A total of 401 new private homes, excluding executive condominiums, were sold in September 2024.
Based on data released on Oct 15, a total of 401 new private homes, excluding executive condominiums, were sold in September 2024.
Singapore Realtors Inc’s head of research and data analytics Mohan Sandrasegeran attributed September’s uptick to renewed market activity and growing buyer confidence following the conclusion of August’s seasonally quiet Ghost Month period. The best-selling and only residential project launch in September was Bukit Sembawang’s 8@BT, where more than half or 83 units were sold at a median price of S$2,727 per square foot , according to URA and Huttons Data Analytics as at Oct 15. This was followed by 72 units at Pinetree Hill transacted at a median price of S$2,501 psf.
Similarly, ERA Singapore’s chief executive Marcus Chu attributes the strong performance of 8@BT to its status as a premium development, along with its prime location with “few new home options” in the vicinity. By value, the top transactions for the month were the sale of two units at 32 Gilstead for over S$14 million each. Both buyers of these units were permanent residents.
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