Several market watchers are surprised at the strong sales of The Reserve Residences, so soon after the latest cooling measures (although Blossoms by the Park was another that did well). This point in 2023 is also perceived as a market peak (or at least a near-peak) by most, so couple that with high-interest rates and the latest cooling measures, and it may seem counter-intuitive that so many people would be rushing to buy right now.

From conversations on the ground, and by digging a little deeper, here are some of the reasons why The Reserve Residences performed the way it did:

The Reserve Residences has sold more than 70 per cent of its units over the launch weekend 

520 of 635 released units were sold over the launch, out of a total of 732 units (71 per cent overall). Average pricing was reported to be $2,460 psf, with only three foreign buyers; the other buyers were all Singapore Citizens or Permanent Residents. 

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