It’s been quite the weekend for new launches: Lentor Central Residences and Aurelle of Tampines saw overwhelming demand, with nearly all units snapped up (93 and 90 per cent, respectively). While both projects are in different locations, the strong sales may underscore a major, upcoming change in OCR to CCR demand. Here’s a look at what happened at the show flats, and what may be driving demand:
A note on price psf for the following: Please keep in mind that, due to GFA harmonisation, the two projects below don’t include features like air-con ledges in their total square footage. This has the effect of pushing up the price psf, though the overall quantum is unaffected by this.
Lentor Central Residences
Lentor Central Residences moved 445 of 477 units (93 per cent) on launch weekend, managing an average of $2,200 psf. Lentor Central achieved this despite widespread concerns of oversupply: there are now six condos (including Lentor Central) in the new Lentor Hills estate. Since 2022, around 2,954 new homes...