(PRWEB) April 22, 2014
Singapore new homes sales is expected to pick up in the 2nd quarter 2014 after march private home sales fell 35% month on month. If compared to March 2013 where a total of 3072 units were sold, sales for new homes fell a massive 83%. Only a total of 480 units are sold on March last month, while Executive condominiums (EC) sold about 55 units.
Drop in sales for new homes in 1st quarter of 2014 could be partially due to the decline in the number of projects being launched as developers are holding back the launches after the cooling measure implemented by the government. Total Debt Servicing Ratio (TDSR) is the latest being implemented by Singapore government.
Santorini @ Tampines clock in top sales with 76 units sold while other projects like Guillemard Suites, 8 Riversuites, Liv on wilkie, Rivertrees Residences, Hallmark Residences and Goodwood Residences clocked in good sales figure as well for march.
Another best selling project in 1st quarter of 2014 include Lakeville @ Jurong West. WIth the transformation of Jurong Gateway to a new commercial hub, healthcare hub and other shopping malls like JEM, Westgate, Big Box, Jurong area is expected to attract strong interest from retailer.
Projects near MRT stations and those that are more competitive priced are expected to remain resilient with good take up rates.
Going forward to April, May and June, Sales are expected to be healthy with some of the new launches coming on board that include Commonwealth Towers, Highline Residences, Kallang Riverside, Coco Palms and Trilive.