{"id":109248,"date":"2019-07-23T11:04:47","date_gmt":"2019-07-23T04:04:47","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-condo-sales-expected-to-grow-by-33\/"},"modified":"2019-07-23T12:05:21","modified_gmt":"2019-07-23T05:05:21","slug":"new-condo-sales-expected-to-grow-by-33","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-condo-sales-expected-to-grow-by-33\/","title":{"rendered":"New condo sales expected to grow by 33%"},"content":{"rendered":"


\nEdmund Tie and Company expects new condo sales volume to increase by 33 percent year-on-year to 2,300 units in the second quarter of 2019, compared to the previous quarter\u2019s 1,739 units.
\nAccording to Singapore Business Review, the hike is expected to be led by new projects in the Rest of Central Region (RCR), where new sales are expected to soar 80 percent to over 1,100 units.
\nThe forecast was in tandem with the launch of five new projects within the market segment, which made up over 60 percent of total new unit launches in Q2.
\nIn Q1 2019, volume of new condo sales increased by 2.3 percent, as sales in the Core Central Region (CCR) registered an 82 percent increase in volume. Within the same quarter, sales volume in the Outside Central Region (OCR) saw a 52.4 percent hike, while sales volume in the RCR registered a 37.3 percent dip from the previous quarter.
\nLooking to buy a new condo but not sure where to start? Get insight on the best locations for your new home with our\u00a0AreaInsider\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…New condo sales expected to grow by 33%<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Edmund Tie and Company expects new condo sales volume to increase by 33 percent year-on-year...<\/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-109248","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-sq4","jetpack-related-posts":[{"id":110617,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-condo-sales-jumped-30-6-in-q2\/","url_meta":{"origin":109248,"position":0},"title":"New condo sales jumped 30.6% in Q2","date":"September 10, 2019","format":false,"excerpt":"\r While the number of new project launches more than doubled in Q2 to 16 from six in the previous quarter, the number of units from projects were significantly lower at around 2,700 units compared to the over 4,900 units from Q1. Singapore saw new condo sales volume rose 30.6\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":116043,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sales-of-luxury-condo-rose-72-in-q1-despite-market-uncertainties\/","url_meta":{"origin":109248,"position":1},"title":"Sales of luxury condo rose 72% in Q1 despite market uncertainties","date":"May 4, 2020","format":false,"excerpt":"\r OrangeTee & Tie attributed the stellar sales to the new sale segment where 554 new luxury condominiums were sold in Q1 2020. Singapore\u2019s luxury home segment defied the odds of the current market uncertainties, with sales of non-landed luxury homes surging 72% year-on-year to 965 units in the first\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":122568,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/demand-for-private-homes-remain-strong-in-q3\/","url_meta":{"origin":109248,"position":2},"title":"Demand for private homes remain strong in Q3","date":"October 13, 2021","format":false,"excerpt":"\r Despite fewer projects launched in Q3 2021,\u00a0there were 3,358 new sale transactions, up from 2,838 in Q2 2021. Singapore saw no significant drop in demand for private homes during the third quarter of 2021, even as the city-state reverted to Phase 2 (Heightened Alert) from 22 July to 18\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/10\/Singapore-Condo.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":104911,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/resale-condo-transactions-down-7-8-in-2018\/","url_meta":{"origin":109248,"position":3},"title":"Resale condo transactions down 7.8% in 2018","date":"March 12, 2019","format":false,"excerpt":"\r Units priced below $1.5 million made up 61.8 percent of total resale transactions, up from the 61.1 percent in 2017. Resale condo transactions fell 7.8 percent year-on-year to 11,215 units in 2018, reported Singapore Business Review citing an Edmund Tie & Co report. This comes as resale volumes in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":112378,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-condominium-sales-rose-49-2-qoq-in-q3-2019\/","url_meta":{"origin":109248,"position":4},"title":"New condominium sales rose 49.2% QoQ in Q3 2019","date":"November 15, 2019","format":false,"excerpt":"\r Despite a dip in new project launches, more units put up for sale compared to Q3 2018.\u00a0 New condominium sales grew 49.2% quarter-on-quarter (QoQ) or 16.9% year-on-year (YoY) to 3,198 units, compared to 2,736 units in Q3 2018, reported Singapore Business Review citing a Edmund Tie report. This figure\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123182,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/homebuying-demand-to-remain-buoyant\/","url_meta":{"origin":109248,"position":5},"title":"Homebuying demand to remain buoyant","date":"November 12, 2021","format":false,"excerpt":"\r In Q3 2021, overall transaction volume for private homes increased by 7.5% from the previous quarter\u00a0to 9,083 units; this is a\u00a028.9% year-on-year growth. Homebuying demand in Singapore is expected to remain buoyant, particularly in suburban areas where pricing quanta are lower and relatively more affordable, said Lam Chern Woon,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/11\/singapore-skyline.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/109248"}],"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=109248"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/109248\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=109248"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=109248"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=109248"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}