Revealed: The Top 10 Best-Selling Projects in January 2020

In the latest URA sales data, developers sold a total of 618 units (excluding ECs) in January. 

Interestingly, this figure is also the highest January sales figure since 2013. Sales were also 14.9% higher compared to December 2019, and 41.3% higher compared to January 2019. 

“We believe the sales volume in January reflected the underlying demand for homes, with competitively priced projects gaining a fair share of buyers,” said Tricia Song, Head of Research for Singapore at Colliers International.

Top 10 Best-Selling Projects in January 2020 (including EC)

Project Developer Locality Total (units) Cumulative units launched to date Cumulative units sold to date Units sold in the month Median psf
JadeScape Qingjian Realty (Marymount)  RCR 1,206 800 625 56 $1,690
Treasure at Tampines Sim Lian Group  OCR 2,203 950 921 50 $1,371
Parc Esta MCL Land RCR 1,399 1,075 1,053 44 $1,685
Parc Botannia Fervale Green OCR 735 735 708 39 $1,371
Parc Clematis SingHaiyi Gold OCR 1,468 665 564 39 $1,610
Leedon Green Yanlord Land Group and MCL CCR 638 50 35 35 $2,782
The Avenir GuocoLand CCR 376 40 24 24 $3,245
Piermont Grant CDL and TID Pte Ltd OCR 820 820 475 20 $1,091
Avenue South Residence UOL Group RCR 1,074 500 460 18 $2,028
View At Kismis Roxy-TE2 Development RCR 186 80 69 16 $1,698

Source: URA

Meanwhile, January’s sales was led by projects in the Rest of Central Region (RCR), which accounted for 41.9% of the total sales (excluding EC), followed by the Outside Central Region (OCR) at 36.6%, according to Christine Sun, Head of Research & Consultancy at Orange Tee & Tee.

READ: The FULL List Of Condos Launching In 2020

“The proportion of sales in the luxury segment or Core Central Region (CCR) rose to its highest level since January 2019 (29.8 per cent) at 21.5 per cent. The higher luxury sales proportion could be attributed to more high-end projects launched in January, including the 376-unit The Avenir, 638-unit Leedon Green and 69-unit Van Holland, which collectively sold 74 units last month,” Christine says.

New Property Launches in January 2020

Project Developer Locality Total units Units launch in the month Units sold in the month Median psf
Leedon Green Asia Radiant Pte Ltd CCR 638 50 35 $2,782
The Avenir GuocoLand Limited CCR 376 40 24 $3,245
Van Holland Koh Brothers CCR 69 69 15 $2,988

Source: URA

 

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