Sales were driven by the launch of the 276-unit freehold Kassia in July, with 179 units (65%) sold. Other launched projects continue to sell well; to date, Tembusu Grand and The Myst have sold 91% and 73% of units, respectively.
Early signs of improving property market conditions have emerged, with declining interest rates boosting buying sentiment and transaction activity while easing financial burdens. This has helped City Developments Limited (SGX:C09
) (CDL) post a strong sell-through rate for its new Singapore launches in 3QFY2024 ended Sept 30.
CDL and its associates sold 321 units with a total sales value of $611.1 million In 3QFY2024, nearly double the 183 units sold with a total sales value of $325.0 million in the same quarter last year.
