URA Mar 09 new home sales with take-up rate 100%!

URA announced Mar 2009 new home sales figure with 832 new launches and 1220 units taken up. Take-up rate remains over 100% as with Feb indicating developers are still clearing away old inventories. New launches was 22% down from Feb while new home sales was about 8% down. Similar to Feb, launches and sales in OCR were highest followed by RCR and CCR. It can be seen that developers and buyers are focusing their attention at OCR for its lower absolute pricing. (To understand OCR, RCR, CCR refer to Price index of private residential property and HDB)

Top new sales came from:

1. Double Bay Residences in OCR with 264 units out of 310 units launched at median ASP of S$659psf.


2. Micasa in OCR came in second with 101 units out of 123 units launched sold at median ASP of S$617psf.


3. City Development's The Arte in RCR sold 90 units out of 120 launched at median ASP of S$874psf.

For CCR, 62 units of 67 units launched from The Mecury was sold with median ASP of S$1148psf. Parc Sophia was re-launched at a lower median ASP S$1151psf and sold 26 new units. Top median ASP was from Orchard Scotts with 1 unit sold at S$2220psf.


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