New Sale July Transaction Data

New Sale July Transaction Data

I decided to go a different direction with this week’s commentary, as my team shared and discussed the past week’s new sale transaction.

The CCR accounted for 47.1% while the RCR and OCR made up 36.5% and 16.5%

The top selling project in the CCR was Midtown Modern, followed by Forett @ Bukit Timah in the RCR and Ki Residences at Brookvale in the OCR

Based on URA’s data, developers sold an estimated 488 units in June, and there were more sales in the CCR in June and the trend has continued in July

From the grounds, my team also question and asks buyers and their sentiments regarding the current market conditions. It seems like Buyers were apparently unfazed by the increase in interest rates as they went for pricier homes.

This is because loan drawdowns for new homes are on a progressive basis or they could have used more cash for the purchase. This is also because for new launches, people are not required to cough out the entire amount or have the loan disburse the bulk of the principal.

My team predicted that sales in July are likely to increase to around 700 to 800 units on the back of a major launch – AMO Residence

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