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5 best-selling projects in August 2016

Property developers sold 805 housing units in August, including executive condominiums (ECs). The five top-selling projects, all located in the Outside Central Region (OCR), are:

1) Treasure Crest EC (OCR)
Developer: Sim Lian Group
Tenure: 99-year leasehold
Location: Anchorvale Crescent (D19)
Nearest MRT station: Sengkang MRT
Median price: $745 psf
Total no. of units: 504
Sales update: 56 units sold in August

2) Sol Acres EC (OCR)
Developer: MCL Land
Tenure: 99-year leasehold
Location: Choa Chu Kang Grove (D23)
Nearest MRT station: Bukit Panjang MRT
Median price: $781 psf
Total no. of units: 1,327
Sales update: 46 units sold in August

3) Bellewoods EC (OCR)
Developer: Qingjian Realty
Tenure: 99-year leasehold
Location: Woodlands Avenue 5 and 6 (D25)
Nearest MRT station: Admiralty MRT
Median price: $769 psf
Total no. of units: 561
Sales update: 37 units sold in August

4) Lake Grande (OCR)
Developer: MCL Land
Tenure: 99-year leasehold
Location: Jurong West Street 41 (D22)
Nearest MRT station: Lakeside MRT
Median price: $1,317 psf
Total no. of units: 710
Sales update: 35 units sold in August

5) The Trilinq (OCR)
Developer: IOI Properties
Tenure: 99-year leasehold
Location: Clementi Avenue 6 (D5)
Nearest MRT station: Clementi MRT
Median price: $1,413 psf
Total no. of units: 755
Sales update: 30 units sold in August


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August 2016 Sales Of Executive Condominiums

332 units of Executive Condominiums were sold in the month of August 2016.

Treasure Crest EC: 56 units sold at a median price of S$745 psf
Sol Acres: 46 units sold at a median price of S$781 psf
Bellewods: 37 units sold at a media price of $781 psf

AMID a lack of new residential project launches in August, executive condominiums (ECs) turned out to be best sellers.

Developers sold a total of 805 private residential units and EC units in August, down from July’s 1,921 units – with ECs taking up 41 per cent of the sales volumes in August.

Excluding ECs, some 473 private residential units were moved in August, about 8 per cent fewer than a year ago. But this marked a 57 per cent plunge from the active month of July, though the number of units launched (590 units) in August was only a 5 per cent fewer than in July.

The numbers were collated by the Urban Redevelopment Authority (URA) through a developers’ survey.

The only project launch in August was Victoria Park Villas, CapitaLand’s 99-year-leasehold landed project in District 10. The project sold only one unit in August for S$1,981 per square foot (psf) based on land area but had earlier moved seven units prior to its official launch.

The top three sellers in August were EC projects. Sim Lian’s Treasure Crest in Sengkang sold another 56 units in August at a median price of S$745 psf, followed by MCL’s Sol Acres in Choa Chu Kang where 46 units moved at a median S$781 psf. Qingjian Realty sold 37 units in its Woodlands EC project Bellewoods at a median S$769 psf.


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Anchorvale Lane EC site awarded

A hotly contested executive condominium (EC) site at Anchorvale Lane in Sengkang was awarded to Hoi Hup Realty and Sunway Developments on Monday (5 September), after the developers jointly submitted the top bid of $241 million, which translates to $355 psf per plot ratio, said the Housing and Development Board (HDB).

Launched for sale on 29 June under the confirmed list of the second half 2016 Government Land Sales (GLS) Programme, the 2.1ha site attracted 16 bids before the tender closed two weeks ago.

“The race to acquire land has become more intense given that this is the last EC site that will come on the market for the rest of the year,” said Desmond Sim, Head, CBRE Research, Singapore and South East Asia.

Located beside Punggol Reservoir, it is within proximity to the Tongkang LRT station and schools.

The 99-year leasehold site is expected to yield 635 units, said the HDB.