{"id":109328,"date":"2019-07-25T11:19:20","date_gmt":"2019-07-25T04:19:20","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/resale-transactions-of-private-homes-drop-50-in-q2\/"},"modified":"2019-07-25T12:02:47","modified_gmt":"2019-07-25T05:02:47","slug":"resale-transactions-of-private-homes-drop-50-in-q2","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/resale-transactions-of-private-homes-drop-50-in-q2\/","title":{"rendered":"Resale transactions of private homes drop 50% in Q2"},"content":{"rendered":"


\nThe private property resale market continued to be in the doldrums even as new private home sales increased in the second quarter of 2019, revealed a Huttons report.
\nAbout 2,400 resale transactions were registered in Q2 2019, down 50 percent over the same period last year.
\nAccording to Today Online, the real estate firm attributed the poor sales performance partly to the significant gap in expectations between buyers and sellers.
\n\u201cThe plethora of new launches in (the second quarter) also drew away demand from the resale market. Nevertheless, prices in the resale market held steady,\u201d said Huttons.
\nWith 17 new launches in Q2 2019, developer sales climbed six percent year-on-year to around 2,500 units.
\n\u201cThe pickup in demand shows the underlying strength of the market and a return of confidence in property as a good store of value against uncertainty and inflation in the mid to long term.\u201d
\nHuttons noted that the number of new units has been on the uptrend since February.
\nThe average monthly sales in Q2 2019 stood at around 836 units, up from Q1 2019\u2019s 613 units.
\nTreasure at Tampines was the best-selling new project, followed by Amber Park. Completing the top five best-selling new projects are Parc Botannia, The Florence Residences and The Tre Ver.
\nLooking ahead, Huttons expects private property sales for this year will to outpace that of last year, given that transaction volume for 1H 2019 is already higher compared to the same period last year.
\nLooking to buy a home 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…Resale transactions of private homes drop 50% in Q2<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The private property resale market continued to be in the doldrums even as new private...<\/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-109328","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-srm","jetpack-related-posts":[{"id":121031,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-hdb-resale-prices-increase-for-fifth-consecutive-quarter\/","url_meta":{"origin":109328,"position":0},"title":"Private home, HDB resale prices increase for fifth consecutive quarter","date":"July 23, 2021","format":false,"excerpt":"\r Private home and resale flat prices have continued to climb for the fifth straight quarter, as demand for properties continued to be strong in Q2 2021 despite the Phase 2 (Heightened Alert) measures.\u00a0 Singapore\u2019s housing market has continued to remain resilient amid the COVID-19 pandemic, with private home prices\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/07\/Singapore-condo.original.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":122757,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-prices-up-1-1-in-q3\/","url_meta":{"origin":109328,"position":1},"title":"Private home prices up 1.1% in Q3","date":"October 22, 2021","format":false,"excerpt":"\r Quarter-on-quarter, private home prices\u00a0went up by\u00a01.1% and resale transactions increased to 5,362 units from 5,333 units. Private home prices in Singapore increased 1.1% in the third quarter of 2021, higher than the 0.8% hike registered in the previous quarter, showed Urban Redevelopment Authority (URA) data on Friday (22 October).\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/10\/Buildings-singapore.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":117914,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/up-to-20-new-residential-projects-to-be-launched-in-2h-huttons\/","url_meta":{"origin":109328,"position":2},"title":"Up to 20 new residential projects to be launched in 2H, Huttons","date":"July 22, 2020","format":false,"excerpt":"\r Despite slow sales during the circuit breaker period, there\u2019s been resilence in the market and Huttons Asia expects sales to hover between 8,000 and 8,500 units in 2020, with more project launches on the cards.\u00a0\u00a0 During the circuit breaker, developer sales plunged to one of its lowest levels in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":120572,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-prices-hdb-resale-prices-continue-to-increase-in-q2-2021\/","url_meta":{"origin":109328,"position":3},"title":"Private home prices, HDB resale prices continue to increase in Q2 2021","date":"July 1, 2021","format":false,"excerpt":"\r Private home prices, HDB resale prices continue to increase in Q2 2021Private home prices and HDB resale prices continue to increase in the second quarter of 2021, showed the URA and HDB flash estimates.\u00a0 Singapore saw private home prices and HDB resale prices continue to increase in the second\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/07\/HDB-MRT-station.jpg?fit=819%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":122742,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-prices-transactions-up-in-q3\/","url_meta":{"origin":109328,"position":4},"title":"HDB resale prices, transactions up in Q3","date":"October 22, 2021","format":false,"excerpt":"\r Quarter-on-quarter, Q3 2021 HDB resale prices\u00a0increased\u00a02.9% while\u00a0transaction volumes increased 19.4%. Resale prices for Housing and Development Board (HDB) flats rose 2.9% in the third quarter of 2021, moderating from the 3% increase registered in the previous quarter, showed HDB data on Friday (22 October). Nonetheless, it is still slightly\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/10\/Pine-Close-HDB-flat-crop.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":111882,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-prices-hdb-resale-prices-up-in-q3-2019\/","url_meta":{"origin":109328,"position":5},"title":"Private home prices, HDB resale prices up in Q3 2019","date":"October 25, 2019","format":false,"excerpt":"\r Meanwhile, buyer demand for\u00a0HDB resale flats has remained surprisingly resilient, with 6,264 resale flats changing hands, which is almost on par with the 6,276 units transacted in Q2 2019. 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