Condos at West Coast

I've been monitoring a few condos at West Coast area. Their transacted prices had risen by 15%~20% in the first 3 quarters last year; however they seem stabilized or even slightly declined since 4Q'2007.

The dotted line in the above figure means there are too few transactions in that month to draw a reliable curve.

Botannia by CDL & Capitaland was launched in May last year and now there are still 30~40 units on sale at the developer's showflat. It fetched the median psf of $864 in Oct '07, or 27% rise from its launch price. But the sales have slowed down since then: the URA data shows that only 3 and 8 units were sold in Nov & Dec, with the median price $855 & $839 respectively.

Right next to it are Carabelle by Sim Lian, Infiniti by Frasers Centrepoint and Monterey Park by CDL. The below assembles the cluster of condos over there (not to-scale).

Clementiwood (by Frasers Centrepoint) is a low-rise development at the further east of the above condo cluster and near NUS. The 99-yrs LH project was launched in early 1Q '2007 and was the benchmark for the property boom in the westward extension of the city area.