{"id":112474,"date":"2019-11-19T12:05:12","date_gmt":"2019-11-19T05:05:12","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/condominium-resales-fall-8-5-in-q3-2019\/"},"modified":"2019-11-19T13:03:17","modified_gmt":"2019-11-19T06:03:17","slug":"condominium-resales-fall-8-5-in-q3-2019","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/condominium-resales-fall-8-5-in-q3-2019\/","title":{"rendered":"Condominium resales fall 8.5% in Q3 2019"},"content":{"rendered":"


\nThe Rest of Central Region (RCR) recorded the biggest resale drop of 10.7%.
\nIsland-wide condominium resale volumes in Q3 2019 dropped 8.5% quarter-on-quarter (QoQ) to 1,855 units, compared to 22% QoQ in Q2 2019, reported Singapore Business Review citing Edmund Tie.
\nOng Choon Fah, Edmund Tie CEO, believes the drop may have been caused by the increase in launches offering new units, causing buyers to turn to the new sale market.\u00a0
\nResales for the three market segments decreased, with the Rest of Central Region (RCR) suffering the biggest drop of 10.7%. The Outer Central Region (OCR) and the Core Central Region (CCR) both recorded 7.6% declines.
\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…Condominium resales fall 8.5% in Q3 2019<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The Rest of Central Region (RCR) recorded the biggest resale drop of 10.7%. Island-wide condominium...<\/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-112474","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-tg6","jetpack-related-posts":[{"id":112378,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-condominium-sales-rose-49-2-qoq-in-q3-2019\/","url_meta":{"origin":112474,"position":0},"title":"New condominium sales rose 49.2% QoQ in Q3 2019","date":"November 15, 2019","format":false,"excerpt":"\r Despite a dip in new project launches, more units put up for sale compared to Q3 2018.\u00a0 New condominium sales grew 49.2% quarter-on-quarter (QoQ) or 16.9% year-on-year (YoY) to 3,198 units, compared to 2,736 units in Q3 2018, reported Singapore Business Review citing a Edmund Tie report. This figure\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":112002,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/condominium-prices-in-rcr-sees-6-3-rise-in-q3-2019\/","url_meta":{"origin":112474,"position":1},"title":"Condominium prices in RCR sees 6.3% rise in Q3 2019","date":"October 30, 2019","format":false,"excerpt":"\r The growth was partly due to the revealing of plans for the Greater Southern Waterfront at the National Day Rally.\u00a0 Condominium prices in the Rest of Central Region (RCR) grew 6.3% year-on-year (YoY) in Q3 as compared to Q3 2018, reported Singapore Business Review citing Knight Frank. The growth\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":121647,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-private-home-market-to-remain-on-sound-footing\/","url_meta":{"origin":112474,"position":2},"title":"Singapore private home market to remain on sound footing","date":"August 25, 2021","format":false,"excerpt":"\r 8,449\u00a0units in the primary and secondary private home market were transacted in Q2 2021, a 4.3% quarter-on-quarter increase. Barring the introduction of cooling measures from the government, Singapore\u2019s private homes market is expected to remain on sound footing, with new launch activity picking up in the second half of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/08\/condominium-singapore.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":123182,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/homebuying-demand-to-remain-buoyant\/","url_meta":{"origin":112474,"position":3},"title":"Homebuying demand to remain buoyant","date":"November 12, 2021","format":false,"excerpt":"\r In Q3 2021, overall transaction volume for private homes increased by 7.5% from the previous quarter\u00a0to 9,083 units; this is a\u00a028.9% year-on-year growth. Homebuying demand in Singapore is expected to remain buoyant, particularly in suburban areas where pricing quanta are lower and relatively more affordable, said Lam Chern Woon,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/11\/singapore-skyline.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":70388,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/spore-sees-first-home-price-hike-in-4-years\/","url_meta":{"origin":112474,"position":4},"title":"S\u2019pore sees first home price hike in 4 years","date":"October 30, 2017","format":false,"excerpt":"\r Overall prices of private homes in Singapore rose for the first time in nearly four years after it edged up by 0.7 percent in Q3 2017 compared with the 0.1 percent dip in the prior quarter, according to the latest statistics from the Urban Redevelopment Authority (URA). In particular,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":122568,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/demand-for-private-homes-remain-strong-in-q3\/","url_meta":{"origin":112474,"position":5},"title":"Demand for private homes remain strong in Q3","date":"October 13, 2021","format":false,"excerpt":"\r Despite fewer projects launched in Q3 2021,\u00a0there were 3,358 new sale transactions, up from 2,838 in Q2 2021. Singapore saw no significant drop in demand for private homes during the third quarter of 2021, even as the city-state reverted to Phase 2 (Heightened Alert) from 22 July to 18\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/10\/Singapore-Condo.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/112474"}],"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=112474"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/112474\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=112474"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=112474"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=112474"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}