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Smaller Condos Make The Bulk Of New Sales In Q3

Smaller Condos Make The Bulk Of New Sales In Q3 Victor Kang  •  November 25, 2019 New sales of condominiums below 500 sq ft rose to 15.1% this quarter, compared to 13.6% in Q2 2019. Condos between 700 sq ft and 1,000 sq ft also increased from 30.3% to 33.5% in the same period Given their more affordable price quantum, smaller condos – or those measuring below 1,000 square feet (sq ft) – made up 81.7% of total new sales in the third quarter of 2019, reported Singapore Business Review citing Edmund Tie Research. The percentage of condominium sales measuring less than 500 sq ft rose from 13.6% in Q2 to 15.1% in Q3, while those measuring between 700 sq ft and 1,000 sq ft increased from 30.3% to 33.5%. The proportion of all other unit sizes, however, dropped. Hence, there was a bigger share of units priced below $1.5 million. Units priced between $1 million and $1.5 million substantially increased from 40.7% in Q2 to 47.1% in Q3. Victor Kang, Digital Content Specialis

Shoebox resales still active (last 6 months)

Taken from URA: Project Name Street Name Type Postal District Market Segment Tenure Price ($) Area (Sqft)¹ Floor Level Unit Price ($psf)³ Date of Sale⁴ PRESTIGE HEIGHTS BALESTIER ROAD Apartment 12 RCR Freehold 488,000 334 11 to 15 1,462 Sep-19 LE REGAL GEYLANG ROAD Apartment 14 RCR Freehold 495,000 366 01 to 05 1,353 May-19 JUPITER 18 LORONG 102 CHANGI Apartment 15 RCR Freehold 500,000 388 01 to 05 1,290 Oct-19 PRESTIGE LOFT TELOK KURAU ROAD Apartment 15 OCR Freehold 500,000 388 01 to 05 1,290 Aug-19 PRESTIGE HEIGHTS BALESTIER ROAD Apartment 12 RCR Freehold 520,000 334 11 to 15 1,558 Oct-19 ROYCE RESIDENCES LORONG 6 GEYLANG Apartment 14 RCR Freehold 530,000 420 06 to 10 1,263 Oct-19 CENTRA RESIDENCE LORONG 7 GEYLANG Apartment 14 RCR Freehold 530,000 398 01 to 05 1,331 Aug-19 SUITES@BRADDELL BRADDELL ROAD Apartment 13 OCR Freehold 530,888 398 01 to 05 1,333 Sep-19 SUITES @ EASTCOAST UPPER EAST COAST ROAD Condominium 15 OCR Freehold 540,000 366 01 to 05 1,476 Jul-19 EDENZ