{"id":114357,"date":"2020-02-18T11:06:50","date_gmt":"2020-02-18T04:06:50","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-sales-up-14-9-in-january\/"},"modified":"2020-02-18T11:15:13","modified_gmt":"2020-02-18T04:15:13","slug":"private-home-sales-up-14-9-in-january","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-sales-up-14-9-in-january\/","title":{"rendered":"Private home sales up 14.9% in January"},"content":{"rendered":"


\nThe figure also marked the best January showing since 2013,\u00a0when 2,028 units were transacted. Photo: JadeScape emerged as the best-selling project in January 2020.\u00a0
\nDespite the Chinese New Year festivities and the coronavirus outbreak, developers sold 618 new private homes in January, up 14.9% from the previous month and 41.1% higher over the same period last year, showed Urban Redevelopment Authority (URA) data.
\nThe figure also marked the best January showing since 2013, when 2,028 units were transacted.
\n\u201cWe believe the sales volume in January reflected the underlying demand for homes, with competitively priced projects gaining a fair share of buyers,\u201d said Tricia Song, Head of Research for Singapore at Colliers International.
\nIn fact, the bulk of developer sales were from projects with units offered from $1 million to $1.5 million.
\n\u201cWe estimate that 67% of the total developer sales in January 2020 were priced at the median price of $1,000 to $2,000 per sq ft (psf),\u201d she added.
\nJadescape emerged as the best selling project in January, with 56 units sold. It was followed by Treasure at Tampines (moved 50 units), Parc Esta (44 units), Parc Botannia (39 units) and Parc Clematis (39 units).
\nREAD:\u00a0The FULL List Of Condos Launching In 2020
\nMeanwhile, three projects, all of which were located in the Core Central Region (CCR), were launched last month \u2013 Leedon Green, Van Holland and The Avenir. These projects carried a price quantum of between $2.7 million and $5 million per unit.
\nSong revealed that there are concerns that the COVID-19 outbreak could dent housing demand due to weaker overall market sentiment, social distancing as people avoid crowded places, such as showflats and the postponement of home purchases, particularly by Chinese buyers on the back of travel curbs.
\nBut while the concerns are valid, home buyers have been unfazed by the coronavirus fears, so far. Realis data even showed that 146 new transactions, excluding executive condominiums, were registered during the first nine days of February, she noted.
\nMoreover, developers have set up precautionary measures at showflats to protect visitors and property agents. Social media and digital technology also allowed developers to explore new ways to market their projects.
\n\u201cThese initiatives would go some way to ensure some business continuity, in ways which were not possible during the SARS outbreak in 2003,\u201d said Song.
\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 up 14.9% in January<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The figure also marked the best January showing since 2013,\u00a0when 2,028 units were transacted. Photo:...<\/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-114357","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-tKt","jetpack-related-posts":[{"id":66694,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/housing-market-on-road-to-recovery-say-experts\/","url_meta":{"origin":114357,"position":0},"title":"Housing market on road to recovery, say experts","date":"September 18, 2017","format":false,"excerpt":"\r Developer sales for the first eight months of this year has surpassed last year\u2019s total sales.\u00a0 Singapore\u2019s residential market appears to be rebounding, with private home sales reaching about 8,391 units for the first eight months of this year, surpassing the 7,972 units sold for the whole of 2016,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":61008,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-homes-sales-up-73-in-1h-2017\/","url_meta":{"origin":114357,"position":1},"title":"Private homes sales up 73% in 1H 2017","date":"July 18, 2017","format":false,"excerpt":"\r \u00a0 Despite the 21.1 percent month-on-month drop in the number of units sold last month, developers still managed to sell 6,388 private homes during the first half of 2017, up 73.8 percent over the same period last year, reported Business Times citing Urban Redevelopment Authority (URA) preliminary data. On\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":116043,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sales-of-luxury-condo-rose-72-in-q1-despite-market-uncertainties\/","url_meta":{"origin":114357,"position":2},"title":"Sales of luxury condo rose 72% in Q1 despite market uncertainties","date":"May 4, 2020","format":false,"excerpt":"\r OrangeTee & Tie attributed the stellar sales to the new sale segment where 554 new luxury condominiums were sold in Q1 2020. Singapore\u2019s luxury home segment defied the odds of the current market uncertainties, with sales of non-landed luxury homes surging 72% year-on-year to 965 units in the first\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":114357,"position":3},"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":117830,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-private-home-sales-soar-104-9-in-june-2020\/","url_meta":{"origin":114357,"position":4},"title":"New private home sales soar 104.9% in June 2020","date":"July 16, 2020","format":false,"excerpt":"\r New private home sales surged after the lifting of the circuit breaker measures. Photo: Treasure at Tampines was the best-selling project in June.\u00a0 Sales of new private homes in Singapore more than doubled in June from May, hitting the highest monthly sales since November 2019 and the highest June\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":43327,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/taiwan-defies-property-curbs-with-an-impressive-rise-in-sales\/","url_meta":{"origin":114357,"position":5},"title":"Taiwan defies property curbs with an impressive rise in sales","date":"February 8, 2017","format":false,"excerpt":"\r It\u2019s not just Mainland China that\u2019s feeling the heat Fireworks from Taipei 101 on New Year\u2019s Day 2017. Charlesimage\/Shutterstock Six cities in Taiwan saw a 37.5 percent year-on-year hike in the volume of housing transactions in January, Taipei Times reported. 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