OCR sells record 397 new homes in July, 141 units sold above $2mil
The Outside Central Region achieves a recent high during 07/2021, by having the 397 all new exclusive residences marketed surpassing the archive 2hundred 93 apartments repositioned in December2020, reported SBR.
Of these, One hundred Forty One were fetched at minimum $Two million.
The OCR head previous month’s all-new private house revenues. Significantly, SGP discovered current apartment sales surge Eighty Two point Two percent month-on-month to 1thousand 5hundred and 89 flats in Jul’21.
Incorporating ECs, brand-new house deals rose 81.3percentage month-on-month to 1,744 flats.
Propnex Chief Executive Officer Ismail Gafoor noted in which the strong recent residence revenue fulfillment in July was enhanced by “the buzzing OCR sub-division market which observed over One thousand flats being bought”.
” We strongly believe that the catalyst to the excitement was likely the current Government Land Sales bidding action where by Ang Mo Kio Ave 1 along with Lentor Central went through leading tenders of $1thousand 1hundred 18 psf per PR and $1,204 per square ft per plot ratio respectively offered by property developers,” he claimed as cited by SBR.
” The reports of aggressive land pricings sparked many to realise in which potential commence rates are likely to inflate even further.”