{"id":106139,"date":"2019-04-16T12:59:27","date_gmt":"2019-04-16T05:59:27","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-home-sales-surge-131-6-in-march\/"},"modified":"2019-04-16T13:06:35","modified_gmt":"2019-04-16T06:06:35","slug":"new-home-sales-surge-131-6-in-march","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-home-sales-surge-131-6-in-march\/","title":{"rendered":"New Home Sales Surge 131.6% In March"},"content":{"rendered":"


\nNew home sales have been on the rebound in March, soaring 131.6 percent month-on-month to 1,054 units,\u00a0according to the Urban Redevelopment Authority\u2019s (URA) developers\u2019 sales survey.\u00a0
\nIncluding executive condominiums (ECs), developers sold 1,062 units, up 132.4 percent from the previous month. On a yearly basis, new home sales, excluding ECs, jumped 47.2 percent.
\nFor the first quarter of 2019, new home sales remained resilient with 1,946 units sold. The figure is 23.1 percent higher than the 1,581 units transacted in Q1 2018, although no cooling measures were implemented a year ago.
\nSEE ALSO:\u00a0The Complete Guide To Buying A New Launch Condo In Singapore
\nOf the 1,812 private homes launched in March, 170 were in the Core Central Region (CCR), 576 in the Rest of Central Region (RCR), and 1,066 in the Outside Central Region (OCR).
\nA few new projects were launched last month, including\u00a0Treasure at Tampines which moved 289 units, The Florence Residences (77 units), Boulevard 88 (26 units), One Meyer (10 units) and The Essence (six units).
\nOrangeTee & Tie noted that sentiment was positive for the ultra luxury segment as it registered a significant pick-up in the number of units sold in March.\u00a0
\nBased on URA data, 25 new private homes were sold above the $5 million threshold in March. This was the highest number recorded for a single month since December 2013.
\nSEE ALSO:\u00a011 Things To Look Out For When Viewing A Showflat
\n\u201cOf the 25 units, 20 were from Boulevard 88 and five were from Marina One Residences. For these 25 units, 10 were bought by Singaporeans while 15 were bought by foreigners,\u201d said OrangeTee & Tie.
\nA 28th floor 528 sq m unit at Boulevard 88 emerged as the highest-priced unit sold last month at $28 million or $4,927 per sq ft (psf). It is also \u201cthe highest psf price transacted for a new sales unit since June 2013\u201d when a unit at Reignwood Hamilton Scotts was sold at $5,001 psf.
\nLooking ahead, CBRE research head for Southeast Asia Desmond Sim expects developers \u201cto slow down launches to give the market a breather to allow inventory to clear from existing launches\u201d.
\nBuyers, on the other hand, are expected \u201cto take a \u201cwait-and-see\u201d stance, in anticipation of prices declining in the coming quarters.
\nFiona Ho, Digital Content Manager at PropertyGuru, edited this story. To contact her about this or other stories, email\u00a0fiona@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…New Home Sales Surge 131.6% In March<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

New home sales have been on the rebound in March, soaring 131.6 percent month-on-month to...<\/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-106139","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-rBV","jetpack-related-posts":[{"id":113120,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/higher-private-home-sales-recorded-in-november-despite-property-overhang\/","url_meta":{"origin":106139,"position":0},"title":"Higher private home sales recorded in November despite property overhang","date":"December 17, 2019","format":false,"excerpt":"\r Sengkang Grand Residences was the best-selling condo in November 2019. Sales of new private homes in November picked up significantly amid a property glut and despite the beginning of the year-end holiday period, reported The Straits Times. Excluding executive condominiums (ECs), developers moved 1,147 units in November\u00a0\u2013 a 23.2%\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2019\/12\/Top-10-Selling-Condos-In-November-Colliers-International.png?fit=1076%2C790&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":121489,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-new-private-home-sales-surge-82-2-in-july\/","url_meta":{"origin":106139,"position":1},"title":"Singapore new private home sales surge 82.2% in July","date":"August 17, 2021","format":false,"excerpt":"\r Singapore new private home sales surge 82.2% in JulyAccording to data from the URA, new private home sales in July was the highest this year, with 1,744 units\u00a0sold. Photo: Watergardens at Canberra Despite the tightened safe management measures during the second half of July, developers in Singapore sold 1,589\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/08\/Artists-impression-of-The-Watergardens-at-Canberra-crop.jpg?fit=820%2C411&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":40878,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-private-home-sales-hits-3-year-high\/","url_meta":{"origin":106139,"position":2},"title":"New private home sales hits 3-year high","date":"January 17, 2017","format":false,"excerpt":"\r Singapore developers sold a higher number of units last year due to the more affordable prices at new launches. \u00a0 Sales of new private homes, including executive condominiums (ECs), climbed to a high of 12,408 units compared to the 9,026 and 10,199 units transacted in 2014 and 2015 respectively,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":30331,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ecs-the-driving-force-in-new-home-sales\/","url_meta":{"origin":106139,"position":3},"title":"ECs the driving force in new home sales","date":"October 17, 2016","format":false,"excerpt":"\r Treasure Crest EC was the chart-topping project in September, revealed URA data. (Photo: Sim Lian Group) Singapore developers sold 769 private housing units in September including executive condominiums (ECs), down 3.7 percent from the 799 units in the previous month, revealed data published on Monday (17 October) by the\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":106139,"position":4},"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":[]},{"id":120006,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developer-sales-up-in-december-highest-since-2012\/","url_meta":{"origin":106139,"position":5},"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. 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