The latest sales mean 3,670 units were sold in Q3, more than double that of the preceding quarter and 11.9 per cent higher than the 3,281 done a year ago.
In September, the RCR made up the bulk of sales at 64.6 per cent, compared to 49.5 per cent in August 2020. OCR, or the proxy for the mass market segment, made up 29 per cent of total sales, compared to 40.3 per cent in August 2020. The total of 389 units sold at Penrose was also higher than the September volume of the next five best-selling projects put together.Factors for the stellar performance of Penrose would be its walking distance to the MRT station, and the sweet spot price points of around S$1 million for two-bedroom units and S$1.5 million for three-bedroom units, said Ms Song.In the luxury segment, The Avenir moved another eight units at a median price of S$3,059 psf, a 5.
"While Singapore is headed for its biggest recession on record, the contraction is not broad-based and in part due to the two-month 'circuit breaker'," Hutton's Mr Lee said.
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