract home owners and potential investors though most buyers are more price sensitive due to the implementation of Total Debt Servicing Ratio (TDSR) and Additional Buyer Stamp Duty (ABSD).