According to data published by URA on May 15, developers sold 663 new homes – excluding executive condos (ECs) – during the month of April. This marks a 9.1% fall m-o-m from the 729 new homes sold in March. However, it doubled last year’s April 2024 sales figure of 301 units.
Last month’s new home sales figures were supported by the launch of three new projects: the 937-unit One Marina Gardens by developer Kingsford Group; the 358-unit Bloomsbury Residences by Qingjian Realty and joint venture partner Forsea Holdings; and the 18-unit 21 Anderson developed by Kheng Leong Co, the private property arm of the late billionaire banker Wee Cho Yaw’s family.
One Marina Gardens emerged as the best-selling project in April. Located along Marina Gardens Lane in the Rest of Central Region (RCR), the condo moved 384 units (41.9%) for the month at a median price of $2,948 psf. During its launch weekend, the condo sold 353 units (38%) at an average price of $2,953 psf.
Bloomsbury Residences closely followed as the second-best performing project for the month, moving 107 units (30%) at a median price of $2,454 psf. The project is located along Media Circle in District 5, also within the RCR. During its launch weekend, the condo moved 90 units at an average price of $2,474 psf.
Both condos shared an April 12-13 launch weekend.
Meanwhile, ultra-luxury freehold condo 21 Anderson recorded three units (16%). According to URA caveats, all three units were four-bedroom apartments of 4,489 sq ft, priced from $20.97 million ($4,672 psf) to over $23 million ($5,127 psf). 21 Anderson was the only condo to launch in the Core Central Region (CCR) last month. It is located along Anderson Road in prime District 10.
In total, 1,295 new homes were launched for sale in April, excluding ECs, a slight 1.5% m-o-m dip from the 1,315 homes launched in March.
