{"id":109930,"date":"2019-08-16T11:39:42","date_gmt":"2019-08-16T04:39:42","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-sales-jumped-43-5-in-july\/"},"modified":"2019-08-16T12:02:52","modified_gmt":"2019-08-16T05:02:52","slug":"private-home-sales-jumped-43-5-in-july","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-sales-jumped-43-5-in-july\/","title":{"rendered":"Private home sales jumped 43.5% in July"},"content":{"rendered":"


\nDevelopers moved 1,178 new private homes, excluding executive condominiums (ECs), in July, up 43.5 percent from the 821 units sold in June.
\nOn 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 the new cooling measures took effect.
\nIncluding ECs, developers sold 1,556 units in July, reflecting a whopping 89.3 percent month-on-month hike in new home sales.
\nOrangeTee attributed the stellar sales mainly to \u201cmore buyers returning to the market after the June holidays and more developers fast-tracking their project launches ahead of the lunar seventh month\u201d.
\nNotably, 1,731 new units, including ECs, were released by developers last month. New launches include this year\u2019s only EC project \u2013 Piermont Grand \u2013 and projects such as One Pearl Bank, Haus on Handy, View at Kismis, Jervois Treasures and Dunearn 386.
\nPiermont Grand EC sold 378 units or 46 percent of its total 820 units.
\n\u201cThe healthy response can be attributable to the pent-up demand in the EC market, strong location attributes and the reputation of the developer. In addition, deferred payments were offered as an added incentive to attract buyers,\u201d said Desmond Sim, head of research for Southeast Asia at CBRE.
\nTricia Song, head of research for Singapore at Colliers International, however, said that sales for the project was a tad slower than expected.
\n\u201cThis could be due to its record price point \u2014 its median price of $1,107 per sq ft was an all-time high for newly launched ECs in Singapore,\u201d she said.
\nOver at the non-EC market front, One Pearl Bank emerged as the best-selling project, with 197 units sold, followed by two previously launched projects Treasure at Tampines (119 units) and The Florence Residences (112 units).
\nMeanwhile, foreign buyers have also been streaming back to the market in July, said OrangeTee.
\n\u201cAccording to URA Realis data downloaded today, 82 units or 7.1 percent of all non-landed new home sales were snapped up by foreigners (non-permanent residents (NPR) last month, higher than the one-year average of 39 units,\u201d it said.
\nForeign buyers also purchased pricier homes this year.
\nIn fact, 84 or 27 percent of the 311 non-landed new private homes acquired by foreigners in the first seven months of 2019 were priced above $3 million \u2013 the highest percentage since 2007.
\n\u201cThe growing global economic uncertainties may see more investors parking their funds here as Singapore\u2019s property market is known to be a safe and stable haven for capital preservation and appreciation,\u201d added OrangeTee.
\nLooking to buy a Singapore 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…Private home sales jumped 43.5% in July<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Developers moved 1,178 new private homes, excluding executive condominiums (ECs), in July, up 43.5 percent...<\/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-109930","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-sB4","jetpack-related-posts":[{"id":110797,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-sales-remain-strong-in-august\/","url_meta":{"origin":109930,"position":0},"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":30331,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ecs-the-driving-force-in-new-home-sales\/","url_meta":{"origin":109930,"position":1},"title":"ECs the driving force in new home sales","date":"October 17, 2016","format":false,"excerpt":"\r Treasure Crest EC was the chart-topping project in September, revealed URA data. (Photo: Sim Lian Group) Singapore developers sold 769 private housing units in September including executive condominiums (ECs), down 3.7 percent from the 799 units in the previous month, revealed data published on Monday (17 October) by the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":96183,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/august-property-sales-to-fall-as-buyers-postpone-purchases\/","url_meta":{"origin":109930,"position":2},"title":"August property sales to fall as buyers postpone purchases","date":"August 17, 2018","format":false,"excerpt":"\r With buyers holding back purchases during the hungry ghost month, analysts expect property sales for August to be sluggish, reported Singapore Business Review. Colliers International even expects the significant drop in sales to continue to September as the buyers\u2019 knee-jerk reaction to the new housing curbs add up to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":98052,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-private-home-sales-plunged-in-august\/","url_meta":{"origin":109930,"position":3},"title":"New private home sales plunged in August","date":"September 18, 2018","format":false,"excerpt":"\r Artist\u2019s impression of JadeScape, a new private housing development near Marymount MRT station. Following the introduction of new property cooling measures on 6 July, new private home sales in Singapore declined sharply in August on both a monthly and yearly basis, reported Channel NewsAsia. According to statistics published by\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":38550,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-home-sales-down-31-in-november\/","url_meta":{"origin":109930,"position":4},"title":"Singapore home sales down 31% in November","date":"December 19, 2016","format":false,"excerpt":"\r Number of unit launches also fell Artist\u2019s impression of Parc Riviera in West Coast Vale Property developers in Singapore sold 860 units in November 2016, down 31.4 percent from the 1,253 units in the previous month, reported Channel NewsAsia, citing data from the Urban Redevelopment Authority (URA). Including executive\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":109930,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/109930"}],"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=109930"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/109930\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=109930"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=109930"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=109930"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}