Is Singapore’s battered luxury home market finally stirring back to life?

An extremely costly condo was sold last month.

October saw the first luxury sale above $3,000psf since June’s sales of a unit in Ardmore Three ($3,404psf) and in The Scotts Tower ($3,469psf) as Eden Capitol on the Stamford Road sold a unit at $3,065psf. Eden Residence’s sale also marks 41% of units sold out of the project’s total 39 units.

High-end Leedon Residence similarly enjoyed some sales growth, as it not only remained the top seller in CCR for the fifth consecutive month, it also bested its own September sales. It sold 7 units in October at an average $1,983psf, after selling 5 units at an average price of $1,796psf in the previous month. These deals push the project’s total sales to 205, marking 55% sold out of total 381 units.

Corals at Keppel Bay sold one unit at $1,866psf, after selling 2 units at a median price of $1,972psf in September. Corals has now sold 202 units, which is 55% out of total 366 units.

Robin Residences enjoyed the sale of three units at $2,399psf as Downtown Line stations along Bukit Timah Road near completion. Together with September’s sale of 4 units at a median price of $2,327psf, the project has sold 64 units, which is 48% of its total 134 units.

Overall, CCR sold 25 units in October, marking a 25% MoM surge in sales.