{"id":112625,"date":"2019-11-25T11:45:43","date_gmt":"2019-11-25T04:45:43","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/smaller-condos-the-bulk-of-new-sales-in-q3\/"},"modified":"2019-11-25T12:12:53","modified_gmt":"2019-11-25T05:12:53","slug":"smaller-condos-the-bulk-of-new-sales-in-q3","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/smaller-condos-the-bulk-of-new-sales-in-q3\/","title":{"rendered":"Smaller condos the bulk of new sales in Q3"},"content":{"rendered":"


\nNew 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
\nGiven their more affordable price quantum, smaller condos \u2013 or those measuring below 1,000 square feet (sq ft) \u2013 made up 81.7% of total new sales in the third quarter of 2019, reported Singapore Business Review citing Edmund Tie Research.
\nThe percentage of condominium sales measuring less than 500 sq ft rose from 13.6% in Q2 to 15.1% in Q3, while those measuring between 700 sq ft and 1,000 sq ft increased from 30.3% to 33.5%. The proportion of all other unit sizes, however, dropped.
\nHence, there was a bigger share of units priced below $1.5 million. Units priced between $1 million and $1.5 million substantially increased from 40.7% in Q2 to 47.1% in Q3.
\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…Smaller condos the bulk of new sales in Q3<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

New sales of condominiums below 500 sq ft rose to 15.1% this quarter, compared to...<\/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-112625","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-tix","jetpack-related-posts":[{"id":123182,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/homebuying-demand-to-remain-buoyant\/","url_meta":{"origin":112625,"position":0},"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":101542,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/luxury-condo-prices-hit-record-high-in-q3\/","url_meta":{"origin":112625,"position":1},"title":"Luxury condo prices hit record high in Q3","date":"November 22, 2018","format":false,"excerpt":"\r View of luxury apartments in Singapore. The average price of resale luxury condos in Singapore reached a new record high of $2,063 psf in Q3 2018, likewise for new sales of high-end condos at $2,819 psf, according to a new report from OrangeTee & Tie. The most expensive luxury\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":100913,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/small-home-resales-hit-10-year-high-in-2017\/","url_meta":{"origin":112625,"position":2},"title":"Small home resales hit 10-year high in 2017","date":"November 5, 2018","format":false,"excerpt":"\r Sales of resale homes measuring from 500 to 800 sq ft hit a 10-year high of 1,466 units in 2017. Sales of small private condos slowly but steadily increased between 2014 and 2017, reported the Business Times, citing newly published research from OrangeTee & Tie. The study found that\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":112625,"position":3},"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":110134,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/higher-prices-or-not-these-new-condo-units-are-moving-fast\/","url_meta":{"origin":112625,"position":4},"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":112645,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/upward-momentum-in-sg-condo-prices-could-last-until-q3-2020\/","url_meta":{"origin":112625,"position":5},"title":"Upward momentum in SG condo prices could last until Q3 2020","date":"November 26, 2019","format":false,"excerpt":"\r \u00a0 Good news for sellers (and developers). The increase in residential property prices, which include condo prices, is\u00a0expected to last until Q3 2020, a new\u00a0Savills Research report\u00a0revealed. Based on URA data, private home prices rose a second consecutive quarter in Q3 2019 by 1.3%, after 2.0% in Q2. 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