Huttons’ comments on November developer sales numbers

EDM-Developer-Sales-Infographic-November

Developer launched 1,375 units for sale and sold 767 units. The number of units sold is 18.9% higher than October 2020 and 34.2% lower than a year ago. November saw two new launches – The Linq @ Beauty World and The Landmark. Both projects sold extremely well. The Linq @ Beauty World moved 116 units on the first day while The Landmark sold 109 units.

Read Also Mega Development Launch in 2021  – Normanton Park

The sales figures for November is an indication that many buyers do not need an extension of their option to purchase. This is a testament of the depth of the market. Hence any impact of the policy change on sales is limited.

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The top ten private residential projects for November 2020 are:

Top 10 Residential Projects
Top 10 Residential Projects

Know More : Forett at Bukit Timah, Freehold Condo and Minutes Beauty World MRT

December 2020 is going to see very strong sales of around 900 to 950 units. We revise our forecast for 2020 slightly upwards to 9,600 to 9,700 units on the back of superb results from Clavon and Ki Residences at Brookvale. This is only slightly lower than 2019’s 9,912 units.

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The market is gearing up for three launches in Jan 2021 – Normanton Park, Parc Central Residences and The Reef at King’s Dock.

Watch out for this Launch – Clavon Condo @ Clementi, Mega Development in 2020

Discerning buyers are aware of great projects in the market and are swooping in to snap them up

Read About : Super Prime Potential Location, One Pearl Bank by Capitaland

There are still many buyers out there who can afford to make purchase without an extension of OTP.

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