{"id":107166,"date":"2019-05-16T12:10:43","date_gmt":"2019-05-16T05:10:43","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-private-home-sales-down-30-m-o-m-in-april\/"},"modified":"2019-05-16T13:03:22","modified_gmt":"2019-05-16T06:03:22","slug":"new-private-home-sales-down-30-m-o-m-in-april","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-private-home-sales-down-30-m-o-m-in-april\/","title":{"rendered":"New private home sales down 30% m-o-m in April"},"content":{"rendered":"


\nSales of new condominium units in Singapore fell on the back of fewer project launches last month.
\nData 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, reported The New Paper.
\nOnly three new projects were launched last month, compared with 10 in the month before.
\nThese three launches made up just 3.8 percent of the 735 units sold the previous month, with most sales coming from previous launches.
\nWith the lack of major launches, sales of private homes by developers dropped by about 30 percent to 735 private homes in April, compared to 1,054 units moved in the previous month, but almost identical to the 733 units sold during the same month last year.
\nJLL senior director of research and consultancy Ong Teck Hui believes that the \u201cmismatch between the 1,812 private homes launched and the 1,054 units sold in March sent a clear message that there is a lack of demand to absorb so much supply being placed\u201d.
\n\u201cMost of the projects launched in March suffered weak take-up rates. Taking the cue, developers turned cautious and scaled back their launches in April to avoid poor sales progress in their projects,\u201d he noted.
\nAs an indication of weaker sentiment, 2,573 units were sold during the first four months of this year while 3,433 units were launched, said CBRE South-east Asia head of research Desmond Sim.
\nThis is in comparison to 2,360 units sold during the same period last year, with 1,732 units launched, he said.
\nHowever, other analysts are giving a more positive outlook.
\nTricia Song, head of research for Singapore at Colliers International, believes that despite the decline of sales month-on-month, the April figures are relatively decent given that far fewer units were launched.
\nProjects that did well in March still led sales in April.
\nThese include Treasure at Tampines (51 units sold at a median price of $1,326 psf), The Tre Ver (81 units at median price of $1,624 psf), Riverfront Residences (50 units at median price of $1,308 psf) and Parc Botannia (61 units at median price of $1,294 psf).
\nMeanwhile, with the inclusion of executive condominiums, developers managed to sell 744 new units last month. This is about 30 percent lower compared to 1,062 units in March, and down 44 percent from 1,329 units in April last year.
\nWhile you\u2019re here, check out some new projects for sale, or read our\u00a0complete guide to buying a new launch condo in Singapore.\u00a0
\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 down 30% m-o-m in April<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Sales of new condominium units in Singapore fell on the back of fewer project launches...<\/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-107166","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-rSu","jetpack-related-posts":[{"id":101326,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-private-home-sales-down-48-in-oct\/","url_meta":{"origin":107166,"position":0},"title":"New private home sales down 48% in Oct","date":"November 16, 2018","format":false,"excerpt":"\r 10 Evelyn in Newton was the only residential project launched last month. Excluding executive condominiums (ECs), private home sales declined by almost 48 percent to 487 units in October compared to 932 units in the month before. On an annual basis, sales fell by 36 percent from 761 units,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":110136,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-residential-project-launches-rose-23-1-in-q2\/","url_meta":{"origin":107166,"position":1},"title":"Private residential project launches rose 23.1% in Q2","date":"August 23, 2019","format":false,"excerpt":"\r Developers launched 16 new private residential projects in the second quarter of 2019, up 23.1 percent from the 13 projects registered in the first quarter or one of the highest quarterly figures since the fourth quarter of 2013. According to a report by Singapore Business Review citing Savills Singapore,\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":107166,"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":104113,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-sales-down-28-m-o-m-in-january\/","url_meta":{"origin":107166,"position":3},"title":"Private home sales down 28% m-o-m in January","date":"February 18, 2019","format":false,"excerpt":"\r Artist\u2019s impression of Fourth Avenue Residences, one of three new projects launched in January. Developers sold 433 private homes in January, down 28 percent from the 602 units moved in December, reported Channel NewsAsia citing Urban Redevelopment Authority data. Last month\u2019s sales were also 17.8 percent lower compared to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":106139,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-home-sales-surge-131-6-in-march\/","url_meta":{"origin":107166,"position":4},"title":"New Home Sales Surge 131.6% In March","date":"April 16, 2019","format":false,"excerpt":"\r New 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 Including executive condominiums (ECs), developers sold 1,062 units, up 132.4 percent from the previous month. On a yearly basis, new home sales, excluding\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":71879,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developer-sales-up-15-in-october-despite-no-major-launches\/","url_meta":{"origin":107166,"position":5},"title":"Developer sales up 15% in October despite no major launches","date":"November 15, 2017","format":false,"excerpt":"\r Sophia Hills in Mount Sophia was the top-selling private residential project last month. Sales of new private homes excluding executive condominiums (ECs) rose 15.4 percent to 758 units in October from 657 in the previous month, according to data from the Urban Redevelopment Authority on Wednesday (15 November). However,\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\/107166"}],"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=107166"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/107166\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=107166"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=107166"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=107166"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}