In the first half of 2015, 3 mass market new launch condos are launched, namely, Sims Urban Oasis, Northpark Residences and Botanique at Bartley under development of listed developers in SGX, Guocoland, Frasers Centrepoint and UOL respectively. Take up rate (statistics excludes Northpark Residences & Botanqiue at Bartley as both are launched in April 2015) is very encouraging causing the number of homes sales in March to pick up. Phase 1’s for Sims Urban Oasis has ended with 200 units fully sold at the end of February 15.
There will be no more major new launch private developments in the second half of 2015. However, new launch of executive condominium (EC) developments will dominate in 2nd half with possible new launches in Westwood Avenue, Canberra & Sembawang, Anchorvale Crescent, Choa Chu Kang Grove and Yishun.