In the second quarter of 2023, major new condo launches such as Blossoms By The Park and Tembusu Grand were closely observed. Delving into their performance, we analyze the success factors that contributed to their popularity and explore the implications for the real estate market.
Tembusu Grand, a new residential development, achieved a remarkable sales feat, selling 53% of its units during its launch weekend. Additionally, Blossoms By The Park garnered significant attention with a preview event attracting over 4,000 attendees. These successes indicate a flourishing real estate market and growing interest in luxurious living options.
In a recent case, a condo buyer faced a $30,000 loss for canceling their deal with Blossoms By The Park [1]. Additionally, HDB’s proposal to rezone six sites, including Alexandra Road, Upper Thomson Road, and Orchard Road, has sparked discussions [1]. Stay updated on the latest developments in the property market.
Blossoms By The Park has achieved a significant sales milestone, with over 70% of its units sold [[1](https://www.propertyguru.com.sg/property-management-news/2023/5/208665/blossoms-by-the-park-sells-over-70-of-units-hdb-introduces-home-flat-eligibility-hfe-letter-and-more)]. Notably, HDB has introduced the HDB Flat Eligibility (HFE) Letter, which assesses buyers’ eligibility for flat purchases, housing loans, and CPF Housing Grants at various stages [[1](https://www.propertyguru.com.sg/property-management-news/2023/5/208665/blossoms-by-the-park-sells-over-70-of-units-hdb-introduces-home-flat-eligibility-hfe-letter-and-more)]. Exciting developments in the housing market!
