Singapore Property News This Week #37


Strong sales at Parc Rosewood

99-year leasehold five-storey 689-unit Parc Rosewood located along Woodlands Avenue 2/Rosewood Drive had sold 165 of its 236 released units. A good 120 of them (mainly one- and two-bedroom units with a few three-bedroom units and penthouses) were sold during the first four hours of the preview launch, and this may be due in part to its lower price tag of $925-998 psf, 8-10% lowered than that of recent transactions ($1,030-1,100 psf). This is likely made in anticipation of effects from the ABSD. With the lower price tag, a one-bedroom unit start from around $398,000, a two-bedroom unit from $568,000, and a three-bedroom unit from $778,000.

2011 saw an increase in prices for small apartments by 11.8%

In flash estimate figures released by the National University of Singapore for its Singapore Residential Price Index (SRPI) series, it was shown that prices of small …