--- title: "The Sanxin private housing project received a warm response, with Jiaxi Green Garden selling 88% over the weekend" description: "The local private residential market is active, with the latest launches of Jiaxi Luyuan, Promenade Peak, and Canberra Crescent Residences selling 88%, 54%, and 40% of their units respectively over th" type: "news" locale: "en" url: "https://longbridge.com/en/news/251343980.md" published_at: "2025-08-03T15:22:28.000Z" --- # The Sanxin private housing project received a warm response, with Jiaxi Green Garden selling 88% over the weekend > The local private residential market is active, with the latest launches of Jiaxi Luyuan, Promenade Peak, and Canberra Crescent Residences selling 88%, 54%, and 40% of their units respectively over the weekend. Analysts point out that overall market demand is strong, and buyers have solid long-term confidence in the private residential market. Jiaxi Luyuan is developed by Wing Tai, with 90% of buyers being Singapore citizens. Despite the uncertain global economic outlook, demand for newly built private residences remains strong Changchun Industries also revealed that among numerous buyers, Singapore citizens accounted for 90%, while permanent residents and foreigners accounted for 9% and 1%, respectively. He said, "Despite the uncertain global economic outlook and the holding period for seller's stamp duty (SSD) being extended from three years to four years, the demand for newly built private homes remains strong. This indicates that the current demand mainly comes from genuine homebuyers rather than speculative behavior driven by an overheated market." Promenade Peak, located on Zion Road, developed by Changchun Industries (Allgreen Properties), also performed robustly, selling 320 units or 54% over the weekend. This project is located quite close to Jiahui Green Garden, consisting of 63 floors and a total of 596 units. Changchun Industries stated in a press release on Sunday that the project is divided into two series: the Promenade Collection, with areas ranging from 527 to 1,076 square feet, and the Promenade Suites, with areas ranging from 1,163 to 1,884 square feet, with average prices of SGD 2,894 and SGD 3,343 per square foot, respectively. The highest transaction price currently stands at SGD 3,521 per square foot. #### Extended Reading He said, "Developers are 'democratizing' the high-end residential market, allowing more buyers the opportunity to enter the private home market in the core central area." Ouyang Xue Ning, Senior General Manager of Market Operations at Wing Tai Property Management, said, "The strong sales performance of Jiahui Green Garden confirms our strategy of balancing unit efficiency and price affordability, resonating with local buyers eager to invest in the core central area." MOGUL.sg's Chief Researcher, Mai Jun Rong, analyzed that the key to the success of Jiahui Green Garden lies in the developers reducing the unit sizes, thereby lowering the prices to levels affordable for the local middle class. Huttons' CEO, Ye Run Ming, pointed out that in terms of sales units, Jiahui Green Garden is the best-selling project in the core central area this year. Developed jointly by Kheng Leong and Low Keng Huat, the Canberra Crescent Residences, located on Canberra Crescent, also achieved impressive sales, selling 150 units over the weekend, accounting for 40% of the total units. The average price per square foot was SGD 1,974. Analysts pointed out that this shows strong sales performance for both urban and suburban, high-end and mass-market private residential projects, reflecting robust overall market demand and buyers' solid confidence in the private home market in the medium to long term. Wing Tai Holdings stated in a press release on Sunday (August 3) that during the weekend sales event, Jiahui Green Garden sold a total of 460 units, accounting for 88% of the total units, with an average price of SGD 3,130 per square foot. About 98% of the buyers were Singapore citizens or permanent residents, with the remainder being foreigners Ye Runming said: "For buyers, the smaller unit area of River Valley Green makes the total price more attractive and relatively affordable. Buyers also see this as an excellent opportunity to invest in the core central region." Located in River Valley Green, the project is developed by Wing Tai Holdings. This 99-year leasehold project in the core central region (CCR) features a 36-story residential building with a total of 524 units, offering options from one-bedroom to four-bedroom, and provides residents with convenient access to the Great World MRT station. ERA President Zhu Yongqiang pointed out in a statement released on Saturday that the sales performance of River Valley Green shows that despite the economic headwinds our country is facing, the demand for residential properties in the core central region remains strong, primarily supported by stable demand from local buyers. The local private residential market remains active, with the three newly launched projects River Valley Green, Promenade Peak, and Canberra Crescent Residences selling 88%, 54%, and 40% of their units respectively during the opening weekend ### Related Stocks - [W05.SG - Wing Tai](https://longbridge.com/en/quote/W05.SG.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | 微信支付「WeChat Pay 收錢碼」升級一年錄接近百萬宗交易，內地旅客佔 6 成，在港推「心水小店計劃」 | 騰訊旗下的微信支付在過去一年內升級的「WeChat Pay 收錢碼」已錄得近百萬宗交易，其中內地旅客佔比接近 60%。此外，微信支付在香港推出「心水小店計劃」，通過零費率及雙幣收款工具，幫助本地中小微餐飲商户把握節日商機，提升運營效率並擴大 | [Link](https://longbridge.com/en/news/275690270.md) | | 永泰地產與資本策略中環地標項目「 Central Crossing」結構平頂完工 預計今年年中落成 | 永泰地產有限公司與資本策略地產有限公司聯合宣佈，位於中環的旗艦項目 Central Crossing 已完成結構平頂工程，預計於今年中旬落成。該項目是香港首個集甲級寫字樓、國際奢華酒店、零售購物村及綠化公共空間於一體的綜合發展，面積約 43 | [Link](https://longbridge.com/en/news/275705950.md) | | 騰訊的新星展集團控股和特斯拉的合作是否剛剛改變了騰訊控股（SEHK:700）的投資故事？ | 騰訊雲已擴大與 Blooming Talk 的合作，並與星展銀行（DBS）合作，通過微信支付增強跨境支付。此外，騰訊加深了與特斯拉的合作，將微信服務整合到車輛中。這些發展旨在加強騰訊的金融科技和數字服務。雖然與星展銀行的合作支持支付增長，但 | [Link](https://longbridge.com/en/news/275867791.md) | | 泰國釀酒公司公佈季度息税折舊攤銷前利潤為 16,745 百萬泰銖 | 泰國釀酒發佈季度 EBITDA 為 16,745 百萬泰銖 | [Link](https://longbridge.com/en/news/275895182.md) | | 星展與騰訊合作 可即時匯款至微信支付 \| 聯合早報網 | 星展銀行與騰訊的 TenPay Global 推出新的跨境支付服務，允許用户即時將資金匯入微信支付錢包，方便往來中國大陸的轉賬與消費。該服務已整合進星展的數碼銀行應用，客户可通過 DBS Remit 進行匯款，且不收取手續費。預計農曆新年期 | [Link](https://longbridge.com/en/news/275837378.md) | --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice.