OCR sells record 397 new homes in July, 141 units sold above $2mil
Slightly more than a third (35.5%) of the OCR private home shifted in July 2021 were sold for at least $2 million.
The Outside Central Region (OCR) hits a new high in July, with the 397 new private homes sold surpassing the record 293 units shifted in December 2020, reported Singapore Business Review (SBR).
Of these, 141 were sold for at least $2 million.
The OCR led last month’s new private home sales. Notably, Singapore saw new home sales surge 82.2% month-on-month to 1,589 units in July.
Including executive condominiums (ECs), new home sales rose 81.3% month-on-month to 1,744 units.
Propnex CEO Ismail Gafoor noted that the robust new home sale performance in July was boosted by “the buzzing OCR sub-market which saw over 1,000 units being transacted”.
“We believe that the catalyst to the exuberance was the recent Government Land Sales (GLS) tender activity where Ang Mo Kio Avenue 1 and Lentor Central received top bids of $1,118 per sq ft per plot ratio (psf ppr) and $1,204 psf ppr respectively from developers,” he said as quoted by SBR.
“The news of aggressive land prices triggered many to realize that future launch prices are likely to rise further.”
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Cheryl Chiew, Digital Content Specialist at PropertyGuru, edited this story. To contact her about this story, email: cheryl@propertyguru.com.sg.
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Everyone Welcome – Because everyone deserves a place to call home
At PropertyGuru, we believe your property journey should not be limited by your race, gender, sexual orientation or religion.
Yet for some renters in Singapore, the search for a home can still come with unnecessary challenges. A YouGov survey of 1,500 Singaporeans found that close to 1 in 4 have faced racial discrimination when trying to rent a property.
While we celebrate multiculturism in Singapore, unconscious biases still influence the rental experience, often putting renters, landlords and property agents alike in uncomfortable situations.
That’s why we introduced the ‘Everyone Welcome’ filter. A simple feature for a strong impact:
✅ To help renters search for homes with confidence ✅ To help landlords attract more interest from renters looking for welcoming homes ✅ To help agents more effectively match renters to landlords
*Note: The Everyone Welcome filter has already been turned on via this link.
❤️Because everyone deserves to feel at home
Though we may look, sound, or live differently, we all long for the same thing: A place to feel safe. To rest. To be ourselves.
Real voices. Honest stories. A call for more inclusion
We know words alone can’t capture what it feels like to be turned away just for being who you are. That’s why we’ve teamed up with storytellers who bring these tough moments to light with empathy, honesty, and sometimes a little humour.
🤝 “No Curry? No Kidding.” with SGAG
<Coming soon on18 June>
We dive into the subtle and not so subtle discrimination behind seemingly harmless words.
🎤 Amusical take on Inclusivity with property agent Rechard Tan
<Coming soon on 23 June>
In this lighthearted musical feature, listen in to how the Everyone Welcome filter can make a renter’s search for a welcoming home a faster and more fuss free experience.
📽️ “An agents quest for fairness in rental housing” with RICE Media
<Coming soon on 1 July>
This documentary follows a minority renter navigating repeated rejections in her search for a home. Alongside her, a property agent witnesses the real-time challenges renters can face from overt discrimination to more subtle forms of biases.
Rather than pointing fingers, this documentary takes an empathetic look at Singapore’s rental ecosystem. It explores the complex mix of personal experiences, cultural norms, and perceptions that shape rental decisions and shows how understanding, action, and allyship can move us toward a more inclusive market.
💚 Together, let’s build a more inclusive rental market
Whether you’re renting or just browsing, turn on the Everyone Welcome filter. Support inclusive listings and be part of a movement that says everyone belongs.
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