by OrangeTee & Tie Pte Ltd.

Soft launch weekend of Hyll on Holland sees four units sold

New Project Launches

New Project Launches

SG, 05 Oct 2020

On Oct 2 the sales gallery and sales launch of Hyll on Holland opened, since then four out of 60 units released, have been sold.

Christine Sun, head of research and consultancy at OrangeTee & Tie, attributes the lower sales to the increased supply of new homes in the Core Central Region or CCR. 
“There has been a number of new projects launched successively, and the pool of home buyers has been reduced over the past year. Moreover, the price range of new projects in the CCR is around $2,600 to $3,000 psf,” says Sun.

"Given the higher price quantum, the number of wealthy buyers is lower than upgraders for mass market or city fringe homes,” she points out. “The number of foreign buyers has also been greatly reduced because of travel restrictions.”

To read full article: click here

For more news, research and information,