{"id":104197,"date":"2019-02-20T11:37:20","date_gmt":"2019-02-20T04:37:20","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/unsold-private-homes-in-the-pipeline-rose-to-34467\/"},"modified":"2019-02-20T15:03:06","modified_gmt":"2019-02-20T08:03:06","slug":"unsold-private-homes-in-the-pipeline-rose-to-34467","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/unsold-private-homes-in-the-pipeline-rose-to-34467\/","title":{"rendered":"Unsold private homes in the pipeline rose to 34,467"},"content":{"rendered":"


\nThe significant increase occurred as the Strata Titles Board gave its nod to more collective sales.
\nThe number of unsold private residential units in the pipeline here almost doubled from 18,891 units at the end of 2017 to 34,467 units by 31 December 2018, revealed a recent report from List Sotheby\u2019s International Realty, Singapore.
\nAccording to a new report from the property agency, the significant increase occurred as the Strata Titles Board gave its nod to more collective sales.
\nMore:\u00a0New Private Home Sales Expected To Slump By 20% In 2019: DBS
\n\u201cAmong the unsold units, 19,415 units (56 percent) were from projects that were either launched or not launched yet. The remaining 15,409 units (44 percent) were not launched as these projects did not have the prerequisites for sale,\u201d said the report.
\nMoreover, the 34,467 unsold units are part of 51,498 units with planning approvals. These included developments that received some approval from the authorities during the last quarter of 2018, such as those located in Holland Road (559 units), Hillview Rise (564 units), Sunset Way (648 units), Sengkang Central (682 units) and Silat Avenue (1,101 units).
\nAlso included are the upcoming 1,468-unit Parc Clematis condo (former Park West Condo) and the future 2,203-unit Treasure At Tampines (previously Tampines Court).
\nMeanwhile, the report said that Singapore\u2019s private housing market is in the beginning of a new market cycle.
\n\u201cWith six months of understanding how the new measures work, the residential market is ready to start a new cycle. While the measures have put a dampener on the sharp V-shaped upturn in home prices that lasted from Q3 2017 to Q2 2018, they are aimed at creating a gentler U-shaped upturn that benefits all parties in the longer run.\u201d
\n\u201cWe expect the growth of home prices to hover between -2.0 percent and 2.0 percent in 2019. Demand for new homes is likely to remain around 9,000 to 10,000 units, dominated by sales from mega-projects located in RCR,\u201d it noted.
\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…Unsold private homes in the pipeline rose to 34,467<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The significant increase occurred as the Strata Titles Board gave its nod to more collective...<\/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-104197","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-r6B","jetpack-related-posts":[{"id":52468,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ura-launches-2-housing-sites-for-sale\/","url_meta":{"origin":104197,"position":0},"title":"URA launches 2 housing sites for sale","date":"April 21, 2017","format":false,"excerpt":"\r Two housing sites at Stirling Road and Lorong 1 Realty Park were launched for sale by public tender by the Urban Redevelopment Authority (URA) on Thursday (21 April). Offered on a 99-year leasehold tenure, both sites can potentially yield about 1,160 units. The 21,109.5 sq m plot at Stirling\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":114670,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/rising-number-of-unsold-invetories-give-buyers-the-upper-hand-cbre\/","url_meta":{"origin":104197,"position":1},"title":"Rising number of unsold invetories give buyers the upper hand: CBRE","date":"March 3, 2020","format":false,"excerpt":"\r The increasing number of unsold units coupled with the COVID-19 outbreak will see buyers having the upper hand.\u00a0\u00a0 Buyers in Singapore are seen to have the upper hand in the private residential market this year due to the rising number of unsold inventories, reported The Straits Times. Around 40\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":95051,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-private-home-prices-rose-3-4-in-q2\/","url_meta":{"origin":104197,"position":2},"title":"Singapore private home prices rose 3.4% in Q2","date":"July 30, 2018","format":false,"excerpt":"\r The price growth in Q2 was slightly slower than the 3.9 percent increase in Q1.\u00a0 Singapore private home prices rose 3.4 percent quarter-on-quarter in Q2 2018 compared to a slightly faster growth of 3.9 percent in Q1, according to more complete data released by the Urban Redevelopment Authority (URA)\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":86928,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/up-to-29-new-launches-offering-14200-units-for-rest-of-year-report\/","url_meta":{"origin":104197,"position":3},"title":"Up to 29 new launches offering 14,200 units for rest of year: report","date":"May 2, 2018","format":false,"excerpt":"\r Is the upcoming supply excessive and will it result in an overheating housing market?\u00a0 Up to 29 private residential projects could be launched between the second and fourth quarters of this year, supplying about 14,200 new units and raising concerns of an overheating housing market, according to a report\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":112892,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/government-releases-gls-residential-sites-for-1h-2020\/","url_meta":{"origin":104197,"position":4},"title":"Government releases GLS residential sites for 1H 2020","date":"December 5, 2019","format":false,"excerpt":"\r The Ministry of National Development (MND) announced on 3 December it will release three confirmed\u00a0sites for private residential developments in the 1H 2020 Government Land Sales (GLS) programme. The 1H 2020 sites will yield a combined 1,775 units. While the number of sites and units released\u00a0is lower\u00a0than the\u00a0five confirmed\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":113098,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/growth-in-private-home-prices-still-possible-in-2020-say-experts\/","url_meta":{"origin":104197,"position":5},"title":"Growth in private home prices still possible in 2020, say experts","date":"December 16, 2019","format":false,"excerpt":"\r \u00a0 Private home prices in Singapore is expected to grow modestly in 2020 amid resilient rental demand, according to property analysts and experts. Despite this, developers will face an uphill task of selling their units, given the high number of unsold private homes in the pipeline, reported The Business\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\/104197"}],"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=104197"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/104197\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=104197"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=104197"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=104197"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}