A decline in median prices for certain projects as developers seek to clear inventory could be another reason for the decline in CCR prices during the quarter. They include projects like 3 Cuscaden, Marina One Residences, Martin Modern, New Futura, South Beach, and TwentyOne Angullia Park, says Song.
Credit: Boulevard 88 | City Developments Limited
At the same time, projects that were launched last quarter, such as Fourth Avenue Residences, RV Altitude, and Boulevard 88, have achieved benchmark pricing. “The encouraging sales for Boulevard 88 have demonstrated that prices of choice developments are expected to stay resilient,” says Tan Tee Khoon, head of residential project marketing at Knight Frank Singapore.
Prices For Private Residential Properties In RCR and OCR
Meanwhile, prices in the Rest of Central Region (RCR) fell by 0.2% q-o-q after registering a 1.8% q-o-q increase in 4Q2018. There was