With 2018 drawing to a close, Cushman & Wakefield’s Christine Li gives a snapshot of how next year could pan out. The private housing market may not be as gloomy as widely perceived.
During the weekend of Nov 3 and 4, MCL Land’s preview of Parc Esta in Eunos drew more than 5,000 visitors. That weekend, two projects were launched and registered relatively healthy sales. Roxy Pacific Holdings sold 45 out of a total of 98 units at the freehold Arena Residences on Guillemard Lane. The average price of units sold was $1,750 to $1,850 psf. City Developments (CDL) sold 160 of the 240 units released at the 721-unit Whistler Grand on West Coast Vale, with units priced at an average of $1,380 psf.