{"id":112446,"date":"2019-11-18T10:23:12","date_gmt":"2019-11-18T03:23:12","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-sales-drop-27-in-october\/"},"modified":"2019-11-18T11:03:19","modified_gmt":"2019-11-18T04:03:19","slug":"private-home-sales-drop-27-in-october","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-sales-drop-27-in-october\/","title":{"rendered":"Private home sales drop 27% in October"},"content":{"rendered":"


\nHowever, the sales figures still show an\u00a084.9% increase compared to a year ago.
\nNew 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).
\nAccording to URA data,\u00a0developers only sold 928 units in October (955 units including executive condominiums), compared to 1,270 units from the previous month.
\nHowever, on a year-to-year comparison, the figures show an 84.9% increase.
\nThe new homes sold in October in the Core Central Region (CCR) tripled to 182 units from September, the biggest recorded since March 2016, with Singaporeans buying 133 of those units.
\nAnalysts said the good performance was mainly due to new project launches in the area, including\u00a0Midtown Bay Residences, Neu at Novena and Royalgreen. The other new launch this month was Midwood, within the Outside of Central Region (OCR).
\nREAD:\u00a0Guocoland\u2019s Midtown Bay Condo: 5 Key Points Of Interest
\nThe deficiency in major launches in the city fringe and mass-market segments like the OCR could have been a factor in the sales drop, said OrangeTee and Tie head of research and consultancy Christine Sun.
\n\u201cSales volumes tend to be lower when more luxury projects are being launched in a particular month, owing to the higher price tags and lower affordability,\u201d she said.
\nURA Realis data show that this year saw 104 non-landed new homes sales reach S$5 million and above, which is the highest mark since 155 were purchased from January to October 2011, added Sun.
\nHigh-profile transactions, such as James Dyson\u2019s purchase of Singapore\u2019s most expensive apartment, contributed to \u201csignificant positive sentiments for developer sales,\u201d said property analyst Ong Kah Seng.
\n\u201cDespite the global trade and geopolitical uncertainties, we believe demand for Singapore private homes is still relatively stable given the tight labour market, favourable interest rate environment, and relatively healthy household balance sheet,\u201d said Tricia Song, Colliers International head of research for Singapore.
\nOng believes the country\u2019s properties will become more attractive for foreign buyers wanting stable investments.
\n\u201cThere\u2019s increasing international attractiveness of Singapore residential properties as offering longer term stability to all profiles of buyers, including from foreigners who are eschewing investments in Hong Kong due to that city\u2019s heightening social turbulence,\u201d he noted.
\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…Private home sales drop 27% in October<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

However, the sales figures still show an\u00a084.9% increase compared to a year ago. New private...<\/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-112446","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-tfE","jetpack-related-posts":[{"id":30331,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ecs-the-driving-force-in-new-home-sales\/","url_meta":{"origin":112446,"position":0},"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":113120,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/higher-private-home-sales-recorded-in-november-despite-property-overhang\/","url_meta":{"origin":112446,"position":1},"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":[]},{"id":123274,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-private-home-sales-increase-9-in-october\/","url_meta":{"origin":112446,"position":2},"title":"Singapore private home sales increase 9% in October","date":"November 17, 2021","format":false,"excerpt":"\r Singapore private home sales increase 9% in OctoberIn October 2021, new private home sales in Singapore (excluding ECs) increased to 909 units, up from 834 units in September.\u00a0 New private home sales in Singapore, excluding executive condominiums (ECs), increased 9% month-on-month to 909 units in October, after registering two\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/11\/singapore-prime-district.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":122757,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-prices-up-1-1-in-q3\/","url_meta":{"origin":112446,"position":3},"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":95051,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-private-home-prices-rose-3-4-in-q2\/","url_meta":{"origin":112446,"position":4},"title":"Singapore private home prices rose 3.4% in Q2","date":"July 30, 2018","format":false,"excerpt":"\r The price growth in Q2 was slightly slower than the 3.9 percent increase in Q1.\u00a0 Singapore private home prices rose 3.4 percent quarter-on-quarter in Q2 2018 compared to a slightly faster growth of 3.9 percent in Q1, according to more complete data released by the Urban Redevelopment Authority (URA)\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":69168,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-home-sales-slow-in-sept-due-to-ghost-month\/","url_meta":{"origin":112446,"position":5},"title":"New home sales slow in Sept due to Ghost Month","date":"October 16, 2017","format":false,"excerpt":"\r View of private residential properties in Singapore. Property developers sold 657 private housing units in September, down 47.3 percent from 1,246 units in the previous month, according to data released on Monday (16 October) by the Urban Redevelopment Authority (URA). Analysts attributed the big drop in sales to the\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\/112446"}],"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=112446"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/112446\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=112446"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=112446"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=112446"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}