THE stock of unsold private housing under construction has been dropping for nine straight quarters to a 15-year low, and is not expected to increase in the new year.
Combined with strong housing demand and high land and construction costs, private housing prices will likely remain elevated in 2023.
Based on data that was compiled for The Business Times by ERA Research and Consultancy, the stock of unsold private housing units has been on the decline from Q2 2020 to Q3 2022 – or a total of two years and three months – to reach 5,320 units.
This represents the longest period of consecutive quarters of declining stock since such data was made available by the Urban Redevelopment Authority from...
Private residential property: stock of unsold units & price index SOURCE: URA, ERA Research & Consultancy
Credit : The Business Times
Click each project name for more information
Project name | Location | Developer | District | Tenure | Units for sale (estimated) |
---|---|---|---|---|---|
(Marina View GLS) | Union Street /Shenton Lane | IOI Properties | 1 | 99-year | 686 |
Newport Residences | Anson Road | City Developments Ltd | 2 | Freehold | 256 |
Former AXA Tower | Shenton Way | Perennial Holdings | 2 | 99-year | 215 |
Former Maxwell House | Maxwell Road | CEL & Singhaiyi | 2 | 99-year | TBC |
Blossoms By The Park | Slim Barracks Rise | EL Development | 5 | 99-year | 265 |
The Hill @ One-North | Slim Barracks Rise | Kingsford Development | 5 | 99-year | 142 |
Terra Hill (Former Flynn Park) | Yew Siang Road | Hoi Hup Realty & Sunway Developments | 5 | Freehold | 271 |
Former Gloria Mansion | Pasir Panjang Road | Fraxtor Capital | 5 | Freehold | 59 |
Former Golden Mile Complex | Beach Road | Far East Organisation, Sino Land, Perennial Holdings | 7 | 99-year | TBC |
Former Peace Centre | Sophia Road | Singhaiyi, CEL, KSH | 9 | 99-year | TBC |
Former Watten Estate Condominium | Shelford Road | UOL & Singapore Land | 11 | Freehold | 286 |
Gems Ville | Lorong 13 Geylang | East Asia Development | 14 | Freehold | 24 |
The Continuum | Thiam Siew Avenue | Hoi Hup Realty & Sunway Developments | 15 | Freehold | 800 |
Jalan Tembusu GLS | Jalan Tembusu | CDL & MCL Land | 15 | 99-year | 638 |
(Dunman Road GLS) | Dunman Road | SingHaiyi | 15 | 99-year | 1,035 |
Former La Ville | Tanjong Rhu Road | ZACD | 15 | Freehold | 107 |
Former East Court | Koon Seng Road | Macly Capital | 15 | Freehold | 19 |
Sceneca Residence | Tanah Merah Kechil Link | MCC Land, The Place Holdings, Ekovest Development | 16 | 99-year | 268 |
Former Jansen Mansion | Jansen Road | Macly Capital | 19 | 99-year | 21 |
The Reserve Residences | Jalan Anak Bukit | Far East Organization & Sino Group | 21 | 99-year | 700 |
(Pine Grove Parcel A GLS) | Pine Grove | UOL & Singapore Land | 21 | 99-year | 520 |
Former Jcube | Jurong East Central 1 | CapitaLand | 22 | 99-year | TBC |
Former Lakeside Apartments | Yuan Ching Road | Wing Tai Holdings | 22 | 99-year | 300 |
The Arden | Phoenix Road | Qingjian Realty | 23 | 99-year | 105 |
The Botany At Dairy Farm | Dairy Farm Walk | Sim Lian Group | 23 | 99-year | 385 |
(Bukit Batok West Ave 8 EC) | Bukit Batok West Avenue 8 | Qingjian Realty & Santarli | 23 | 99-year | 375 |
Lentor Hills Residences | Lentor Hills Road | Hong Leong Holdings, GuocoLand, TID Residential Pte. Ltd. | 26 | 99-year | 595 |