Kingsford Waterbay – Upper Serangoon View Condo by Kingsford

Kingsford Waterbay – Upper Serangoon View Condo by Kingsford. Register for Showflat and Preview Here

Private Launches Standstill | Kingsford Waterbay

During the December holiday season, private property launches dwindled to a virtually a standstill. Developers chose to sell units from older developments to avoid a backlog of unsold units as reported by analysts who follow the statistics and data released by the URA on Thursday.

The Terrace was only one new launch in December of an executive condominium (EC) on Punggol Drive. This development added 747 units with an average price of $831 psf of which already 128 units have been sold for Kingsford Waterbay.

Kingsford Waterbay Developer

Excluding the EC’s units launched by developers dropped 94% from November and hit a record low of only 53 units since recording of this information started in June 2007.

In December, only 230 private homes were sold with a car responding drop of 46% from the 423 units that homeowners bought in November.
This is the lowest sales volumes since January 2009 where only 108 units were sold.

One such analyst, Orange Tee was quoted as saying,

More Looking at Waterbay Condo

“”With a tightening credit situation in the market, Kingsford Waterbay buyers have become very price and value sensitive and will only enter the market if they see a good deal. In such a market as today, developers face an increasingly monumental task of attracting buyers and getting them to commit to a purchase.””

With this in mind, let’s take a look at the Top 5 best-selling private condos in December – Lakeville, Rivertrees Residences, the Panorama, RV Residences, and Riverbank@Ferndale.

Waterbay Upper Serangoon View

#1. Lakeville ( OCR)
Developer: MCL Land.
Tenure: 99-year leasehold
Nearest MRT station: Lakeside.
Median price: $1,259 psf
Sales update: 367 out of 696 units sold. (16 units sold December 2014)

#2. Rivetrees Residences (OCR)
Developer: Frasers Centrepoint-led Consortium
Tenure: 99-year leasehold
Nearest MRT station: Sengkang
Median price: $1,207psf
Sales update: 317 of the total 698 units sold. (12 units sold in December 2014)

# 3. The Panorama (OCR)
Developer: Wheel Lock Properties
Tenure: 99-year leasehold
Nearest MRT station: Yio Chu Kang
Median price: $1, 207psf
Sales update: 317 of the total 698 units sold. (12 units sold in December)

#4. RV residences (CCR)
Developer: Allgreen Properties
Tenure: 99-year leasehold
Nearest MRT station: Tiong Bahru Kingsford Waterbay
Median Price : $2, 030psf
Sales update: 137 of the total 248 units sold. (10 units sold in December 2014)

#5. Riverbank@Fernvale (OCR)
Developer: UOL Development.
Tenure: 99–year leasehold
Nearest MRT station: Sengkang
Median price: $971 psf
Sales update: 284 of the total 555 units sold. (10 units sold in December)

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