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.
Apex Asia Management Group Unveils Artisan 8 – A Rare Freehold Mixed-Use Development in Prime Upper Thomson
Apex Asia Management Group (AAMG) is proud to announce the official preview of Artisan 8, a rare freehold mixed-use development located at 8 Sin Ming Road, in the well-established Bishan–Thomson neighbourhood. This marks the first freehold mixed-use launch in District 20 since 2019, offering a unique opportunity for both homebuyers and investors looking for quality homes in a mature, city-fringe location.
Artisan 8 is a boutique development that comprises 34 residential units and 8 ground-floor commercial shops, all thoughtfully designed to provide a seamless blend of private living and everyday convenience. The residential units range from one- to four-bedroom layouts, with a limited collection of penthouses catering to a diverse range of lifestyle needs. Indicative prices start from $998,000 for a one-bedroom unit, $1.598 million for a two-bedroom, $1.989 million for a three-bedroom, and $2.7 million for penthouses. The commercial units, priced from approximately $3,400 per square foot, are suitable for a wide range of uses including food and beverage, convenience retail, and lifestyle services. These shops are expected to enhance daily living for residents while also offering strong rental and capital appreciation potential for investors.
Located in a prime city-fringe enclave, Artisan 8 enjoys excellent transport connectivity. It is situated just 200 metres, or a three-minute walk, from Upper Thomson MRT station on the Thomson–East Coast Line, and a ten-minute walk from Marymount MRT station on the Circle Line. The development is also well connected to major expressways, including the Central Expressway (CTE) and the Pan-Island Expressway (PIE), offering convenient access to the rest of the island.
Families will find Artisan 8 especially attractive, as it is located within 1 kilometre of two of Singapore’s most established schools—Ai Tong School and Catholic High School. This close proximity to reputable educational institutions, combined with the project’s freehold status, adds long-term value for owner-occupiers and investors alike.
In addition to its strong transport and education credentials, Artisan 8 is surrounded by a vibrant lifestyle environment. Residents can enjoy an array of popular cafés, eateries, and daily amenities in the Upper Thomson area, as well as green escapes such as MacRitchie Reservoir. This unique blend of urban convenience and tranquil greenery is a key highlight of the development’s appeal.
Artisan 8 was developed following AAMG’s acquisition of the former Sin Ming Centre in April 2024. Designed with a vision to integrate artistry and function, the project is a tribute to timeless craftsmanship and intentional design. The name “Artisan” reflects this design philosophy, while the number “8” symbolises prosperity and harmony, rooted in both the address and cultural tradition.
The on-site showflat, located at 8 Sin Ming Road, is now open for public preview. Visitors can view a fully fitted 721 square foot two-bedroom unit. Interested parties are welcome to contact any of the appointed agencies—ERA, Huttons, PropNex, or SRI—for enquiries and viewing appointments.
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