TWO NEW CONDO Brought Selling
The only two new launches next fortnight, Parktown Residence in Tampines and Elta in Clementi, were almost entirely driven by the sales figures in February, according to Mr. Mohan Sandrasegeran, the head of research and information analysis at Singapore Realtors Inc.
Both initiatives “played a crucial role in maintaining consumer interest and contributing to the season’s strong sales performance,” he continued.
Both Parktown House and Elta are located in suburban neighborhoods that have not experienced fresh supply in at least the past five years, which contributes to their” solid pent-up need and robust take-up,” according to Ms. Song.  ,
Ms. Song referred to Parktown Residence as an “integrated mega-project” and noted that it sold 1, 041 devices, or 87 percent of its overall units, for S$ 2, 363 per square feet, on average.
The launch’s key attraction was “its special status as an integral development with immediate access to a number of amenities, including a financial mall, the upcoming Tampines North MRT place on the Thomson-East Coast Line, and a vehicle interchange,” she said.
Given its “unparalleled comfort” and mix of local amenities and facilities, ERA Singapore CEO Marcus Chu said,” The project’s brilliant start performance could also have been due to its appeal to Tampines HDB buyers.”
Elta won over potential buyers thanks to its proximity to colleges and the Clementi community center, according to Siew Ying, the head of research and information at PropNex, and Ms. Wong.
It sold about 65 % of its units, and two-bedroom units were the most popular, according to Mr. Chu, who said that 179 of the available stock (98 % ) were snapped up.  ,
In July 2015, 1, 523 units were sold, according to PropNex, making this the best regular OCR transaction showing in about ten years.
OUTLOOK
According to Ms Wong,” The primary market started the year brightly, continuing the positive sentiment from end to end 2024 .”
However, there is still a long way to go and there are upside risks for 2025, such as “uncertainties in the world economy in view of political conflicts and trade frictions,” she continued.
According to Ms. Song , the exclusive home sales statistics for the first fourth of 2025 are on track to meet those of the 3,420 products sold in the last quarter of 2024.  ,
According to her,” Sales in March are expected to remain strong, albeit slowing from February’s high base,” she continued, noting that Lentor Central Residences in Upper Thomson had already moved over 90 % of its units by March 9th.
The launch of Aurelle@ Tampines and Aurea, which will be located along Beach Road, along with Lentor Central Residences, will also encourage continued consumer interest in March, according to Mr. Sandrasegeran.
We anticipate a stronger quarter-on-quarter efficiency, strengthening business endurance, given the increased launch level in the first fourth of 2025 compared to 1Q 2024.
The network of upcoming launch, including Arina East Apartments, Marina View Residences, Artisan 8, Artisan 8, and One Marina Gardens, is set to “further invigorate” the property market in the second quarter of the year, according to  , Mr. Sandrasegeran.  ,
” These projects will provide new opportunities for homebuyers and investors while preserving the richness of new home collection without causing a market to choose from a large number of options,” said the project’s creator.
Ms. Song argued that 2025 may see more exclusive homes sold than 2024 because of easing interest rates, better purchasing sentiment, and an interesting launch pipeline.
However, buyers may choose to remain careful in 2025 because there are many options, she continued, even though basic take-up rates across new projects are anticipated to increase.
” Healthy new establish performance is largely dependent on beautiful developer pricing.”
Private home prices increased by 3.9 % in 2024, a change from the 6.8 % growth in 2023 and the 8.6 % increase in 2022.
Solid family harmony linens, lower interest rates, and potential standard costs at new launches are all likely to support home prices to increase in 2025, according to Ms. Song.