Chart of the Day: Check out the top selling private home projects in August

Parc Clematis boosted overall sales with 316 units sold.

This chart from Colliers International shows the top ten best-selling projects in August 2019, with Parc Clematis making up 28.17% of the 1,122 sales for the month.

Also read: Parc Clematis sold 70% of units in weekend launch

Several projects such as The Florence Residences, Stirling Residences, and Parc Botannia, amongst other, which are already on the market also moved units at a steady clip. Colliers notes that this is welcome news for developers amidst an uncertain market.

“We note that sales velocity at some of the previously launched projects has picked up pace. One reason for this could be that as new launches come on the market at benchmark prices within their given localities, prices at earlier-launched projects may start to look attractive for some buyers, who have decided to take the plunge after comparing prices between the various projects,” the firm said in a note. 

Parc Clematis, the best-selling private residential project in August, sold 316 units at a median price of $1,615 psf. This was followed by the Florence Residences, which shifted 122 units at a median price of $1,438 psf; Parc Botannia, which moved 61 units at a median price of $1,328 psf; and Parc Esta with 47 units transacted at a median price of $1,691 psf.

“In general, buyers are still price-sensitive and value-discerning, going for projects that are priced at affordable quantum and near transport links. In August, 67% of the takeup was in Outside Central Region (OCR),” added Colliers.