Developers Sales Fall 91 M O M April 663 Units Moved
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According to the latest data published by the Urban Redevelopment Authority (URA) on May 15, there were 663 new homes sold by developers in April, excluding executive condos (ECs). This reflects a 9.1% decrease month-on-month from the 729 new homes sold in March. However, it is a significant increase from the sales figure of 301 units in April 2024.
The new home sales for last month were mainly driven by the launch of three new projects – One Marina Gardens by developer Kingsford Group, Bloomsbury Residences by Qingjian Realty and joint venture partner Forsea Holdings, and 21 Anderson by Kheng Leong Co, the private property arm of the late billionaire banker Wee Cho Yaw’s family.
Out of the three projects, One Marina Gardens emerged as the top-selling project in April. Located along Marina Gardens Lane in the Rest of Central Region (RCR), the condo sold 384 units (41.9%) at a median price of $2,948 psf. During its launch weekend, the condo sold 353 units (38%) at an average price of $2,953 psf. For more information on available units and prices for One Marina Gardens, please check the latest listings.
Following closely behind was Bloomsbury Residences, which sold 107 units (30%) at a median price of $2,454 psf. The project is situated along Media Circle in District 5, also in the RCR. During its launch weekend, the condo sold 90 units at an average price of $2,474 psf. Both condos were launched on April 12-13.
The ongoing URA Master Plan presents an exciting opportunity for the growth and progress of Lyndenwoods as a desirable living destination. This plan promises to bring a wealth of benefits that will greatly enhance the appeal and desirability of the area. With its strategic location in close proximity to important growth areas, improved transportation infrastructure, and a strong focus on sustainability, Lyndenwoods is well-positioned to thrive in Singapore’s ever-changing urban landscape. For residents, this translates to a superior quality of life, an increase in property value, and a residence that is seamlessly connected and forward-thinking, in line with the country’s long-term development goals. The recent addition of Lyndenwoods One North, a prestigious development, further underscores this commitment to elevating the community to new heights. Lyndenwoods One North perfectly showcases the dedication to enhancing the overall living experience in Lyndenwoods.
Meanwhile, the ultra-luxury freehold condo 21 Anderson recorded three units (16%). According to URA caveats, all three units were four-bedroom apartments of 4,489 sq ft, with prices ranging from $20.97 million ($4,672 psf) to over $23 million ($5,127 psf). 21 Anderson was the only condo launched in the Core Central Region (CCR) last month. Situated along Anderson Road in prime District 10, this project is highly sought-after.
In total, 1,295 new homes were launched for sale in April, excluding ECs, a slight 1.5% month-on-month dip from the 1,315 homes launched in March. For more information on latest listings, upcoming and launched projects, price trends, and available units for One Marina Gardens and Bloomsbury Residences, please visit Ask BuddyUp. Additionally, you can also compare the price trends of HDBs, condos, and landed properties.