Developers’ sales updates

Developers’ sales for the week of 16 Sep 2024 – 22 Sep 2024 were 172 units

The CCR accounted for 5.2% while the RCR and OCR made up 65.1% and 29.7%

The respective top-selling projects is Cuscaden Reserve in the CCR , followed by 8@BT in the RCR and Hillock Green in the OCR

8@BT is the second project launch to exceed a 50% sales take up after the June holidays

Historically demand for units in the Bukit Timah (Beauty World) area has been robust with The Linq @ Beauty World and The Reserve Residences selling very well on the first day of launch

Almost all the 1-bedroom units at 8@BT were snapped up by buyers, more than 1/3 of the units sold were 2-bedrooms and almost 30% of the units sold were 3-bedrooms

Buyers were attracted to the well thought through design and good finishes at 8@BT and willing to pay a premium for this unique product

Sentiments in the new homes market appeared to have picked up in 3Q 2024

Huttons Data Analytics estimate new sales in 3Q 2024 are likely to be between 1,000 and 1,100, much higher than 2Q 2024's 725 units and almost on par with 1Q 2024's 1,164 units