{"id":111632,"date":"2019-10-16T11:34:50","date_gmt":"2019-10-16T04:34:50","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-home-sales-hit-a-14-month-high-in-september\/"},"modified":"2019-10-16T12:36:12","modified_gmt":"2019-10-16T05:36:12","slug":"new-home-sales-hit-a-14-month-high-in-september","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-home-sales-hit-a-14-month-high-in-september\/","title":{"rendered":"New home sales hit a 14-month high in September"},"content":{"rendered":"


\nDevelopers sold 1,270 private homes in September, driven by several new launches, including Avenue South Residence, which sold 361 units.\u00a0 \u00a0\u00a0
\nWith developers revving up launches following the Hungry Ghost month, new private home sales in Singapore soared to its highest level in September since July 2018.
\nUrban Redevelopment Authority (URA) data showed that developers sold 1,270 private homes in September, or up 13.1 percent from the 1,123 units moved in the previous month.
\nThe figure, which excludes executive condominiums, is also 1.4 times the 932 units sold in September last year. In fact, it is the biggest number of new homes moved in the month of September over the last seven years. The previous record was set in September 2012, when 2,621 new homes were sold.
\nRiding on the hype on the future Greater Southern Waterfront development announced during the National Day Rally, Avenue South Residence emerged as the top seller for the month, with 361 units sold at a median price of $1,941 per sq ft (psf).
\nRevealed:\u00a0The 5 Most In-Demand New Launch Condos In Q3 2019
\nHowever, the other new launches for September \u2013 Meyer Mansion, The Antares, Uptown@Farrer and Cuscaden Reserve \u2013 did not fare so well as they moved five to 31 units during their first month, said Tricia Song, head of research for Singapore at Colliers International.
\nOrangeTee & Tie\u2019s head of research and consultancy Christine Sun noted that September\u2019s sales were mainly driven by Singaporeans and Singapore permanent residents (PRs).
\nCiting URA Realis data, Sun revealed that the number of Singaporean purchases jumped 29.3 percent to 1,078 units in September from the previous month\u2019s 834 units. Acquisitions by PRs also rose 33 percent month-on-month to 120 units.
\n\u201cThe strong local support indicates that many Singaporeans remain confident about the long-term prospects of private properties here,\u201d she said.
\n\u201cMany investors have also reassessed their risk appetite given the weakening world economic outlook and increased volatility of the equities markets, possibly turning to safer investment assets like real estate properties in Singapore.\u201d
\nWith new home sales now at 7,760 units, Sun expects developers to \u201cmove between 9,000 and 10,000 new homes by the end of this year\u201d.
\n\u00a0
\nHome buyers looking for\u00a0Singapore Properties\u00a0may like to visit our\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.\u00a0 Also\u00a0read more about\u00a0the hottest areas to live in with PropertyGuru\u2019s AreaInsider
\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…New home sales hit a 14-month high in September<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Developers sold 1,270 private homes in September, driven by several new launches, including Avenue South...<\/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-111632","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-t2w","jetpack-related-posts":[{"id":71879,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developer-sales-up-15-in-october-despite-no-major-launches\/","url_meta":{"origin":111632,"position":0},"title":"Developer sales up 15% in October despite no major launches","date":"November 15, 2017","format":false,"excerpt":"\r Sophia Hills in Mount Sophia was the top-selling private residential project last month. Sales of new private homes excluding executive condominiums (ECs) rose 15.4 percent to 758 units in October from 657 in the previous month, according to data from the Urban Redevelopment Authority on Wednesday (15 November). However,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":112446,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-sales-drop-27-in-october\/","url_meta":{"origin":111632,"position":1},"title":"Private home sales drop 27% in October","date":"November 18, 2019","format":false,"excerpt":"\r However, the sales figures still show an\u00a084.9% increase compared to a year ago. New private home sales in Singapore fell 27% in October from September, reported Channel News Asia, according to data released by the\u00a0Urban Redevelopment Authority (URA). According to URA data,\u00a0developers only sold 928 units in October (955\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":110797,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-sales-remain-strong-in-august\/","url_meta":{"origin":111632,"position":2},"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":58034,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-private-home-sales-down-34-in-may\/","url_meta":{"origin":111632,"position":3},"title":"New private home sales down 34% in May","date":"June 16, 2017","format":false,"excerpt":"\r Artist\u2019s impression of Parc Riviera at West Coast Vale. Property developers in Singapore sold 1,024 private homes in May, down 34 percent from 1,558 units in April, according to latest numbers from the Urban Redevelopment Authority. Unlike the previous month which saw two major projects hit the market \u2013\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":107166,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-private-home-sales-down-30-m-o-m-in-april\/","url_meta":{"origin":111632,"position":4},"title":"New private home sales down 30% m-o-m in April","date":"May 16, 2019","format":false,"excerpt":"\r Sales of new condominium units in Singapore fell on the back of fewer project launches last month. Data released by the Urban Redevelopment Authority on Wednesday (May 15) shows that 444 private homes were launched for sale in April, down 75 percent from 1,812 units in the previous month,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118645,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-home-sales-hit-11-month-high-in-august-despite-hungry-ghost-festival\/","url_meta":{"origin":111632,"position":5},"title":"New home sales hit 11-month high in August despite Hungry Ghost Festival","date":"September 16, 2020","format":false,"excerpt":"\r New home sales in\u00a0August 2020 saw the fourth consecutive month-on-month increase. Photo: Woodleigh Residences Despite expectations of slower sales during the Hungry Ghost Festival, new home sales in\u00a0August increased for the fourth consecutive month since the circuit breaker measures were implemented in April. Urban Redevelopment Authority (URA) data showed\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2020\/09\/ura-private-home-sales-data-august-2020-orangetee.png?fit=680%2C280&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/111632"}],"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=111632"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/111632\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=111632"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=111632"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=111632"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}