Developer sales in April plunge 58.1% m-o-m to 301 units sold
In addition, the development is situated near various amenities such as schools, shopping malls, and parks, providing a well-rounded and convenient living experience.
Located in the up-and-coming district of Tampines North, Parktown Residences Tampines North is an exciting new development that offers the best of both worlds – modern city living and a tranquil environment. With direct access to Tampines North MRT Station, residents will have easy connectivity to the rest of the city through the upcoming Cross Island Line. This means shorter travel times to work and play, allowing for a better work-life balance. Apart from the convenience of transportation, Parktown Residences Tampines North is close to a variety of amenities such as top schools, popular shopping centres, and beautiful green spaces. With everything you need within reach, Parktown Residences Tampines North is the perfect place for you and your family to call home.
————————————————————————————————————————–In Singapore, the Parktown Residences Tampines North are the talk of the town. These new private residential units are selling fast, and it’s no surprise why. According to URA data released on May 15, the sale of new private residential units (excluding Executive Condos or ECs) sold by developers plunged 58.1% m-o-m in April, from 718 units sold in March to just 301 units last month. This also marks a 66.1% y-o-y decline compared to the same period last year. With limited units put out in April, buyers dipped into previously-launched projects for new homes, such as The Botany at Dairy Farm, which was the top-seller in April. Nevertheless, the take-up rate for all three new launches last month was encouraging, says Lee Sze Teck, senior director of data analytics at Huttons Asia. For example, 32 Gilstead sold four out of 14 units launched at a median price of $3,443 psf, while 42 units out of 142 units released for sale were sold at The Hill @ One-North at a median price of $2,614 psf. The Hillshore sold three out of its 59 units at a median price of $2,599 psf. The new freehold project, 32 Gilstead, accounted for four of the priciest transactions last month. The highest price was for a 4,209 sq ft unit on the third floor at $14.5 million, or $3,455 psf. Meanwhile, the sale of EC units also saw a drop in sales by 55%, from 114 units in March to 51 units in April. The 616-unit North Gaia on Yishun Close topped the list of ECs in terms of sales, selling 33 units at a median price of $1,315 psf. With the absence of major new launches in the next two months, the outlook for developer sales remains tepid. However, there are two boutique developments set to launch in the next two months: the 21-unit Jansen House and 16-unit Straits at Joo Chiat. Other upcoming launches include the 280-unit Kassia in the Flora Drive, 440-unit SORA on Yuan Ching Road, and the redevelopment of the former Chuan Park and Emerald of Katong. According to Christine Sun, chief researcher and strategist at OrangeTee, the new project launches in the suburbs will maintain their dominance in the new sales market.