{"id":104113,"date":"2019-02-18T11:52:28","date_gmt":"2019-02-18T04:52:28","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-sales-down-28-m-o-m-in-january\/"},"modified":"2019-02-18T12:04:19","modified_gmt":"2019-02-18T05:04:19","slug":"private-home-sales-down-28-m-o-m-in-january","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-sales-down-28-m-o-m-in-january\/","title":{"rendered":"Private home sales down 28% m-o-m in January"},"content":{"rendered":"


\nArtist\u2019s impression of Fourth Avenue Residences, one of three new projects launched in January.
\nDevelopers sold 433 private homes in January, down 28 percent from the 602 units moved in December, reported Channel NewsAsia citing Urban Redevelopment Authority data.
\nLast month\u2019s sales were also 17.8 percent lower compared to the 527 units sold over the same period last year, excluding executive condominiums (ECs).
\nMore:\u00a0New Private Home Sales Expected To Slump By 20% In 2019: DBS
\nThe sales results for January signals a \u201cvery different\u201d mood from last year when sentiments were more positive at the start of the year, said Desmond Sim, CBRE\u2019s head of research for Singapore and Southeast Asia.
\nSome analysts believe that sales last month may have been limited due to the lack of offerings in the Outside Central Region (OCR) and Rest of Central Region (RCR).
\nThis comes as all three new projects launched in January \u2013 Fyve Derbyshire, Fourth Avenue Residences and RV Altitude \u2013 were all found in the Core Central Region.
\n\u201cSales volume is usually higher when large-scale projects are launched in the OCR and RCR since prices tend to be lower (compared to luxury homes) and more buyers can afford these homes,\u201d said Christine Sun, OrangeTee\u2019s head of research and consultancy.
\n\u201cThere is also a longer holiday period during the Lunar New Year where many potential buyers could have travelled overseas during the long weekend. As a result, many developers may have pushed back their launches to avoid breaking the sales momentum since sales are usually slower during the festive season,\u201d she noted.
\nFourth Avenue Residences found buyers for 74 units at a median price of $2,412 psf, while RV Altitude moved 19 units at a median price of $2,858 psf. Fyve Derbyshire, on the other hand, sold 11 units at a median price of $2,382 psf.
\n\u201cThe fact that three prime district projects were launched in January reflects confidence on the part of their developers in launching units in the upper price segment where the pool of buyers is more limited,\u201d noted Ong Teck Hui, JLL\u2019s senior director of research and consultancy.
\nSun added that healthy demand for the new units \u201cbodes well for the luxury market as more than 4,000 new homes could be launch-ready this year\u201d.
\nLooking ahead, analysts expect this year\u2019s demand for new homes to be driven by supply.
\nUpcoming launches include the 1,140-unit The Florence Residences in Hougang as well as the 2,203-unit Treasure @ Tampines.
\n\u201c(It) will be a busy year for buyers, developers and agents alike,\u201d said Eugene Lim, key executive officer at ERA Realty Network.
\nCan you afford a condo in Singapore? Check your\u00a0affordability\u00a0now.\u00a0Get more details on the\u00a0property market outlook for 2019
\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 down 28% m-o-m in January<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Artist\u2019s impression of Fourth Avenue Residences, one of three new projects launched in January. Developers...<\/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-104113","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-r5f","jetpack-related-posts":[{"id":79856,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-private-home-sales-up-37-from-a-year-ago\/","url_meta":{"origin":104113,"position":0},"title":"New private home sales up 37% from a year ago","date":"February 14, 2018","format":false,"excerpt":"\r Symphony Suites sold 65 units in the month of January, making it the most popular project.\u00a0 Property developers sold 522 new private homes excluding executive condominiums (ECs) in January 2018, up 21 percent from 431 units in the month before, according to data published by the Urban Redevelopment Authority\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":114357,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-sales-up-14-9-in-january\/","url_meta":{"origin":104113,"position":1},"title":"Private home sales up 14.9% in January","date":"February 18, 2020","format":false,"excerpt":"\r The figure also marked the best January showing since 2013,\u00a0when 2,028 units were transacted. Photo: JadeScape emerged as the best-selling project in January 2020.\u00a0 Despite the Chinese New Year festivities and the coronavirus outbreak, developers sold 618 new private homes in January, up 14.9% from the previous month and\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":104113,"position":2},"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":[]},{"id":8140,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developer-sales-down-almost-23-from-year-ago\/","url_meta":{"origin":104113,"position":3},"title":"Developer sales down almost 23% from year ago","date":"March 16, 2016","format":false,"excerpt":"\r The best-selling project in February was The Panorama in Ang Mo Kio. New private home sales in Singapore fell by 22.8 percent to 301 units in February 2016, from 390 units in the same period last year, according to data released by the Urban Redevelopment Authority (URA) on Tuesday,\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":104113,"position":4},"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":115682,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-residential-sales-rose-20-in-q1-huttons-asia\/","url_meta":{"origin":104113,"position":5},"title":"Singapore residential sales rose 20% in Q1: Huttons Asia","date":"April 17, 2020","format":false,"excerpt":"\r Residential sales in Singapore climbed 20% year-on-year in the first quarter of 2020. Property is proving to be an enduring asset class for many in times of uncertainty as residential sales in Singapore climbed 20% year-on-year in the first quarter of 2020, revealed a Huttons Asia report. After the\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\/104113"}],"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=104113"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/104113\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=104113"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=104113"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=104113"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}