{"id":104911,"date":"2019-03-12T10:56:40","date_gmt":"2019-03-12T03:56:40","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/resale-condo-transactions-down-7-8-in-2018\/"},"modified":"2019-03-12T11:03:25","modified_gmt":"2019-03-12T04:03:25","slug":"resale-condo-transactions-down-7-8-in-2018","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/resale-condo-transactions-down-7-8-in-2018\/","title":{"rendered":"Resale condo transactions down 7.8% in 2018"},"content":{"rendered":"


\nUnits priced below $1.5 million made up 61.8 percent of total resale transactions, up from the 61.1 percent in 2017.
\nResale condo transactions fell 7.8 percent year-on-year to 11,215 units in 2018, reported Singapore Business Review citing an Edmund Tie & Co report.
\nThis comes as resale volumes in the second half of 2018 plunged 47 percent from the first half of the year.
\nMore:\u00a0New Private Home Sales Expected To Slump By 20% In 2019: DBS
\nAlmost half (49.2 percent) of the total transactions last year came from the Outside Central Region (OCR), where 5,520 resale units changed hands.
\nThe Rest of the Central Region (RCR) accounted for 30.4 percent with 3,412 units transacted, while the Core Central Region (CCR) accounted for 20.4 percent with 3,412 resale units sold in 2018.
\nUnits priced below $1.5 million made up 61.8 percent of total resale transactions, up from the 61.1 percent in 2017.
\nUnits above $1.5 million comprised 18.1 percent, while those priced above $2 million accounted for 20.1 percent of the resale transactions last year.
\n\u201cAlthough the overall Urban Redevelopment Authority price index had risen by some 7.9 percent, a higher portion of the price increase is typically reflected in the new sales market relative to the resale market. This is not uncommon as the resale market usually consists of older housing stock which is also comparatively more affordable than new units within the same locality,\u201d noted ET&Co.
\nFor this year, the firm expects the resale market to face stiff competition from the new sales market, especially for well-amenitised and well-priced projects.
\n\u201cResale volume for non-landed properties is expected to moderate with prices of older leasehold properties likely to face some downside pressure,\u201d noted ET&Co.
\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…Resale condo transactions down 7.8% in 2018<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Units priced below $1.5 million made up 61.8 percent of total resale transactions, up from...<\/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-104911","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-ri7","jetpack-related-posts":[{"id":86926,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/resale-condo-prices-doubled-in-march\/","url_meta":{"origin":104911,"position":0},"title":"Resale condo prices doubled in March","date":"May 2, 2018","format":false,"excerpt":"\r Prices of resale condos grew by 1.0 percent in March 2018. Resale condominium prices in Singapore rose by two-fold in March on a monthly basis, revealed flash estimates of the NUS Singapore Residential Price Index (SRPI). Overall prices of completed non-landed private homes grew by 1.0 percent in March,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":87020,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/growth-rate-of-resale-condo-prices-doubled-in-march\/","url_meta":{"origin":104911,"position":1},"title":"Growth rate of resale condo prices doubled in March","date":"May 2, 2018","format":false,"excerpt":"\r Prices of resale condos grew by 1.0 percent in March 2018. UPDATED: The growth in resale condominium prices rose by two-fold in March on a monthly basis, revealed flash estimates of the NUS Singapore Residential Price Index (SRPI). Overall prices of completed non-landed private homes grew by 1.0 percent\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":120620,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/resale-private-home-transactions-rose-6-5-in-q1\/","url_meta":{"origin":104911,"position":2},"title":"Resale private home transactions rose 6.5% in Q1","date":"June 18, 2021","format":false,"excerpt":"\r Resale private home transactions rose 6.5% in Q14,607 units were sold during the first quarter of 2021, with demand likely spurred on due to COVID-19 construction delays. Savills Singapore data showed that the number of private homes sold in the secondary market increased 6.5% quarter-on-quarter to 4,607 units during\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/06\/HDB-flat-Singapore.jpg?fit=820%2C411&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":41977,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-transactions-down-9-1-in-q4\/","url_meta":{"origin":104911,"position":3},"title":"HDB resale transactions down 9.1% in Q4","date":"January 26, 2017","format":false,"excerpt":"\r View of HDB flats in the western region of Singapore. Resale prices of HDB flats dipped by 0.1 percent in the fourth quarter of 2016, according to more complete data published by the Housing Board. For the whole of 2016, the Resale Price Index slipped by 0.1 percent. On\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":26712,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/resale-transactions-up-30-in-aug-best-result-since-2013\/","url_meta":{"origin":104911,"position":4},"title":"Resale transactions up 30% in Aug, best result since 2013","date":"September 21, 2016","format":false,"excerpt":"\r Many of the resale transactions came from recently completed projects, such as The Interlace. (Photo: CapitaLand) Despite slower developer sales, resale transactions rose 30 percent year-on-year in August, its best showing since 2013, reported Singapore Business Review, citing a DBS Research report. Of the 1,621 property transactions registered in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":122641,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-private-home-sales-down-31-4-in-september\/","url_meta":{"origin":104911,"position":5},"title":"New private home sales down 31.4% in September","date":"October 18, 2021","format":false,"excerpt":"\r According to data from URA, there were 834 new private homes sold in September 2021, excluding executive condominium units, a 31.4% month-on-month\u00a0decrease. New private home sales in Singapore fell 31.4% month-on-month in September \u2013 the second month where sales dropped by double digits.\u00a0 Excluding executive condominiums (ECs), developers sold\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/10\/parc-greenwich-condo-landscape-facade-artist-impression-1.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/104911"}],"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=104911"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/104911\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=104911"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=104911"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=104911"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}