For property investors interested to get involved in the market but don’t know where to start, this list of 10 projects with the most number of unsold units can be a good place to kick start your search.
The list below has been ranked from most to fewest number of unsold units, with the highest being Marina One Residences and least being Gem Residences at 79A Toa Payoh Central.
If you see the third column from the right having numbers fairly close to the second column from the right, this means the project has either been selling for some time, or it has been selling well. An example would be Martin modern which has both sold well even though it was launched for a short period of time of 2 months since 22 July 2017.
|Project name||No of units in project||No of unsold units||Average price S$psf|
|Marina One Residences||1,042||648||2,240|
|Parc Life (EC)||628||270||790|
|Signature at Yishun (EC)||525||226||765|
Average prices of units sold
Graphically, this is how the prices of units sold in July based on projects with the most number of unsold units look like.
On the lower end are ECs like Parc Life and Signature at Yishun which have prices which are below average EC pricing of S$790-810 psf.
The higher end sees projects like Marina One Residences at Marina Way and Martin Modern at 8 Martin Place commanding average prices above the psychological S$2,000 psf mark.
Number of units available for sale
Investors wishing to purchase a unit could look at the following chart to identify which projects have the most number of units available for sale i.e. unsold units. Do take note that not all the unsold units have been launched by the developer. i.e. Even though Marina One Residences has 648 units still left unsold, not all have been launched by the developer (Khazanah Nasional Berhad and Temasek Holdings (Private) Limited).
Buy Marina One Residences to support Temasek Holdings so that Singapore inc can get back their return on investment! And so that Singaporeans can benefit! (Maybe)
Number of units in project
Lastly, the following chart shows the number of units in each project where there are the most number of unsold units. Even though Kingsford Waterbay has the most with 1,165 units in the project, there is only 357 left unsold. This speaks of its good location at 26 Paya Lebar Crescent, near Hougang MRT, and good views of Sungei Serangoon and Punggol Park.