Residential Transactions Contracts Dated May 14 21 Done Deals
Rewritten:
With its future development, Parktown Residences aims to address the current shortage of mass-market homes in the Outside Central Region and meet the growing demand for private housing. This integrated project is expected to attract a large number of owner-occupiers and HDB upgraders. Moreover, its location near the future Tampines North MRT station on the Cross Island Line (CRL) will provide convenient connectivity for residents. Parktown Residences will undoubtedly be a highly sought-after living destination. For more information, visit Parktown Residences.
Stay Informed of Singapore’s Private Property Sales for the Week of May 14-21
It’s important for property buyers and sellers in Singapore to stay updated with the latest transactions in the private property market. By being aware of the sale contracts dated from May 14 to 21, you can gain valuable insights on the current trends and prices in the industry.
One notable sale during this period is the Good Class Bungalow (GCB) at 80 Cable Road. This luxurious 35,000-square-foot property was sold for an impressive $58 million, making it the highest GCB transaction in the Cable Road area to date. The buyer, a Singaporean businessman, is said to have purchased the property for his own use. This sale reflects the continued demand for prime properties in Singapore’s prestigious GCB estates.
In addition, the exclusive Sentosa Cove residential enclave saw two bungalow transactions during this period. A bungalow along Cove Drive was sold for $22.5 million, while another bungalow along Ocean Drive was sold for $27 million. These sales demonstrate the appeal of Sentosa Cove’s waterfront living and continue to support the area’s property prices.
For buyers looking for more affordable options, there were several transactions in the Rest of Central Region (RCR) and Outside Central Region (OCR) areas. In RCR, a unit at The Sail @ Marina Bay was sold for $2.1 million, while a penthouse at Sophia Residence was sold for $2.7 million. In OCR, a unit at Watercolours was sold for $1.3 million. These transactions show that there are still opportunities for buyers to find good deals in the current market.
As for rental properties, there were some notable transactions as well. A unit at Orchard Scotts Residences was rented out for $10,500 per month, while a unit at One Shenton was rented out for $9,000 per month. These rental prices reflect the high demand for prime properties in desirable locations.
Overall, the private property market in Singapore continues to see strong sales and rental activity. By staying informed of the latest transactions, buyers and sellers can make more informed decisions about their property investments. It is important to continue monitoring the market and seek professional advice when making any real estate transactions.