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Review of March 2023: Higher Demand for Homes


Hope all's well with you! Bringing you some figures for the month of March.


Developers’ sales in March increased by 13.6% month-on-month to 492 units but 24.8% lower compared to a year ago.


Sales last month was led by the launch of The Botany at Dairy Farm in the OCR which sold 184 units at a median price of $2,068 psf. 46% of the sales in March cost $2 million and more - a reflection of the amount of liquidity in the market.


Tembusu Grand also achieved a strong first weekend sales of 340 units this month. Unsold units in the market remained low and there is broad based support for prices in the market, thus giving buyers the confidence to enter the market.


Upcoming launches in April and May include Blossoms by the Park, Newport Residences, The Continuum, The Giverny Residences and The Reserve Residences - If you are interested to know more about any of these projects, feel free to drop me a message; always happy to share!


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Cindy Kew | R067569E | +65 97336818

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