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Dec Top 5 best selling projects!

✨*LATEST based on data released by URA and HDB (For Q4 2020)*

📌Check out our comprehensive infographics to understand the current Private residential and Public Housing markets!

✨ *Read our full insights here*:
https://www.propnex.com/news-details/3951/residential-property-market-defied-pandemic-woes-in-2020-prices-hit-multi-year-quarterly-highs-in-q4-2020 ... See more

✨*LATEST based on data released by URA and HDB (For Q4 2020)*

📌Check out our comprehensive infographics to understand the current Private residential and Public Housing markets!

✨ *Read our full insights here*:
https://www.propnex.com/news-details/3951/residential-property-market-defied-pandemic-woes-in-2020-prices-hit-multi-year-quarterly-highs-in-q4-2020 ... See more

*How Resilient is the Singapore Real Estate Market during this COVID-19 Pandemic?*

LATEST DATA RELEASED BY URA ON PRIVATE PROPERTY SEGMENT (1Q 2020): ✨

Private New Home sales performed exceptionally well in 1Q2020, a 16.9% (y-o-y) increment as compared to the same time period in 2019. Despite the sales performance of the private new homes in the first quarter, we can expect a contraction in the second quarter. This follows after the extension of the circuit breaker measures to 1 June and the closure of all show flats.

With that being said, we are optimistic that projects that are rightly priced will continue to move in the coming months. We are projecting a sales volume in the range of 7,000 to 7,500 units for 2020. A 24% to 29% drop in private new home sales volume as opposed to the 9,912 units sold in 2019.

As for Private Resale segment, it is encouraging to observe a 11.9% rise in the volume of transactions on year-on-year basis.

Here's the pictorial infographics for your reference!

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(LATEST FROM URA) A total of 660 units of Private New Homes (Excluding ECs) were sold for the month of March 2020.✨

Chief Executive Officer of PropNex Realty, Mr Ismail Gafoor mentioned that, “Even though in the absence of major new project launches, sales for the month of March were commendable. Notably, the top 3 non-EC projects were Jadescape, Treasure At Tampines and Parc Esta. Each development moved more than 60 units each.”

Mr.Ismail further stated that, “Despite the current Covid-19 pandemic, rightly priced projects that were previously launched have been a pull-factor in attracting buyers and investors. A trend that we expect to continue in the aftermath of circuit breaker measures.”

Here's the pictorial infographics for your reference.

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A total of 618 units of Private New Homes (Excluding ECs) were sold for the month of January 2020!

The top 5 best-selling new launches for the month of January were Jadescape, Treasure At Tampines, Parc Esta, Parc Botannia, Parc Clematis. Jadescape (launched in Sep-2018) was the top selling development, with a total of 56 units sold at a median price of $1,690 psf. While, the second best-selling project was Treasure At Tampines, which sold a total of 50 units at a median price of $1,371 psf.

Here's the pictorial infographics for your reference.

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How can the value of your property withstand another decade in the real estate market? You HAVE to be INFORMED!

Join us for our upcoming Consumer Empowerment Seminar on 22 February!
Register here: https://mailchi.mp/52e31d19940b/9ke5x9zruh

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(TPE, CTE, SLE, KPE & ECP)

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