22 May '17, 3am

Singapore posts higher sales in upscale condos

Better sales in 2016 can be attributed to a good selection of choice units in completed developments such as Tomlinson Heights, Leedon Residence (pictured) and TwentyOne Angullia Park (Image: Artist’s Impression) . Sale of luxury condos and private apartments costing at least S$10 million increased to 36 units last year, reported The Business Times, citing URA Realis caveats data compiled by Savills. This is up from 21 units in 2015 and 24 units in the preceding year. Sales momentum also continued this year, with 16 transactions for the first four months of 2017. Savills Singapore’s Head of Research Alan Cheong attributes last year’s higher sales to attractive pricing due to price drops, while developers intensified their marketing efforts to dispose all their remaining units within two years of obtaining the project’s Temporary Occupation Permit (TOP) or to sell as many u...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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