{"id":50665,"date":"2022-04-18T14:47:30","date_gmt":"2022-04-18T06:47:30","guid":{"rendered":"https:\/\/www.99.co\/singapore\/insider\/?p=50665"},"modified":"2026-03-13T11:15:24","modified_gmt":"2026-03-13T03:15:24","slug":"new-private-home-sales-up-20-7-march-2022","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/new-private-home-sales-up-20-7-march-2022\/","title":{"rendered":"New private home sales up by 20.7% in March 2022"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div><p>As the Chinese New Year lull period has passed, <a href=\"https:\/\/www.ura.gov.sg\/realEstateIIWeb\/price\/search.action\" target=\"_blank\" rel=\"noopener\">developer sales<\/a> (excluding Executive Condominiums) have increased by 20.7% last month. According to URA\u2019s sales data, 654 new private homes were sold in March, compared to 542 units sold in February.<\/p>\n<p>Nevertheless, new sales excluding ECs declined by 49.5% year-on-year, according to Christine Sun, Senior Vice President of Research and Analytics at OrangeTee &amp; Tie.<\/p>\n<p>Including ECs, 702 units were sold last month, translating to a 22.3% jump from the 574 units sold in February.<\/p>\n<h2>Best-selling new projects<\/h2>\n<p>The best-selling <a href=\"https:\/\/www.99.co\/singapore\/new-launches\" target=\"_blank\" rel=\"noopener\">new projects<\/a> last month include <a href=\"https:\/\/www.99.co\/singapore\/condos-apartments\/normanton-park\" target=\"_blank\" rel=\"noopener\">Normanton Park<\/a>, <a href=\"https:\/\/www.99.co\/singapore\/condos-apartments\/the-florence-residences\" target=\"_blank\" rel=\"noopener\">The Florence Residences<\/a>, <a href=\"https:\/\/www.99.co\/singapore\/condos-apartments\/ki-residences-at-brookvale\" target=\"_blank\" rel=\"noopener\">Ki Residences at Brookvale<\/a>, <a href=\"https:\/\/www.99.co\/singapore\/condos-apartments\/one-pearl-bank\" target=\"_blank\" rel=\"noopener\">One Pearl Bank<\/a>, <a href=\"https:\/\/www.99.co\/singapore\/condos-apartments\/leedon-green\" target=\"_blank\" rel=\"noopener\">Leedon Green<\/a>, <a href=\"https:\/\/www.99.co\/singapore\/condos-apartments\/avenue-south-residence\" target=\"_blank\" rel=\"noopener\">Avenue South Residence<\/a>, <a href=\"https:\/\/www.99.co\/singapore\/condos-apartments\/the-avenir\" target=\"_blank\" rel=\"noopener\">The Avenir<\/a>, <a href=\"https:\/\/www.99.co\/singapore\/condos-apartments\/provence-residence\" target=\"_blank\" rel=\"noopener\">Provence Residence<\/a>, <a href=\"https:\/\/www.99.co\/singapore\/condos-apartments\/verticus\" target=\"_blank\" rel=\"noopener\">Verticus<\/a> and <a href=\"https:\/\/www.99.co\/singapore\/condos-apartments\/amber-park\" target=\"_blank\" rel=\"noopener\">Amber Park<\/a>.<\/p>\n<figure id=\"attachment_50666\" aria-describedby=\"caption-attachment-50666\" style=\"width: 600px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/04\/Best-selling-projects.jpeg\" class=\"img-link media-img img-link media-img\"><img decoding=\"async\" class=\"wp-image-50666\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/04\/Best-selling-projects.jpeg\" alt=\"best selling new launch projects in March 2022\" width=\"600\" height=\"207\" srcset=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/04\/Best-selling-projects.jpeg 1600w, https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/04\/Best-selling-projects-1536x530.jpeg 1536w, https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/04\/Best-selling-projects-1440x500.jpeg 1440w, https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/04\/Best-selling-projects-150x52.jpeg 150w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><\/a><figcaption id=\"caption-attachment-50666\" class=\"wp-caption-text\">Source: URA, OrangeTee &amp; Tie Research &amp; Analytics<\/figcaption><\/figure>\n<p>Notably, Provence Residence, a new EC launched last May, is 99.3% sold out. According to URA\u2019s monthly data, the development has only three unsold units left.<\/p>\n<p>Given the <a href=\"https:\/\/www.99.co\/singapore\/insider\/cooling-measures-announced-absd-tdsr-ltv-16-december-2021\/\" target=\"_blank\" rel=\"noopener\">latest round of cooling measures<\/a>, <a href=\"https:\/\/www.99.co\/singapore\/insider\/buy-ec-more-attractive-post-cooling-measures\/\" target=\"_blank\" rel=\"noopener\">ECs are expected to draw even higher demand<\/a>. One of the most anticipated new launches is <a href=\"https:\/\/www.99.co\/singapore\/condos-apartments\/reviews\/north-gaia\" target=\"_blank\" rel=\"noopener\">North Gaia<\/a> EC, which is slated to launch on 22 April.<\/p>\n<p>Buyers are also keeping an eye on upcoming projects like <a href=\"https:\/\/www.99.co\/singapore\/condos-apartments\/vela-bay\" target=\"_blank\" rel=\"noopener\">Vela Bay<\/a>, which will add new residential options in the East Coast area.<\/p>\n    <section id=\"portal-widget-tab-panel-6ac4ee70b0967\" class=\"portal-widget-tab-panel\">\n        <div class=\"swiper-container\" id=\"swiper-container-6ac4ee70b0967\">\n                        <div class=\"row-title-widget\">\n                <div class=\"portal-widget-carousel-title-left\"><h4 class=\"portal-widget-title\">New launch units <\/h4><\/div>\n                <div class=\"portal-widget-carousel-title-right text-right\"><span class=\"portal-widget-see-all-link link-top\"><a href=\"\" class=\"nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale?isFilterUnapplied=false&amp;is_new_launch=true&amp;listing_type=sale&amp;map_bounds=1.5827095153768858%2C103.49449749970108%2C1.1090706240313446%2C104.12483807587296&amp;page_num=1&amp;page_size=35&amp;property_segments=residential&amp;query_coords=1.3039947%2C103.8298507&amp;query_limit=radius&amp;query_type=city&amp;radius_max=1000&amp;rental_type=unit&amp;show_cluster_preview=true&amp;show_description=true&amp;show_future_mrts=true&amp;show_internal_linking=true&amp;show_meta_description=true&amp;show_nearby=true&amp;zoom=11&utm_source=blog&utm_medium=widget\">See all listings<\/a><\/span><\/div>\n            <\/div>\n                        <div class=\"portal-widget-carousel swiper-wrapper\">\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/ovvCFz2bh6usgmnQD3P9hf?text=Murphy+Lee&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=ae8353222d7111fd66c71b66002cf164789ed9ab\" alt=\"Dunearn House Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">Dunearn House<\/div>\n                            <div class=\"card-text card-subtitle\">760 Dunearn Rd \u00b7 D11<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>2<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>2<\/span>\n                                <\/div>\n                                <div >\n                                    <span>667 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 1,924,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/dunearn-house-condo-79wuD6skjCWmfrQr82Uv2H?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                            <div class=\"portal-widget-formatted-tags\">\n            <\/div>\n                        <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/w3qV4KtNsxxdo4NWoZChAh?text=Rizal+Tan&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=75ce0496ff20141f48125f17dba24f47d8dd2b3c\" alt=\"Artisan 8 Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">Artisan 8<\/div>\n                            <div class=\"card-text card-subtitle\">8 Sin Ming Rd \u00b7 D20<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>5<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>4<\/span>\n                                <\/div>\n                                <div >\n                                    <span>1,884 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 4,458,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/artisan-8-condo-QLvchBMYsFGtG24c4Y3vGy?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                            <div class=\"portal-widget-formatted-tags\">\n            <\/div>\n                        <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/RY49HunXxGrNJL82W5QxEf?text=Rizal+Tan&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=543d422c16cf1fcb57c7709d42a9776e3f3ebc4c\" alt=\"Artisan 8 Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">Artisan 8<\/div>\n                            <div class=\"card-text card-subtitle\">8 Sin Ming Rd \u00b7 D20<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>4<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>4<\/span>\n                                <\/div>\n                                <div >\n                                    <span>1,711 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 4,032,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/artisan-8-condo-JnWPJJWYCB3AFJ7L3Rye8x?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                            <div class=\"portal-widget-formatted-tags\">\n            <\/div>\n                        <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/ZzTFvax7fKFVheRoHkjfZW?text=Rizal+Tan&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=103f7e8d81fc8e8e517d6499d3289f7177ea8989\" alt=\"Artisan 8 Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">Artisan 8<\/div>\n                            <div class=\"card-text card-subtitle\">8 Sin Ming Rd \u00b7 D20<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>4<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>3<\/span>\n                                <\/div>\n                                <div >\n                                    <span>1,313 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 3,156,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/artisan-8-condo-iqhDCLLbUZDGZfV2pnqw2f?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/iT5tHrzYFxmR87qiRhvvwe?text=Yee+ann+Teo&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=7e0493b3bb84ab101df5871d71f4240951dc4b13\" alt=\"Norwood Grand Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">Norwood Grand<\/div>\n                            <div class=\"card-text card-subtitle\">10 Champions Way \u00b7 D25<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>3<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>2<\/span>\n                                <\/div>\n                                <div >\n                                    <span>904 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 2,350,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/norwood-grand-condo-iT3ratbt5VKnhokgNDcbtZ?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/XYP7pW8BevL8U2fnQjF94b?text=Toh+Chee+Kiang&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=4ac0f4bc6567c532642668e7ebce0a60e5704db8\" alt=\"Pinery Residences Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">Pinery Residences<\/div>\n                            <div class=\"card-text card-subtitle\">Tampines St 93 \u00b7 D18<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>4<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>4<\/span>\n                                <\/div>\n                                <div >\n                                    <span>1,389 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 3,375,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/pinery-residences-condo-5dTEunBZnN79GG6HTFjAGN?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/YXZ6N5MjFFNbBTVb6i93Gm?text=Lex+Findahome&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=53d22e0df14555e83ed5c85b0cc1c3266ad5ce0d\" alt=\"Grand Dunman Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">Grand Dunman<\/div>\n                            <div class=\"card-text card-subtitle\">10 Dunman Rd \u00b7 D15<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>2<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>2<\/span>\n                                <\/div>\n                                <div >\n                                    <span>721 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 2,198,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/grand-dunman-condo-gDv5QTb4Btn5bArLDN5BmN?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/EGGrq2oLG8PndwTbM9jC82?text=Murphy+Lee&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=ad682939d7fecc16d8b563a7a0b8ad77cc6a2f48\" alt=\"Thomson Reserve Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">Thomson Reserve<\/div>\n                            <div class=\"card-text card-subtitle\">11A Bright Hill Dr \u00b7 D20<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>2<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>2<\/span>\n                                <\/div>\n                                <div >\n                                    <span>732 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 1,903,200<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/thomson-reserve-condo-7Po65bwANydsngNjxRxmAg?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/MUc4kuuUqCC22MVEg2ZiBG?text=Murphy+Lee&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=ccc88667a04883c921d9e342a6dd61fc44e2297d\" alt=\"Thomson Reserve Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">Thomson Reserve<\/div>\n                            <div class=\"card-text card-subtitle\">11A Bright Hill Dr \u00b7 D20<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>3<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>3<\/span>\n                                <\/div>\n                                <div >\n                                    <span>1,152 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 2,998,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/thomson-reserve-condo-G8ACNNbyLK6SKAbFNt5ZT4?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                            <div class=\"portal-widget-formatted-tags\">\n            <\/div>\n                        <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/v92fAA9S9qvsvKANBocm42?text=Seah+Siew+Lin&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=9c446230db15a2cb02aaa169433e47c4cd037824\" alt=\"Lucerne Grand Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">Lucerne Grand<\/div>\n                            <div class=\"card-text card-subtitle\">34 Lakeside Dr \u00b7 D22<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>3<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>2<\/span>\n                                <\/div>\n                                <div >\n                                    <span>883 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 2,004,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/lucerne-grand-condo-9rKKNd2qvUUaSwopaSKJJT?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                            <\/div>\n            <!-- Add Arrows -->\n            <div class=\"swiper-button-next\"><\/div>\n            <div class=\"swiper-button-prev\"><\/div>\n                    <\/div>\n    <\/section>\n\n<p>&nbsp;<\/p>\n<h2>A higher proportion of pricier condos sold<\/h2>\n<p>\u201cDespite the cooling measures, pricier condominiums are forming a more significant proportion of transactions,\u201d said Sun.<\/p>\n<p>Citing URA\u2019s Realis data, she pointed out that 75.9% (1,302 units) of the non-landed transactions (excluding EC) were at least S$1.5 million in Q1 2022. In the same quarter, 41.6% (713 units) were sold for at least S$2 million, while 3.1% (53 units) were priced at S$5 million and above.<\/p>\n<p>In contrast, 46.2% (1,567 units) of the total new condominiums were sold for at least S$1.5 million in Q1 2021. In the same period, transactions of at least S$2 million were 17.9% (608 units), and 0.6% (20 units) for those S$5 million and above.<\/p>\n<p>Sun explained that the higher price tags were due to more launches in the CCR and RCR in recent months.<\/p>\n<p>\u201cPrices of homes have also been creeping up over the past year, driven by a shortage of supply.\u201d<\/p>\n<p>At the same time, the <a href=\"https:\/\/www.99.co\/singapore\/insider\/refinancing-credit-score\/\" target=\"_blank\" rel=\"noopener\">interest rate hike<\/a> by the Feds may also have prompted more to buy property now.<\/p>\n<p>\u201cThe upward adjustment of mortgage rates seems to be spurring more buyers to return to the market. Some on-the-fence buyers plan to lock in home loans before they climb higher, as a steep hike in borrowing rates may price some upgraders out of the market.\u201d<\/p>\n<h2>Would you buy a new launch or resale condo? Let us know in the comments section below or on our Facebook <a href=\"https:\/\/www.facebook.com\/99dotco\/posts\/2259141884239280\" target=\"_blank\" rel=\"noopener\">post<\/a>.<\/h2>\n<p>If you found this article helpful, 99.co recommends <a href=\"https:\/\/www.99.co\/singapore\/insider\/prices-resale-condo-march-2022\/\" target=\"_blank\" rel=\"noopener\">Resale condo prices up by 0.8% in March 2022, with the highest price increase in the OCR<\/a> and <a href=\"https:\/\/www.99.co\/singapore\/insider\/woman-denied-bukit-timah-court-matrimonial-home-asset\/\" target=\"_blank\" rel=\"noopener\">Woman denied share in Bukit Timah house when court ruled that it\u2019s not her \u2018matrimonial home\u2019<\/a>.<\/p>\n<p>Looking for a property? Find the home of your dreams today on Singapore\u2019s fastest-growing <a href=\"https:\/\/www.99.co\/?utm_source=blog%20main%20site%20conversion\">property portal 99.co<\/a>! If you would like to estimate the potential value of your property, check out <a href=\"https:\/\/www.99.co\/singapore\/property-value-tool\">99.co\u2019s Property Value Tool<\/a> for free. Also, don\u2019t forget to join our Facebook<a href=\"https:\/\/www.facebook.com\/groups\/yourpropertycommunity\">community page<\/a> or Telegram <a href=\"https:\/\/go.99.co\/telegram-blog\">chat group<\/a>! Meanwhile, if you have an interesting property-related story to share with us, drop us a message <a href=\"mailto:marketing@99.co\">here<\/a> \u2014 and we\u2019ll review it and get back to you.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As the Chinese New Year lull period has passed, developer sales (excluding Executive Condominiums) have increased by 20.7% last month. According to URA\u2019s sales data, 654 new private homes were sold in March, compared to 542 units sold in February. Nevertheless, new sales excluding ECs declined by 49.5% year-on-year, according to Christine Sun, Senior Vice&hellip;<\/p>\n","protected":false},"author":111,"featured_media":45297,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","_lmt_disableupdate":"no","_lmt_disable":"no","_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[53601,53725,53738,57131],"tags":[53770,57066,57067,55730],"persona":[],"class_list":{"2":"type-post","15":"entry","16":"has-post-thumbnail"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.7.1 (Yoast SEO v25.7) - 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