{"id":102353,"date":"2018-12-18T10:33:17","date_gmt":"2018-12-18T03:33:17","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-sales-rebound-in-november-amid-surge-in-new-launches\/"},"modified":"2018-12-18T11:04:37","modified_gmt":"2018-12-18T04:04:37","slug":"private-home-sales-rebound-in-november-amid-surge-in-new-launches","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-sales-rebound-in-november-amid-surge-in-new-launches\/","title":{"rendered":"Private home sales rebound in November amid surge in new launches"},"content":{"rendered":"


\nArtist\u2019s impression of Kent Ridge Hill Residences, a new condominium located right at the edge of Kent Ridge Park.
\nSingapore 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.
\nOn an annual basis, the figure was 52 percent higher from the 788 units sold in November 2017.
\nThe new projects launched \u2013 Arena Residences, 3 Cuscaden, Kent Ridge Hill Residences, Belgravia Green, Parc Esta, Whistler Grand and The Woodleigh Residences \u2013 accounted for 69 percent (830 units) of last month\u2019s new private home sales.
\nDevelopers released 1,341 new private homes last month, up 564 percent from the 202 units launched in October and three times higher than in November last year.
\nParc Esta emerged as the top-selling project, with 348 units sold at a median price of $1,699 psf, followed by Whistler Grand (219 units sold at a median price of $1,352 psf) and Kent Ridge Hill Residences (126 units sold at a median price of $1,715 psf).
\nIncluding ECs, developers moved 1,202 units last month.
\n\u201cThe strong launches and sales take-up of private homes in November is significant as they occurred during the time of the year when market activities usually begin to wind down due to the start of the year-end holidays,\u201d said JLL senior director of research & consultancy Ong Teck Hui.
\n\u201cThey are in fact the strongest monthly launch and sales figures in 2018 (disregarding the 2,239 units launched and 1,724 units sold in July which were an aberration due to the sudden launch of several projects to beat the start of the July cooling measures).\u201d
\nColliers International research head for Singapore, Tricia Song, said last month\u2019s robust sales performance reflected \u201can underlying genuine demand for astutely-priced and conveniently-located projects\u201d.
\nShe believes the healthy take-up for the new launches will help \u201cshore up developers\u2019 confidence in the residential sector in Singapore, following the more muted market sentiment after new cooling measures were implemented in July\u201d.
\nLooking ahead, Song expects developers to sell between 9,500 to 10,000 new homes next year amid the ample pipeline of new projects that could be launched for sale.
\n\u201cThis is an 11 percent increase from our 2018\u2019s forecasted numbers as we take into account a potentially larger and varied launch pipeline and gradual market acceptance of the new measures in 2019,\u201d she added.
\nProjects to be launched in Q1 2019 could include Fourth Avenue Residences, Mayfair Modern, MeyerHouse, Petit Jervois, Treasure at Tampines and Florence Residences.
\nGet more details on the property market outlook for 2019 here
\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…Private home sales rebound in November amid surge in new launches<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Artist\u2019s impression of Kent Ridge Hill Residences, a new condominium located right at the edge...<\/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-102353","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-qCR","jetpack-related-posts":[{"id":96183,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/august-property-sales-to-fall-as-buyers-postpone-purchases\/","url_meta":{"origin":102353,"position":0},"title":"August property sales to fall as buyers postpone purchases","date":"August 17, 2018","format":false,"excerpt":"\r With buyers holding back purchases during the hungry ghost month, analysts expect property sales for August to be sluggish, reported Singapore Business Review. Colliers International even expects the significant drop in sales to continue to September as the buyers\u2019 knee-jerk reaction to the new housing curbs add up to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":101326,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-private-home-sales-down-48-in-oct\/","url_meta":{"origin":102353,"position":1},"title":"New private home sales down 48% in Oct","date":"November 16, 2018","format":false,"excerpt":"\r 10 Evelyn in Newton was the only residential project launched last month. Excluding executive condominiums (ECs), private home sales declined by almost 48 percent to 487 units in October compared to 932 units in the month before. On an annual basis, sales fell by 36 percent from 761 units,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":103004,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-private-home-sales-fell-almost-50-m-o-m-in-dec\/","url_meta":{"origin":102353,"position":2},"title":"New private home sales fell almost 50% m-o-m in Dec","date":"January 16, 2019","format":false,"excerpt":"\r A crowd of potential buyers at Parc Esta\u2019s sales gallery in November. (Photo: MCL Land) New private home sales fell by almost 50 percent to 602 units in December from 1,201 units in November, on the back of the year-end lull and a dearth of new launches, reported the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":100000,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sept-private-home-sales-buoyed-by-new-launches\/","url_meta":{"origin":102353,"position":3},"title":"Sept private home sales buoyed by new launches","date":"October 17, 2018","format":false,"excerpt":"\r Artist\u2019s impression of Mayfair Gardens, a high-end condo in Bukit Timah. The 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. Some major launches include JadeScape, Mayfair Gardens, The\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":110877,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/parc-clematis-accounted-for-28-17-of-augusts-sales\/","url_meta":{"origin":102353,"position":4},"title":"Parc Clematis accounted for 28.17% of August\u2019s sales","date":"September 18, 2019","format":false,"excerpt":"\r According to reports, buyers generally remained price-sensitive and value-discerning, opting for projects near transport links and priced at affordable quantum. Parc Clematis, the top selling private residential project in August, accounted for 28.17 percent of the 1,122 units sold last month. Located at Jalan Empeng, the 99-year leasehold development\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":101193,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/kent-ridge-hill-residences-sells-116-units\/","url_meta":{"origin":102353,"position":5},"title":"Kent Ridge Hill Residences sells 116 units","date":"November 13, 2018","format":false,"excerpt":"\r Buyers waiting for their numbers to be called during the balloting process at Kent Ridge Hill Residences\u2019 showflat. (Photo: Oxley Holdings) Kent Ridge Hill Residences, a residential project by Oxley Holdings in 50 South Buona Vista Road, has sold 116 units or over 46 percent of the 250 homes\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\/102353"}],"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=102353"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/102353\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=102353"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=102353"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=102353"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}