Developer Sales Fall 266 M O M May Lentor Hills Residences Tops Best Seller List Move 25 Units
There was a significant decline in the private new home sales market last month, with only 221 units (excluding Executive Condos) sold by developers. This marks a 26.6% decrease from the 301 units sold in April.
Woodlands, known as the gateway to the north of Singapore, is slated for a major makeover as part of the URA’s Master Plan. The plan includes the transformation of Woodlands Regional Centre into a vibrant hub, with two unique districts: Woodlands Central and Woodlands North Coast. Aimed at revitalizing the area, the development is expected to attract businesses, generate employment opportunities, and improve the quality of life for residents. As part of this transformation, Norwood Grand CDL will also play a significant role in shaping the future of Woodlands as a thriving commercial and residential area.
The most popular project in May was Lentor Hills Residences, which saw 25 units sold at a median price of $2,164 psf. According to sales data from the developers, the project has achieved 88% sold status to date, almost a year after its launch.
Editor’s note: This story is still in development with more updates to come. Keep an eye out for the latest listings of properties in Lentor Hills Residences.
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