5 best-selling projects in June 2016

Posted by Kaeden Ong on 22nd July 2016 in Blog

Property developers sold 536 private residential units, excluding executive condominiums (ECs) last month, down 50 percent from the 1,065 units sold in May, revealed latest data from the Urban Redevelopment Authority (URA). Including ECs, there were 768 units sold.

There were three reasons for the drop in sales, namely selective buying sentiments, seasonal effects of the June school holidays and no new major launches, said PropNex Realty.

Only 234 new private units were launched in June, down 80 percent from May. Meanwhile, no new ECs were launched in the month.

Mohamed Ismail, CEO of PropNex, said: “The upcoming launches of Lake Grande and Gramercy Park will help to boost volume as developers look to step up their launch activities before the Hungry Ghost Festival hits in August.”

Meanwhile, the five top-selling projects were Bellewaters EC, Kingsford Waterbay, The Glades, Kingsford Hillview Peak and The Vales EC.

Bellewaters - Boutique Courtyard Lobby Opt1

  1. Bellewaters EC(OCR)
    Developer: Qingjian Realty
    Tenure: 99-year leasehold
    Location: Anchorvale Crescent (D19)
    Nearest MRT station: Sengkang MRT
    Median price: $804 psf
    Total no. of units: 651
    Sales update: 43 units sold in June

Kingsford Waterbay Condo

  1. Kingsford Waterbay(OCR)
    Developer: Kingsford Development
    Tenure: 99-year leasehold
    Location: Upper Serangoon View (D19)
    Nearest MRT station: Hougang MRT
    Median price: $1,185 psf
    Total no. of units: 1,165
    Sales update: 34 units sold in June

The-Glades-Condo-Facade

  1. The Glades(OCR)
    Developer: Keppel Land and China Vanke
    Tenure: 99-year leasehold
    Location: Bedok Rise (D16)
    Nearest MRT station: Tanah Merah MRT
    Median price: $1,402 psf
    Total no. of units: 726
    Sales update: 32 units sold in June

Kingsford Hillview Peak

  1. Kingsford Hillview Peak(OCR)
    Developer: Kingsford Development
    Tenure: 99-year leasehold
    Location: Hillview Avenue
    Nearest MRT station: Hillview MRT
    Median price: $1,315 psf
    Total no. of units: 512
    Sales update: 31 units sold in June

thevales5

  1. The Vales EC(OCR)
    Developer: SingHaiyi Group and Kay Lim Investment
    Tenure: 99-year leasehold
    Location: Sengkang (D19)
    Nearest MRT station: Sengkang MRT
    Median price: $779 psf
    Total no. of units: 517
    Sales update: 28 units sold in June

Credits: Propertyguru

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