{"id":109041,"date":"2019-07-16T11:07:15","date_gmt":"2019-07-16T04:07:15","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/june-sales-for-new-condos-25-5-higher-than-a-year-ago\/"},"modified":"2019-07-16T12:03:58","modified_gmt":"2019-07-16T05:03:58","slug":"june-sales-for-new-condos-25-5-higher-than-a-year-ago","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/june-sales-for-new-condos-25-5-higher-than-a-year-ago\/","title":{"rendered":"June sales for new condos 25.5% higher than a year ago"},"content":{"rendered":"


\nDevelopers moved 821 units despite fewer units launched in June. Singapore\u2019s private residential market achieved some semblance of stability a year after the government rolled-out additional cooling measures in July 2018.
\nLast month, developers managed to sell 821 new units, excluding executive condominiums (ECs), even as only 670 new units were launched from four projects and June being a typically slow month for property sales.
\nAnalysts noted that while June\u2019s sales was 13.8 percent lower from the 952 units sold in May, it was 25.5 percent higher compared to the 654 units transacted in June 2018.
\nIn fact, last month registered the highest number of sales for the month of June (excluding ECs) over the past six years, said Christine Sun, head of research and consultancy at OrangeTee & Tie.
\nSky Everton emerged as the top selling project for the month, with 134 units sold. It was followed by Treasure at Tampines and Parc Botannia, with 70 units and 60 units sold, respectively. Completing the top five projects were Parc Esta (54 units) and The Florence Residences (48 units).
\n\u201cWe believe Sky Everton did particularly well as it is a rare freehold launch near the city centre and near an upcoming train station. The price point also presents value, compared to some 99-year leasehold property launches,\u201d said Tricia Song, head of research for Singapore at Colliers International.
\nSun noted that the market witnessed a surge in the number of new freehold condos being sold.
\nKeen to buy a home but not sure where you should be looking at? Check out our\u00a0AreaInsider guides\u00a0first for pricing guides and insights!
\nURA Realis data showed that 250 non-landed new freehold units were transacted in June, while 316 units were sold in May. She revealed that the last highest number of new freehold condo sales recorded was in September 2013, when 439 units were sold.
\n\u201cThe uptrend is expected to continue as more freehold units will be launched in the coming months,\u201d said Sun. \u201cIt is rare to have a good selection of premium, freehold projects being launched at choice locations. This could be a good opportunity for buyers to snag a freehold property; otherwise, they may have to wait for the next collective sales cycle that is likely to take place many years down the road.\u201d
\nLooking ahead, Song expects developers to adopt a prudent pricing strategy given that most buyers remain value-conscious and price-sensitive, while Sun expects developers to fast-track their launches ahead of the lunar seventh month.
\nAnd should the buying momentum continue, CBRE expects \u201ctotal new sales for this year to come to around 8,000 units, which has been the underlying demand level established over the past six years since TDSR was introduced\u201d.
\nHome buyers looking for\u00a0Singapore Properties\u00a0may like to visit our\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\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…June sales for new condos 25.5% higher than a year ago<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Developers moved 821 units despite fewer units launched in June. Singapore\u2019s private residential market achieved...<\/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-109041","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-smJ","jetpack-related-posts":[{"id":109930,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-sales-jumped-43-5-in-july\/","url_meta":{"origin":109041,"position":0},"title":"Private home sales jumped 43.5% in July","date":"August 16, 2019","format":false,"excerpt":"\r Developers moved 1,178 new private homes, excluding executive condominiums (ECs), in July, up 43.5 percent from the 821 units sold in June. On an annual basis, the figure was 31.7 percent lower compared to the 1,724 units transacted in July 2018, when panic buyers rushed to snap units before\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":113120,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/higher-private-home-sales-recorded-in-november-despite-property-overhang\/","url_meta":{"origin":109041,"position":1},"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":110797,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-sales-remain-strong-in-august\/","url_meta":{"origin":109041,"position":2},"title":"Private home sales remain strong in August","date":"September 16, 2019","format":false,"excerpt":"\r Urban Redevelopment Authority\u2019s (URA) Realis data showed that developers sold 1,122 new homes in August, excluding executive condominiums (ECs). Including ECs, developers moved 1,167 units. Private home sales volume appeared to remain robust in August, despite it being a typically slow sales month. \u201cDemand in August seemed to have\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":117830,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-private-home-sales-soar-104-9-in-june-2020\/","url_meta":{"origin":109041,"position":3},"title":"New private home sales soar 104.9% in June 2020","date":"July 16, 2020","format":false,"excerpt":"\r New private home sales surged after the lifting of the circuit breaker measures. Photo: Treasure at Tampines was the best-selling project in June.\u00a0 Sales of new private homes in Singapore more than doubled in June from May, hitting the highest monthly sales since November 2019 and the highest June\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":117166,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-private-homes-sales-spiked-75-5-in-may\/","url_meta":{"origin":109041,"position":4},"title":"New private homes sales spiked 75.5% in May","date":"June 16, 2020","format":false,"excerpt":"\r Including ECs, 509 units were sold in May, up 73.7% month-on-month but down 46.5% year-on-year. Photo: Treasure at Tampines. Despite the closure of showflats due to the government\u2019s circuit breaker measures, sales for new private homes rose 75.5% to 486 units \u2013 excluding executive condominiums (ECs) \u2013 in May\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":109041,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/109041"}],"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=109041"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/109041\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=109041"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=109041"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=109041"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}