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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Building with Purpose: Wing Tai Partners with Pathlight School to Showcase Student Art at River Green
Wing Tai Asia (“Wing Tai”) and Pathlight School are delighted to announce their collaboration on a community art initiative at River Green, Wing Tai’s upcoming residential development in the vibrant River Valley area.
This unique initiative will transform the hoardings around the construction site of River Green into a vibrant, sprawling community art canvas, showcasing the talent and creativity of the Pathlight School students. This is the school’s first partnership with a real estate developer to feature its students’ artworks on such a platform and scale.
The collaboration will take the form of an art competition targeted at secondary school and vocational track students of Pathlight School. Launched in early April, it also happens to coincide with Autism Awareness Month. Winning and selected artworks will be adapted and featured on River Green’s hoardings spanning approximately 200 metres, along Kim Seng Linear Park, for the next three years. Additionally, these artworks will be showcased on River Green’s website, with full acknowledgment and recognition given to the students alongside their featured artwork.
Artwork entries will revolve around five themes to capture the spirit and essence of River Green’s surroundings, namely:
Singapore River – Past, Present, Future
Flora and Fauna along Singapore River
Community and Wellness along Singapore River
Vibrancy of River Valley and Singapore River
Architecture and Heritage along Singapore River
The winners of the competition and selected artworks are expected to be announced in July 2025.
Mr Edmund Cheng, Deputy Chairman, Wing Tai Holdings Limited, says, “Art has always been a defining element of Wing Tai’s developments, serving to connect and enrich the community while enhancing the environment. While hoardings typically function as safety and noise barriers, we are excited to transform our hoardings into a vibrant canvas featuring artworks inspired by the River Valley and Singapore River precincts. This initiative offers a unique opportunity to engage with the local community and celebrate the creativity and talent of young budding artists at Pathlight School. We are confident that their work will bring joy and spark curiosity among residents and passersby, creating a shared space for all to experience and appreciate the vibrancy and heritage of River Valley and the Singapore River.”
Adds Mr Cheng, “What’s even more meaningful for us is that this collaboration shines a light on the unique gifts of neurodivergent individuals and the role they can play in society. Wing Tai is glad to do our part towards fostering a more caring and inclusive community through this collaboration with Pathlight School.”
Ms Linda Kho,Senior Principal of Pathlight School, says, “We are grateful for opportunities that provide a platform for students with special needs to shine. Art is a powerful form of self expression that allows our students to express their unique perspectives. This collaboration with Wing Tai not only showcases their talents and builds their confidence, but it also motivates them to continue developing their artistic passion. By spotlighting their abilities, we also hope that there will be greater awareness and appreciation of the strengths of individuals on the autism spectrum, fostering a society that embraces and integrates the autism culture into our lives.”
Nestled in the bustling River Valley area, River Green offers an unparalleled blend of urban living and natural tranquility and is expected to be launched in the second half of 2025.
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