Here's why J Gateway's launch was a phenomenal event

737 units were snapped up.

According to OCBC, the highlight of the month was undoubtedly the launch of 738-unit J Gateway near Jurong East MRT station, which saw 737 units snapped up at a median price of S$1,486 psf.

With this as a driver, Jun 13 sales continue to be dominated by the mass market segment (Outside Central Region or "OCR") with 1,357 units sold.

Here's more from OCBC:

This formed 75.6% of total sales and was up 89% MoM. Sales in the mid-tier space (Rest of Central Region or "RCR") dipped 46% MoM to 324 units due to a lack of major launches over the month.

In Jun 13, there were only 104 units launched at new RCR projects. Over Jun 13, other key launches include Jewel@Buangkok (616 total units, Buangkok Drive) with 282 units sold at S$1,183 psf, and EC Forestville (653 total units, Woodlands Dr. 16) with 226 units sold at S$730 psf.

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