Latest reports from the URA are in. October 2010 saw a total of 1,587 new private homes sold. Last month’s total sales were a modest 911 units, a difference of 676 units. However, October's figure includes Executive Condo (EC) units. If you take it out, only 1,058 units were sold.
Where’s the effect of the cooling measures? Well, we could attribute the boost of sales to the 2 ECs launched (The Canopy and Esparina) as there is a demand for low-cost private housing. Yet, as mentioned earlier, if we take the ECs out of the equation, 1,058 units is 147 more than 911 of last month.
The periods of Oct-Dec are usually considered lull periods but the sales in October did pretty well. Maybe the next caveat for November will reflect something different, or perhaps like we said last month, we’d have to wait till January to see the extent of the measures. But honestly, how many of you see that happening?
Where’s the effect of the cooling measures? Well, we could attribute the boost of sales to the 2 ECs launched (The Canopy and Esparina) as there is a demand for low-cost private housing. Yet, as mentioned earlier, if we take the ECs out of the equation, 1,058 units is 147 more than 911 of last month.
The periods of Oct-Dec are usually considered lull periods but the sales in October did pretty well. Maybe the next caveat for November will reflect something different, or perhaps like we said last month, we’d have to wait till January to see the extent of the measures. But honestly, how many of you see that happening?
Look at Lakefront Residences - almost 80% sold! What is going on? Are these measures working or not?
Anyway, here are the top 3 condos with most units sold:
Esparina Residences, 425 units sold (median $761 psf)
The Glyndebourne, 112 units sold (median $2,149 psf)
The Canopy, 104 units sold (median $685 psf)
The top 3 condos with most expensive units sold:
Boulevard Vue at Cuscaden Walk, median $4,800 psf
Marina Bay Suites at Marina Boulevard, median $3,328 psf
Paterson Suites at paterson Road/Lengkong Angsa, median $3,133 psf
Esparina Residences, 425 units sold (median $761 psf)
The Glyndebourne, 112 units sold (median $2,149 psf)
The Canopy, 104 units sold (median $685 psf)
The top 3 condos with most expensive units sold:
Boulevard Vue at Cuscaden Walk, median $4,800 psf
Marina Bay Suites at Marina Boulevard, median $3,328 psf
Paterson Suites at paterson Road/Lengkong Angsa, median $3,133 psf
I don't think the cooling measures are that effective but hey... it probably did remove some of the risky speculators from the areana.
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