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A snapshot of resale condo prices
Resale condo prices were more resilient than their new launch counterparts. Prices averaged $1,337 psf in end-May, despite falling sales volumes. The average was also pulled up by The Marq on Paterson Hill, where a penthouse unit was sold for $13.3 million, or about $4,305 psf.
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Resale volumes have dropped to 1,317 units, down from 1,643 units the month before. The reason is similar to the drop in new launch counterparts – realtors are facing the challenge of having only two persons (including the agent) at home viewings.
Some realtors have expressed that the situation is worse for resale than for new launch condos. One of them explained that:
April 29, 2021
Stackedhomes
Two of the hottest Government Land Sales (GLS) sites have been put up for grabs – and for property buyers looking ahead, they’re definitely worth monitoring.
Whichever projects come up here are likely to be headline developments, and developers are going to fight tooth and nail this time around. Here’s why these may be the two best sites we see this year:
The Lentor Central GLS sites
1.72 hectares, able to yield 605 homes
Walking distance (est. 500 to 600 metres) to upcoming Lentor MRT station
Surrounded by mostly low-density housing
GPR of 3.5
Very few alternative condos nearby
The Lentor Central plot is located close to Florissa Park and Lentor Drive. We’re surprised to see this plot given a GPR of 3.5, as this area has long been regarded as a landed enclave.
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