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.

Bartley Vue Condo Floor Plan

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.”


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