Altogether, 36% of all units sold were within this range.

Properties within the price range of $1,001 to $1,500 psf accounted for 26% of all units sold. High-end homes above $3,000 psf accounted for only 8% of all new units sold in the third quarter.

Despite a general slowdown in new home market, a few benchmark home prices were created at some areas, giving testimony that the underlying strength of the market is still strong.

All the following sales had registered a new benchmark price for the respective areas:

§ $2,772 psf for Turquoise at Sentosa Cove

§ $2,888 psf for Three Buckley in Newton area

§ $1,577 psf for The Rochester in the one-north vicinity

§ $1,449 psf for Gardenvista on Dunearn Road in the Upper Bukit Timah area

§ $1,327 psf for The Beacon Edge at Tembeling Road

§ $1,044 psf for Vetro at Mar Thoma Road

§ $1,080 psf for The Lakeshore in Boon Lay Way (16 Oct)

Edited by Sam Gian – Independent Real Estate Sale Consultant and trainer