Chart of the Day: Check out Singapore’s best-selling private residential projects in January

How much were buyers willing to pay?

Singapore saw a jump in developer volumes last month, after two new private residential launches which attracted swarms of interested buyers.

According to a report by OrangeTee Research, new developer sales recorded 372 sales transactions (private residential not including EC) in January, up from 230 transactions in December. This represents a m-o-m jump of 62%.

The jump in developer volumes comes in the midst of two new private residential launches in January; Symphony Suites and Marine Blue. There were no new private residential launches in December last year. 415 non-landed private residential units were launched in January, compared to 53 units in December.

According to OrangeTee, the most popular project in January was Symphony Suites, a 99 year leasehold project located at Yishun. Touted as the cheapest new condominium on the market currently, the project sold a total of 54 units out of 180 units launched, at a median price of $1,010 psf. Marine Blue took 2nd place, with 32 units transacted at a median price of $1,829 psf. Marine Blue is a freehold project located at Marine Parade. At 3rd place is Trilive, with 22 units sold at a median price of $1,562 psf.