{"id":110136,"date":"2019-08-23T11:08:41","date_gmt":"2019-08-23T04:08:41","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-residential-project-launches-rose-23-1-in-q2\/"},"modified":"2019-08-23T12:05:04","modified_gmt":"2019-08-23T05:05:04","slug":"private-residential-project-launches-rose-23-1-in-q2","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-residential-project-launches-rose-23-1-in-q2\/","title":{"rendered":"Private residential project launches rose 23.1% in Q2"},"content":{"rendered":"


\nDevelopers launched 16 new private residential projects in the second quarter of 2019, up 23.1 percent from the 13 projects registered in the first quarter or one of the highest quarterly figures since the fourth quarter of 2013.
\nAccording to a report by Singapore Business Review citing Savills Singapore, of the 16 projects, eight are located within the Rest of Central Region (RCR), with four each in the Outside Central Region (OCR) and Core Central Region (CCR).
\nBut with the lack of large-scale project, developers only released 1,417 units for sale from the 16 new projects, which is 2.9 percent lower compared to the 1,459 units released in the previous quarter.
\n\u201cIn addition, given economic uncertainty and ample competitors in the market, a majority of developers have carefully paced their launches so as to test not only market acceptance to the benchmark prices set by their respective projects but also potential buyers\u2019 purchasing power,\u201d said Savills Singapore executive director for research Alan Cheong.
\nIncluding the 1,085 units from previously launched projects, developers released a total of 2,502 uncompleted private housing units in Q2 2019. While the figure is 16.3 percent lower from the previous quarter, it is still 2.7 percent higher from Q2 2018.
\nThe top five projects during the period under review were Parc Komo, The Woodleigh Residences, Sky Everton, Amber Park and Stirling Residences.
\nIn contrast to the drop in the launch of uncompleted private homes island-wide, new home sales in Q2 2019 rose 27.9 percent quarter-on-quarter to 2,350 units.
\nResults for the secondary market has also been encouraging, with 2,416 private homes sold in Q2 2019, up 26.8 percent from the 1,905 transacted in the previous quarter.
\nMeanwhile, buying activity within the luxury market segment revived in the past few months, with 137 non-landed private homes sold for at least $3,000 per sq ft (psf) in Q2 2019.
\nCheong noted that this marked the highest sales number since the fourth quarter of 2007.
\n\u201cWith cooling measures still in place, the active sales in this segment, in particular those super luxury units worth at least $10 million each, surprised the market to some extent,\u201d he said.
\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 residential project launches rose 23.1% in Q2<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Developers launched 16 new private residential projects in the second quarter of 2019, up 23.1...<\/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-110136","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-sEo","jetpack-related-posts":[{"id":106139,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-home-sales-surge-131-6-in-march\/","url_meta":{"origin":110136,"position":0},"title":"New Home Sales Surge 131.6% In March","date":"April 16, 2019","format":false,"excerpt":"\r New home sales have been on the rebound in March, soaring 131.6 percent month-on-month to 1,054 units,\u00a0according to the Urban Redevelopment Authority\u2019s (URA) developers\u2019 sales survey.\u00a0 Including executive condominiums (ECs), developers sold 1,062 units, up 132.4 percent from the previous month. On a yearly basis, new home sales, excluding\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":122757,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-prices-up-1-1-in-q3\/","url_meta":{"origin":110136,"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":108616,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-prices-unexpectedly-climbed-1-3-in-q2\/","url_meta":{"origin":110136,"position":2},"title":"Private home prices unexpectedly climbed 1.3% in Q2","date":"July 2, 2019","format":false,"excerpt":"\r After two consecutive quarters of contraction, private home prices in Singapore unexpectedly increased in the second quarter of 2019.\u00a0The private residential property price index rose 1.3 percent in Q2,\u00a0flash estimates from the Urban Redevelopment Authority (URA) showed. This is compared to the 0.7 percent drop that was registered in\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":110136,"position":3},"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":110617,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-condo-sales-jumped-30-6-in-q2\/","url_meta":{"origin":110136,"position":4},"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":105119,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-sales-up-4-4-as-developers-offer-higher-agent-commissions\/","url_meta":{"origin":110136,"position":5},"title":"Private home sales up 4.4% as developers offer higher agent commissions","date":"March 18, 2019","format":false,"excerpt":"\r The prospect of the Cross Island Line may have also boosted sales at projects situated near upcoming stations. 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