Subscribers

2019's first home launches sell over 30% of units

Analysts say the sales reflect a cautious outlook among investors but cite ongoing demand despite cooling measures

Singapore

THREE condominium projects that were the first launches this year saw over one-third of their released units sold.

An analyst said that the results reflected a "very, very cautious" market while another said this showed that there is still demand post-cooling measures.

Roxy-Pacific Holdings' freehold developments RV Altitude and Fyve Derbyshire were launched last Friday and Saturday respectively.

Of the 63 units released in RV Altitude, 20 were sold at average prices of S$2,729 per square foot (psf) to S$3,100 psf, net of discount. This project in River Valley Road has a total of 140 units and all are two-bedders, ranging in size from 441 square feet (sq ft) to 624 sq ft.

The 71-unit Fyve...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes