Newly-launched projects had ‘encouraging' sales despite property curbs

Submitted By:  Danielle Isaac Case Study:  No Daintree Residences had 46 of its 80 units released for sale in July. New residential projects in Singapore have been marketed despite troubled buyer and investor sentiments brought about by the cooling measures in July. The catch is that some of these projects have been met with fairly encouraging sales, CGS-CIMB said. According to analyst Lock Mun Yee, Daintree Residences saw 46 of the 80 units released for sale in July taken up whilst The Tre Ver saw 140 units taken up when released for sale in August. The 1,206-unit Jadescape is also currently being previewed. read more