{"id":111467,"date":"2019-10-09T10:28:08","date_gmt":"2019-10-09T03:28:08","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/non-landed-private-resale-home-transactions-drop-1-5-in-september\/"},"modified":"2019-10-09T11:04:34","modified_gmt":"2019-10-09T04:04:34","slug":"non-landed-private-resale-home-transactions-drop-1-5-in-september","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/non-landed-private-resale-home-transactions-drop-1-5-in-september\/","title":{"rendered":"Non-landed private resale home transactions drop 1.5% in September"},"content":{"rendered":"


\nOrangeTee & Tie said the decline in volumes was a recurring seasonal pattern observed over the previous years.\u00a0
\nTransaction volumes for non-landed private resale homes dropped for the second consecutive month by 1.5 percent to 743 units in September from 754 units in August, showed SRX Price Index.
\nChristine Sun, head of research and consultancy at OrangeTee & Tie, said the decline in volumes was a recurring seasonal pattern observed over the last years when sales transactions fell in September but increased in October.
\n\u201cBuyers will usually return to the market after the seventh lunar month which ends in August but it takes time for the sales to be converted. The sales transactions may only be reflected about two months later,\u201d she explained.
\nOn an annual basis, however, transaction volumes rose 8.5 percent from September 2018 and are 5.1 percent higher than the five-year average.
\n\u201cThis is despite a 0.2 percent month-on-month and 0.8 percent year-on-year price increase and against a backdrop of continued global economic uncertainty and a growing supply of new homes being released.\u201d
\nShe noted that transactions for non-landed private resale homes have been on the uptrend since the third quarter of 2018, after the government introduced cooling measures in July last year.
\nBased on advanced estimates using SRX data, the total private resale home volume may exceed 2,350 units for the third quarter of 2019 and surpass the total resale transactions registered in the second quarter.
\n\u201cHowever, Q3\u2019s resale volume is still lower than the number sold in Q1 2018 and Q2 2018 before the cooling measures were implemented,\u201d she said.
\nA total of 3,742 units were sold in Q1 2018 and 4,302 units in Q2 2018.
\n\u00a0
\nHome buyers looking for\u00a0Singapore Properties\u00a0may like to visit our\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\nVictor Kang, Digital Content Specialist at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0victorkang@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Non-landed private resale home transactions drop 1.5% in September<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

OrangeTee & Tie said the decline in volumes was a recurring seasonal pattern observed over...<\/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-111467","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-sZR","jetpack-related-posts":[{"id":109704,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cpf-rule-changes-likely-sparked-demand-for-older-hdb-flats\/","url_meta":{"origin":111467,"position":0},"title":"CPF rule changes likely sparked demand for older HDB flats","date":"August 7, 2019","format":false,"excerpt":"\r The government\u2019s policy updates on Central Provident Fund (CPF) usage and Housing and Development Board (HDB) housing loans may have given the HDB resale market a new lease of life. This comes as demand for older HDB flats surged in the second quarter of 2019, with the number of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118092,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-market-avoided-major-price-correction-during-pandemic-orangetee-amp-tie\/","url_meta":{"origin":111467,"position":1},"title":"HDB resale market avoided major price correction during pandemic: OrangeTee &amp; Tie","date":"August 5, 2020","format":false,"excerpt":"\r Despite the COVID-19 pandemic and circuit breaker measures, HDB resale prices remained stable. However, HDB resale transactions fell by over 41.9% to 3,426 units during Q2 2020.\u00a0 Despite the COVID-19 pandemic and the uncertain global economic outlook, Singapore\u2019s HDB resale market avoided a major price correction, with prices remaining\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":111319,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-prices-down-0-2-in-september\/","url_meta":{"origin":111467,"position":2},"title":"HDB resale prices down 0.2% in September","date":"October 4, 2019","format":false,"excerpt":"\r However, resale flat prices within non-mature estates climbed 0.9 percent year-on-year as most have reached their minimum occupation period.\u00a0 Prices of Housing and Development Board (HDB) flats marginally declined by 0.2 percent in September from the previous month as mature estates and non-mature estates prices declined 0.3 percent and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":104911,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/resale-condo-transactions-down-7-8-in-2018\/","url_meta":{"origin":111467,"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":124453,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-prices-rose-12-7-sales-for-new-private-homes-resale-private-properties-up-in-2021-and-more\/","url_meta":{"origin":111467,"position":4},"title":"HDB resale prices rose 12.7%, sales for new private homes, resale private properties up in 2021, and more","date":"February 4, 2022","format":false,"excerpt":"\r 25th January to 31st January 2022 Despite the fast-growing prices, sales of new private homes and resale properties increased in 2021. The HDB resale market also saw transaction volumes increase 25.3% last year, while prices rose 12.7%, marking its highest annual growth since 2010. 1) Sales for new private\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2022\/02\/Singapore-skyline-cbd.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":117944,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-prices-up-in-q2-while-transaction-volume-drop\/","url_meta":{"origin":111467,"position":5},"title":"HDB resale prices up in Q2, while transaction volume drop","date":"July 24, 2020","format":false,"excerpt":"\r Resale transactions fell by more than 41.9% to 3,426 units in Q2 2020 from the previous quarter\u2019s 5,893 units.\u00a0 Resale prices of Housing and Development Board (HDB) flats increased 0.3% quarter-on-quarter in the second quarter of 2020, after holding flat in the previous quarter. OrangeTee noted resale prices \u201chave\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\/111467"}],"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=111467"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/111467\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=111467"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=111467"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=111467"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}