The CCR accounted for 14.1 per cent while the RCR and OCR made up 30.4 per cent and 55.6 per cent. The top-selling project in the CCR was Nouvel 18, V on Shenton, followed by Kent Ridge Hill Residences in the RCR and Treasure at Tampines in the OCR. Several high-end luxury projects saw foreigners picking up units in the last week, probably an early indication that foreigners' interest may be returning.
In total, developers launched 1,349 units for sale and sold 1,217 units. Sales in December 2020 was 57.2% higher than November 2020 and 126.2% higher than the same period a year ago. The number of units sold in December was the highest December sales since 2012.
A total of 23 private residential projects were launched in 2020 – ten projects before the circuit breaker and 13 projects after. Several projects launched after the circuit breaker – Penrose, The Linq at Beauty World, The Landmark, Ki Residences at Brookvale and Clavon achieved very good sales on the opening day of sale. The Linq at Beauty World sold more than 96% of the total units in one day while Clavon is the best-selling project on launch day in 2020, moving more than 460 units.
Towards the end of this month, we will see 2 more residential development launches for Parc Central Residences and The Reef at King’s Docks. We expect the sales momentum in December 2020 to spill over to January 2021 and possibly maintain the sales volume at around 1,000 units. If that happens, it will be the highest January sale volume since 2013.