{"id":103004,"date":"2019-01-16T12:47:20","date_gmt":"2019-01-16T05:47:20","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-private-home-sales-fell-almost-50-m-o-m-in-dec\/"},"modified":"2019-01-16T13:02:51","modified_gmt":"2019-01-16T06:02:51","slug":"new-private-home-sales-fell-almost-50-m-o-m-in-dec","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-private-home-sales-fell-almost-50-m-o-m-in-dec\/","title":{"rendered":"New private home sales fell almost 50% m-o-m in Dec"},"content":{"rendered":"


\nA crowd of potential buyers at Parc Esta\u2019s sales gallery in November. (Photo: MCL Land)
\nNew 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 Business Times.
\nOn a yearly basis, new private home sales surged by 40 percent from the 431 units sold in December 2017.
\nIncluding executive condominiums (ECs), developers sold 605 units, down by almost 50 percent from the 1,205 units moved in November, but 14 percent higher from the previous year\u2019s 531 units.
\n\u201cDespite no new launch in December, sales momentum of earlier launched projects continued even after their initial launch. This largely showed that developers have gotten their product mix and pricing spot on,\u201d said Hutton Asia\u2019s research head Lee Sze Teck.
\nParc Esta and Whistler Grand along with Riverfront Residences, Stirling Residences and Parc Colonial emerged as the top five projects in December.
\nOther projects that registered double-digit sales include Affinity at Serangoon, The Tapestry, Parc Botannia and Belgravia Green.
\nChristine Sun, head of research and consultancy at OrangeTee & Tie, noted that the ongoing sales momentum at several new projects \u201cmay indicate that the property market could be reaching equilibrium soon as prices are stabilising and more buyers are streaming back\u201d.
\n\u201cWe anticipate that the current buying momentum will continue and the supply-led demand may see developers\u2019 home sales reaching 10,000 to 11,000 units for 2019. Many projects are expected to be launched after Chinese New Year, including The Florence Residences and Treasure @ Tampines.\u201d
\nSun predicts a bumper crop of 19,000 to 21,000 new homes to be launch-ready this year.
\nZACD Group executive director Nicholas Mak, however, expects home buying demand to continue to be moderated by the risk of rising interest rates, the property cooling measures, global economic uncertainty and US-China trade tensions.
\n\u201cResidential developers\u2019 sales volume in 2019 could continue to moderate to between 7,500 and 9,000 for the whole year as there is still cautious optimism and healthy underlying demand in the market,\u201d he said.
\nLooking to purchase a new home? Read our\u00a0in-depth project reviews\u00a0of all new launches or check out our\u00a0buying or rental guides.
\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…New private home sales fell almost 50% m-o-m in Dec<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A crowd of potential buyers at Parc Esta\u2019s sales gallery in November. (Photo: MCL Land)...<\/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-103004","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-qNm","jetpack-related-posts":[{"id":38550,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-home-sales-down-31-in-november\/","url_meta":{"origin":103004,"position":0},"title":"Singapore home sales down 31% in November","date":"December 19, 2016","format":false,"excerpt":"\r Number of unit launches also fell Artist\u2019s impression of Parc Riviera in West Coast Vale Property developers in Singapore sold 860 units in November 2016, down 31.4 percent from the 1,253 units in the previous month, reported Channel NewsAsia, citing data from the Urban Redevelopment Authority (URA). Including executive\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":38278,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-home-sales-down-31-in-november\/","url_meta":{"origin":103004,"position":1},"title":"New home sales down 31% in November","date":"December 16, 2016","format":false,"excerpt":"\r Artist\u2019s impression of Parc Riviera in West Coast Vale. Property developers in Singapore sold 860 units in November 2016, down 31.4 percent from the 1,253 units in the previous month, reported Channel NewsAsia, citing data from the Urban Redevelopment Authority (URA). Including executive condominiums (ECs), developers sold 1,110 private\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":103004,"position":2},"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":120006,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developer-sales-up-in-december-highest-since-2012\/","url_meta":{"origin":103004,"position":3},"title":"Developer sales up in December, highest since 2012","date":"January 15, 2021","format":false,"excerpt":"\r Developer sales up in December, highest since 2012Analysts expect\u00a0the sales momentum in December to spill over to January 2021. However it is anticipated\u00a0that while demand for new homes may remain high, the supply of new launches may decline this year. Image: Clavon, whose launch in December sold 473 units\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/01\/Artists-impression-of-Clavon-13-August-2020-crop.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":107166,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-private-home-sales-down-30-m-o-m-in-april\/","url_meta":{"origin":103004,"position":4},"title":"New private home sales down 30% m-o-m in April","date":"May 16, 2019","format":false,"excerpt":"\r Sales of new condominium units in Singapore fell on the back of fewer project launches last month. Data released by the Urban Redevelopment Authority on Wednesday (May 15) shows that 444 private homes were launched for sale in April, down 75 percent from 1,812 units in the previous month,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":44304,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-home-sales-up-17-6-from-year-ago\/","url_meta":{"origin":103004,"position":5},"title":"New home sales up 17.6% from year ago","date":"February 16, 2017","format":false,"excerpt":"\r Analysts expect more sales activity in the primary market this year.\u00a0 Despite the lack of new project launches, developers sold 381 private residential units in January, excluding executive condominiums (ECs), according to latest data from the Urban Redevelopment Authority (URA). This is up 3.8 percent from the 367 units\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\/103004"}],"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=103004"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/103004\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=103004"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=103004"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=103004"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}