OCR sells record 397 new homes in July, 141 units sold above $2mil
The OCR hits a recent peak in July, with the 3hundred 97 latest exclusive homes offered outperforming the history 293 flats repositioned in Dec’20, mentioned SBR.
Out of these, One hundred Forty One were marketed for at minimum $Two million.
The OCR head June’s recent exclusive house transactions. Notably, SGP observed brand new residence transactions rise Eighty Two point Two percentage monthly to 1thousand 5hundred and 89 units in Jul2021.
Involving executive condo, brand-new apartment sales increased Eighty One point Three% month-on-month to 1thousand 7hundred 44 flats.
Propnex CEO Ismail Gafoor noticed in which the strong current house deal operation in Jul was enhanced by “the buzzing OCR sub-market which discovered well over 1,000 units getting bought”.
” We feel that the driver to the spirit happened to be the recent Government Land Sales bidding project whereby Ang Mo Kio Ave 1 along with Lentor Central gained leading bids of $1.118K per square feet per PR furthermore $1,204 per square foot ppr specifically coming from real estate investors,” he mentioned as mentioned by SBR.
” The information of bold land deals induced several to recognize in which forthcoming kick off deals are generally prone to increase even further.”