{"id":108674,"date":"2019-07-03T10:16:50","date_gmt":"2019-07-03T03:16:50","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/unsold-residential-inventory-rises-above-long-term-average\/"},"modified":"2019-07-03T11:11:34","modified_gmt":"2019-07-03T04:11:34","slug":"unsold-residential-inventory-rises-above-long-term-average","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/unsold-residential-inventory-rises-above-long-term-average\/","title":{"rendered":"Unsold Residential Inventory Rises Above Long-Term Average"},"content":{"rendered":"


\nUnsold residential inventory in Singapore has continued to increase, hitting 37,800 units (including executive condominiums) by the end of the first quarter of 2019, reported Singapore Business Review citing OCBC Investment Research.
\nThe figure is way above the long-term historical average of 32,400 units registered since Q1 2007.
\nAnd with more projects expected to be launched in the near term, developers may have difficulty disposing the growing inventory levels. \u201cMore launches are expected in the near term to add more pressure on the rising unsold inventory,\u201d said Desmond Sim, CBRE\u2019s head of research for Southeast Asia.
\nLooking for a new home but not sure where to start? Check out our\u00a0Area Insider Guides\u00a0for insights!
\nDBS Research data showed that around 51,964 residential units are expected to be completed between 2018 and 2022. Of these, 22,280 units are set for completion by 2022.
\nWith this, OCBC Investment maintain its \u201cprivate residential price growth forecast of -3 percent to +2 percent for 2019\u201d but pare its primary transactions volume projection \u201cto 8,000-10,000 from 10,000-12,000 as the number of new launches this year may not pan out as aggressively as previously expected\u201d.
\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…Unsold Residential Inventory Rises Above Long-Term Average<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Unsold residential inventory in Singapore has continued to increase, hitting 37,800 units (including executive condominiums)...<\/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-108674","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-sgO","jetpack-related-posts":[{"id":76090,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapores-unsold-units-at-seven-year-low-in-q3-2017\/","url_meta":{"origin":108674,"position":0},"title":"Singapore\u2019s unsold units at seven-year low in Q3 2017","date":"January 9, 2018","format":false,"excerpt":"\r With the improved buyer sentiment over the recent months, unsold home inventory in Singapore fell to a seven-year low at 16,031 units during the third quarter of 2017, reported Singapore Business Review citing Jefferies Singapore Limited. Total transactions volumes, on the other hand, rose 54 percent year-on-year in the\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":108674,"position":1},"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":109364,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-inventory-of-unsold-residential-property-rises-to-a-decade-high-of-10000-homes-as-trade-war-protests-deterred-buyers\/","url_meta":{"origin":108674,"position":2},"title":"Hong Kong\u2019s inventory of unsold residential property rises to a decade-high of 10,000 homes as trade war, protests deterred buyers","date":"July 26, 2019","format":false,"excerpt":"\r Hong Kong\u2019s inventory of unsold residential property rose to the highest in more than a decade, as uncertainties brought by the US-China trade war and the city\u2019s ongoing political unrest deterred buyers from big-ticket purchases.The figure stood at 10,000 unsold homes at the end of the second quarter, 1,000\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":108674,"position":3},"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":37418,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cdl-to-benefit-from-improving-market-sentiment\/","url_meta":{"origin":108674,"position":4},"title":"CDL to benefit from improving market sentiment","date":"December 8, 2016","format":false,"excerpt":"\r CDL has the largest available land bank and unsold inventory, with an estimated 2,909 units worth $5.8 billion. Improving sentiment in the housing market will likely benefit City Developments Limited (CDL), as it remains the developer with the most available inventory, with much of its land bank purchased at\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":112208,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developers-remain-upbeat-despite-2020-absd-deadline\/","url_meta":{"origin":108674,"position":5},"title":"Developers remain upbeat despite 2020 ABSD deadline","date":"November 8, 2019","format":false,"excerpt":"\r While the seven projects still have a total of 95 unsold units, most have already moved more than 90% of their inventory as at end-September. Developers of seven housing projects are confident of beating the 2020 additional buyer\u2019s stamp duty (ABSD) deadline, on the back of robust demand and\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\/108674"}],"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=108674"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/108674\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=108674"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=108674"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=108674"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}