Advertisement
Singapore markets closed
  • Straits Times Index

    3,306.02
    +6.02 (+0.18%)
     
  • Nikkei

    38,596.47
    -36.55 (-0.09%)
     
  • Hang Seng

    18,028.52
    -306.80 (-1.67%)
     
  • FTSE 100

    8,237.72
    -34.74 (-0.42%)
     
  • Bitcoin USD

    64,396.55
    -214.52 (-0.33%)
     
  • CMC Crypto 200

    1,328.65
    -31.68 (-2.33%)
     
  • S&P 500

    5,464.62
    -8.55 (-0.16%)
     
  • Dow

    39,150.33
    +15.57 (+0.04%)
     
  • Nasdaq

    17,689.36
    -32.23 (-0.18%)
     
  • Gold

    2,334.70
    -34.30 (-1.45%)
     
  • Crude Oil

    82.34
    +0.17 (+0.21%)
     
  • 10-Yr Bond

    4.2570
    +0.0030 (+0.07%)
     
  • FTSE Bursa Malaysia

    1,590.37
    -2.32 (-0.15%)
     
  • Jakarta Composite Index

    6,879.98
    +60.66 (+0.89%)
     
  • PSE Index

    6,158.48
    -186.08 (-2.93%)
     

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.



More From Singapore Business Review