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.
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!
