Coco Palms, Marina One Residences among top selling condos in October

Property developers sold 765 residential units in October, an 18 percent increase from the month before, recent data from the Urban Redevelopment Authority (URA) showed. According to real estate agency PropNex, developers have been stepping up new launches to tap on existing demand before the festive season which sees fewer sales. A total of 649 units were released last month, up around 26 percent from September. Although the property market remains soft, some projects attracted relatively good sales, noted PropNex, adding that “it had to be drawn out by attractive pricing”. Another key driver is the project’s location. Here’s a list of the four condominiums that dominated buying activity in October – Marina One Residences (top pic), Coco Palms, Lakeville and The Skywoods. 1. Marina One Residences (CCR) Developer: M+S Tenure: 99-year leasehold Nearest MRT station: Marina Bay Median price: $2,228 psf Sales update: 334 units sold 2. Coco Palms (OCR) Developer: CDL and Hong Realty Tenure: 99-year leasehold Nearest MRT station: Pasir Ris Median price: $1,039 psf Sales update: 34 units sold 3. Lakeville (OCR) Developer: MCL Land Tenure: 99-year leasehold Nearest MRT station: Lakeside Median price: $1,340 psf Sales update: 32 units sold 4. The Skywoods (OCR) Developer: Bukit Timah Green Development Tenure: 99-year leasehold Nearest MRT station: Hillview (completion set for 2015) Median price: $1,267 psf Sales update: 21 units sold Story: Romesh Navaratnarajah via PropertyGuru