{"id":108225,"date":"2019-06-18T11:29:28","date_gmt":"2019-06-18T04:29:28","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-sales-up-29-5-in-may\/"},"modified":"2019-06-18T12:08:03","modified_gmt":"2019-06-18T05:08:03","slug":"private-home-sales-up-29-5-in-may","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-sales-up-29-5-in-may\/","title":{"rendered":"Private home sales up 29.5% in May"},"content":{"rendered":"


\nNew launches more than tripled from the previous month to 1,394 units in May.
\nDeveloper sales jumped 29.5 percent month-on-month to 952 units (excluding executive condominiums) in May, as buyers were spoilt for choice with nine new projects launched during the month.
\nNew launches more than tripled from the previous month to 1,394 units in May.
\nOn a yearly basis, however, private home sales dropped 15 percent as May 2018 witnessed a major mass market launch \u2013 the 520-unit Twin Vew, which moved 454 units, noted Tricia Song, head of research for Singapore at Colliers International.
\nLast month, Amber Park, Parc Komo and The Woodleigh Residences emerged as the top-selling projects, with 155 units, 79 units and 74 units sold, respectively.
\n\u201cGiven that it is now a buyers\u2019 market with many choices available, only Amber Park had a stellar take-up of 97 percent of the units launched, with the rest registering less than 30 percent take-up,\u201d said Desmond Sim, CBRE\u2019s head of research for Southeast Asia.
\nSingapore\u2019s East Coast offers a quiet and comfortable escape from the city\u2019s bustling centre. Get pricing insights, location guides and more with our AreaInsider guide!
\n\u00a0
\nNew Project Launches
\nSource: URA
\n\u00a0
\n\u00a0Top Selling Projects in May 2019
\nSource: URA
\nColliers\u2019 Song attributed Amber Park\u2019s success to the project\u2019s attractive design and reasonable pricing.
\n\u201cIn addition to its having the largest recreational space among new developments in the East Coast and Katong area, the upcoming Thomson-East Coast MRT line to be in place by 2023, also augurs well with the new project\u2019s completion timeline.\u201d
\nIn general, sales have come to a relative standstill, said CBRE\u2019s Sim. \u201cUltimately, it is a question of how long they can afford to maintain prices at current levels as more launches come onto the market to compete for buyers. Should take-up remain at current levels, it is likely that developers might shave off some margins to launch at lower prices, especially for yet-to-be-launched projects, as well as those secured in the later stage of the en-bloc cycle.\u201d
\nSong expects take-up to ease slightly in June during the school holidays, while private home prices could stabilise in the second half of 2019 and rise by one percent for the full year.
\n\u201cSupporting factors that could hold up prices in the coming quarters include: halt in interest rate increases, continued benign economic growth, and en bloc beneficiaries buying replacement homes,\u201d she added.
\n\u00a0
\nThinking of moving to the East? Get up to 3% off and $40k cash rebates on select units at Seaside Residences with\u00a0GuruDeals\u00a0today!<\/p>\n

\u00a0
\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…Private home sales up 29.5% in May<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

New launches more than tripled from the previous month to 1,394 units in May. Developer...<\/p>\n","protected":false},"author":1,"featured_media":108226,"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-108225","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-news"],"jetpack_featured_media_url":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2019\/06\/new-launches-in-may-1024x341.png?fit=1024%2C341&ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-s9z","jetpack-related-posts":[{"id":112548,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/proportion-of-condominium-buyers-with-hdb-addresses-fall-to-29-5\/","url_meta":{"origin":108225,"position":0},"title":"Proportion of condominium buyers with HDB addresses fall to 29.5%","date":"November 22, 2019","format":false,"excerpt":"\r Meanwhile, the proportion of condominium units sold to private homebuyers stood still at 50% from the previous quarter. The proportion of condominium units sold in in Q2 2019 to those having HDB addresses dropped to 29.5% from 37.8% in Q1, reported Singapore Business Review citing Edmund Tie. This figure\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2019\/11\/EDMUND-TIE-Housing-Report-Singapore-Q3-2019.pdf.png?fit=700%2C483&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":62404,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-launches-5291-flats-in-august\/","url_meta":{"origin":108225,"position":1},"title":"HDB launches 5,291 flats in August","date":"August 1, 2017","format":false,"excerpt":"\r Artist\u2019s impression of West Scape @ Bukit Batok. (Source: HDB) The Housing and Development Board on Tuesday (1 August) launched 5,291 flats for sale in its latest Build-To-Order (BTO) and inaugural Re-Offer of Balance Flats (ROF) exercise. They comprise 3,897 BTO units spread across three projects in the non-mature\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2017\/08\/Aug-2017-BTO-flat-prices-1024x447.jpg?fit=1024%2C447&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":61276,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-to-offer-bto-flats-with-shorter-waiting-time\/","url_meta":{"origin":108225,"position":2},"title":"HDB to offer BTO flats with shorter waiting time","date":"July 20, 2017","format":false,"excerpt":"\r \u00a0 To help young couples get their new homes sooner, the Housing and Development Board (HDB) will introduce a new sales mode for balance flats and will start the construction of select build-to-order (BTO) projects ahead of their launch. The Housing Board plans to launch for sale the first\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":91728,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-private-home-sales-jump-53-in-may\/","url_meta":{"origin":108225,"position":3},"title":"New private home sales jump 53% in May","date":"June 19, 2018","format":false,"excerpt":"\r Thousands of buyers turned up at the showflat of Twin Vew during the launch in May. (Photo: CSC Land) Sales of new private homes in Singapore reached 1,121 units in May 2018, representing a 53.1 percent jump from the month before and a 7.9 percent increase from the same\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":108225,"position":4},"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":101326,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-private-home-sales-down-48-in-oct\/","url_meta":{"origin":108225,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/108225"}],"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=108225"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/108225\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media\/108226"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=108225"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=108225"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=108225"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}