The month of October is gearing up to be a bumper month for developers as they sold 979 condo units and 158 EC units for a grand total of 1,137 units – all within the first 20 days of the month.
Buoyed by the impressive developer sales at Forest Woods and The Alps Residences contributed 357 and 317 units respectively, the spillover effects are visible as other projects which had slow sales numbers previously have suddenly come alive within the last few weeks.
Top Developments for October (up to 20th Oct)
| Forest Woods | 357 |
| The Alps Residences | 317 |
| Stars of Kovan | 26 |
| Kingsford Waterbay | 20 |
| The Trilinq | 17 |
| The Glades | 15 |
| Sophia Hills | 15 |
| Lake Grande | 15 |
| The Santorini | 14 |
| Symphony Suites | 13 |
| Trilive | 11 |
| The Venue Residences | 10 |
| Riverbank @ Fernvale | 10 |
Top ECs for October (to 20th Oct)
| The Terrace | 32 |
| Sol Acres | 20 |
| Wandervale | 14 |
| The Visionaire | 14 |
| Westwood Residences | 13 |
| The Brownstone | 10 |
There is no clear reason for this spike in buying but the launch of Forest woods and the Alps Residences have attracted potential buyers sitting on the sidelines to visit the showrooms. With developers reporting thousands of visitors, those who did not purchase the 2 top developments may have bought other places instead.
Best month for the year
| Month | Units Sold |
| Jan | 324 |
| Feb | 303 |
| Mar | 843 |
| Apr | 750 |
| May | 1,058 |
| Jun | 536 |
| Jul | 1,092 |
| Aug | 468 |
| Sep | 509 |
| Oct (20th) | 1,137 |
There is one more week to go in the month but this is already the best performing month this year. Under the current trajectory, and with 1 more weekend to go, we may see a total of 1,300 units sold this month. To give you another perspective, October 2015 saw 549 developer units sold. This is already more than 100 percent year-on-year growth at the current numbers. It looks like the buyers have all come out from hiding.
With the upcoming launches of Parc Riviera and Queens Peak, we may see this strong trend extend into November. If you are considering a developer unit, sign up at our form to receive the latest updates and market trends.
About Kian Khai
Looking to sell your property?
Whether your HDB apartment is reaching the end of its Minimum Occupation Period (MOP) or your condo has crossed its Seller Stamp Duty (SSD) window, it is always good to know how much you can potentially gain if you were to list and sell your property. Not only that, you’ll also need to know whether your gains would allow you to right-size to the dream home in the neighbourhood you and your family have been eyeing.
One easy way is to send us a request for a credible and trusted property consultant to reach out to you.
Alternatively, you can jump onto 99.co’s Property Value Tool to get an estimate for free.
If you’re looking for your dream home, be it as a first-time or seasoned homebuyer or seller – say, to upgrade or right-size – you will find it on Singapore’s fastest-growing property portal 99.co.
Meanwhile, if you have an interesting property-related story to share with us, drop us a message here — and we’ll review it and get back to you.
Join our social media communities!
Facebook | Instagram | TikTok | Telegram | YouTube | Twitter
Leave a comment