{"id":112380,"date":"2019-11-15T11:23:59","date_gmt":"2019-11-15T04:23:59","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/around-50-of-new-condo-units-sold-valued-at-1m-to-1-5m\/"},"modified":"2019-11-15T12:03:45","modified_gmt":"2019-11-15T05:03:45","slug":"around-50-of-new-condo-units-sold-valued-at-1m-to-1-5m","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/around-50-of-new-condo-units-sold-valued-at-1m-to-1-5m\/","title":{"rendered":"Around 50% of new condo units sold valued at $1m to $1.5m"},"content":{"rendered":"


\nUnits occupying areas of less than 1,000 sq ft took the largest share of new condominium sales at 81.7%, which the report noted was probably due to their more affordable price quantum.
\nAround half of new condominium units sold or 47% of total units sold in the third quarter of 2019 were valued at $1 million to $1.5 million each, due to the increase of proportion of smaller units getting sold, reported Singapore Business Review citing an Edmund Tie & Co. report.
\nUnits occupying areas of less than 1,000 sq ft took the largest share of new condominium sales at 81.7%, which the report noted was probably due to their more affordable price quantum.
\nWith investors and buyers remaining price-conscious, the proportion of units sold within the higher price ranges decreased on a quarterly basis.
\nHowever, across three market segments, there have been reported growth in the proportion of units valued above $2 million in the Rest of Central Region (RCR), mainly because of the Avenue South Residence\u2019s launch and the sale of 32 units at Sky Everton.
\nLooking for a property in Singapore? Visit\u00a0PropertyGuru\u2019s\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\n\u00a0
\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…Around 50% of new condo units sold valued at m to .5m<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Units occupying areas of less than 1,000 sq ft took the largest share of new...<\/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-112380","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-teA","jetpack-related-posts":[{"id":112625,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/smaller-condos-the-bulk-of-new-sales-in-q3\/","url_meta":{"origin":112380,"position":0},"title":"Smaller condos the bulk of new sales in Q3","date":"November 25, 2019","format":false,"excerpt":"\r New sales of condominiums below 500 sq ft rose to 15.1% this quarter, compared to 13.6% in Q2 2019. Condos between 700 sq ft and 1,000 sq ft also increased from 30.3% to 33.5% in the same period Given their more affordable price quantum, smaller condos \u2013 or those\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":110134,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/higher-prices-or-not-these-new-condo-units-are-moving-fast\/","url_meta":{"origin":112380,"position":1},"title":"Higher Prices Or Not, These New Condo Units Are Moving Fast","date":"August 23, 2019","format":false,"excerpt":"\r Some private residential projects in Singapore continued to post decent sales rate even as they come with higher unit price and quantum, said Knight Frank. Amber Park sold the highest number of units in the second quarter of 2019, with 157 units sold at an average price of $2,480\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":117448,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/propnex-positive-of-private-home-markets-long-term-outlook\/","url_meta":{"origin":112380,"position":2},"title":"PropNex positive of private home market\u2019s long-term outlook","date":"June 30, 2020","format":false,"excerpt":"\r The real estate firm noted that the month-on-month rebound in new home sales in May and the return of homebuyers to acquire units during Phase 2 of the circuit breaker is \u201ca potential sign of underlying demand, particularly for strategically-priced units\u201d. Real estate firm PropNex expects homebuyers \u2013 especially\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":108222,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/tee-land-sells-15-of-48-units-at-lattice-one-preview-weekend\/","url_meta":{"origin":112380,"position":3},"title":"Tee Land sells 15 of 48 units at Lattice One preview weekend","date":"June 18, 2019","format":false,"excerpt":"\r The units were sold at an average price of $1,800 psf, and buyers of these units were all Singaporeans. Tee Land has sold 15 of the 48 units at its Lattice One condominium project at Seraya Crescent, at an average price of $1,800 per sq ft (psf) during its\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":91370,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uol-to-launch-new-condo-after-good-sales-at-amber45\/","url_meta":{"origin":112380,"position":4},"title":"UOL to launch new condo after good sales at Amber45","date":"June 14, 2018","format":false,"excerpt":"\r Artist\u2019s impression of The Tre Ver, an upcoming condominium project in Potong Pasir. (Photo: UOL Group) UOL Group\u2019s freehold Amber45 condominium in District 15 continues to draw buyers, with about 65 percent of the 139 units already sold, up from 55 to 60 percent during the launch in mid-May,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":111977,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/midwood-condominium-sees-24-units-sold-during-launch-weekend\/","url_meta":{"origin":112380,"position":5},"title":"Midwood condominium sees 24 units sold during launch weekend","date":"October 29, 2019","format":false,"excerpt":"\r Developer Hong Leong Holdings has sold 24 units out of the 50 it released over the launch weekend of its Midwood condominium, reported The Business Times. The 99-year leasehold project\u2019s apartment sizes range from 484 sq ft for single-bedroom units to 1,259 sq ft for four-bedroom units. Selling prices\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2019\/10\/Arrival-court-midwood.jpg?fit=810%2C450&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/112380"}],"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=112380"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/112380\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=112380"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=112380"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=112380"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}