{"id":100000,"date":"2018-10-17T11:58:30","date_gmt":"2018-10-17T04:58:30","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/sept-private-home-sales-buoyed-by-new-launches\/"},"modified":"2018-10-17T12:03:24","modified_gmt":"2018-10-17T05:03:24","slug":"sept-private-home-sales-buoyed-by-new-launches","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sept-private-home-sales-buoyed-by-new-launches\/","title":{"rendered":"Sept private home sales buoyed by new launches"},"content":{"rendered":"


\nArtist\u2019s impression of Mayfair Gardens, a high-end condo in Bukit Timah.
\nThe recovery of private home sales in September could be due to more developments being launched that may have spurred demand, according to a new report from OrangeTee & Tie.
\nSome major launches include JadeScape, Mayfair Gardens, The Jovell and Jui Residences. Altogether these four accounted for 51.6 percent, or 481 units of September\u2019s private new home sales, and are among the best-selling projects last month.
\nMore:\u00a0This Is What A $6 Million Condo Showflat Looks Like
\n\u201cWe have also observed healthy sales at some existing launches like The Tapestry, Affinity at Serangoon, The Tre Ver and Riverfront Residences as buyers may have decided to proceed with their purchases after making market comparison,\u201d said the property consultancy\u2019s research head Christine Sun.
\nPreviously, new private home sales in Singapore declined sharply by 64.3 percent month-on-month to 617 units in August compared to 1,724 units back in July. The figure also translates to an annual drop of about 50 percent.
\nBut by September, new private home sales rebounded by 51 percent on a monthly basis to 932 units. The figure also represents an annual growth of around 42 percent.
\n\u201cSome buyers may have switched their buying interest to new home sales as prices of resale homes are holding firm. Individual resellers may have been reluctant to drop prices as the economy and job market is still healthy,\u201d she noted.
\nMoreover, some property experts think that the substantial increase in new launches may indicate a recovery in the private housing market.
\n\u201cThe 1,169 private homes launched in September is the highest number of monthly launches in 2018, not counting the 2,239 launched in July, which was a distortion due to the hasty launches on 5 July to beat the cooling measures,\u201d said JLL national director of research & consultancy Ong Teck Hui.
\nLooking ahead, OrangeTee & Tie expects new private home sales to hit 8,500 to 9,500 units for the whole of 2018.
\n\u201cAs the return in demand is underpinned by strong economic fundamentals, we foresee that buying activities will pick up further as more launches are on the cards, including The Woodleigh Residences, Parc Esta, Kent Ridge Hill Residences and Whistler Gran that are slated to be launched over the next two months,\u201d said Sun.
\nHome buyers looking for\u00a0Singapore Properties\u00a0may like to visit our\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Sept private home sales buoyed by new launches<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Artist\u2019s impression of Mayfair Gardens, a high-end condo in Bukit Timah. The recovery of private...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-100000","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-q0U","jetpack-related-posts":[{"id":103270,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/slow-start-for-new-project-launches-in-2019\/","url_meta":{"origin":100000,"position":0},"title":"Slow start for new project launches in 2019","date":"January 24, 2019","format":false,"excerpt":"\r Artist\u2019s impression of Fourth Avenue Residences in Bukit Timah. (Photo: Allgreen Properties) Three private residential projects were launched for sale last weekend \u2013 among the first for the year. But out of the combined 687 apartments, only 103 units were sold, translating to a low overall take-up rate of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":97776,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/oxleys-mayfair-gardens-to-preview-this-weekend\/","url_meta":{"origin":100000,"position":1},"title":"Oxley\u2019s Mayfair Gardens to preview this weekend","date":"September 13, 2018","format":false,"excerpt":"\r Artist\u2019s impression of Mayfair Gardens, an upcoming high-end condo in Bukit Timah. Mayfair Gardens, a high-end private condominium with 215 units along Rifle Range Road in Bukit Timah, is set to open for preview this weekend (15-16 Sept), according to its developer Oxley Holdings. Inspired by the buildings in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":98052,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-private-home-sales-plunged-in-august\/","url_meta":{"origin":100000,"position":2},"title":"New private home sales plunged in August","date":"September 18, 2018","format":false,"excerpt":"\r Artist\u2019s impression of JadeScape, a new private housing development near Marymount MRT station. Following the introduction of new property cooling measures on 6 July, new private home sales in Singapore declined sharply in August on both a monthly and yearly basis, reported Channel NewsAsia. According to statistics published by\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":102353,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-sales-rebound-in-november-amid-surge-in-new-launches\/","url_meta":{"origin":100000,"position":3},"title":"Private home sales rebound in November amid surge in new launches","date":"December 18, 2018","format":false,"excerpt":"\r Artist\u2019s impression of Kent Ridge Hill Residences, a new condominium located right at the edge of Kent Ridge Park. Singapore saw developers\u2019 sales soar 146 percent month-on-month to 1,198 units (excluding executive condos (ECs)) in November, on the back of healthy demand for several new launches. On an annual\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":98964,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/40-percent-of-mayfair-gardens-sold-over-launch-weekend\/","url_meta":{"origin":100000,"position":4},"title":"40 percent of Mayfair Gardens sold over launch weekend","date":"October 2, 2018","format":false,"excerpt":"\r Artist\u2019s impression of Mayfair Gardens, a high-end condo in Bukit Timah. Mayfair Gardens, Oxley Holdings\u2019 latest luxury condominium project in Bukit Timah, moved 40 percent or 87 of its 215 units during its launch weekend on 29 to 30 September. With an average price of $1,900 psf, the units\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":105119,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-sales-up-4-4-as-developers-offer-higher-agent-commissions\/","url_meta":{"origin":100000,"position":5},"title":"Private home sales up 4.4% as developers offer higher agent commissions","date":"March 18, 2019","format":false,"excerpt":"\r The prospect of the Cross Island Line may have also boosted sales at projects situated near upcoming stations. Despite the absence of new launches and the Lunar New Year festive lull, developers sold 455 homes in February, up 4.4 percent from January and 18.5 percent higher over the same\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/100000"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=100000"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/100000\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=100000"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=100000"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=100000"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}