141 OCR condos sold above $2m in July

The Outside Core Central Region led the new home sales market last month.

The Outside Central Region (OCR) condo market breached a new high in July, with 397 new sales breaking the December 2020 record of 293 units.

Amongst those sales, 141 units sold for at least $2m.

The OCR saw the highest number of new home sales last month. Including executive condominiums, new home sales increased by 81.3% month-on-month to 1,744 units.

“The new home sales performance in July 2021 was boosted by the buzzing OCR sub-market which saw over 1,000 units being transacted. We believe that the catalyst to the exuberance was the recent GLS tender activity where Ang Mo Kio Avenue 1 and Lentor Central received top bids of $1,118 psf ppr and $1,204 psf ppr respectively from developers. The news of aggressive land prices triggered many to realize that future launch prices are likely to rise further,” said Propnex CEO Ismail Gafoor in a statement.

Follow the links for more news on

OrangeTee

PropNex

luxury condo sales

private home sales

Also Read

One Sophia sells 30% of units at weekend launch

Turf City sites could deliver up to 800 public housing units: Huttons

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit