{"id":118256,"date":"2020-08-17T16:33:13","date_gmt":"2020-08-17T09:33:13","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-sales-up-8-2-in-july-second-consecutive-m-o-m-increase\/"},"modified":"2020-08-17T17:03:26","modified_gmt":"2020-08-17T10:03:26","slug":"private-home-sales-up-8-2-in-july-second-consecutive-m-o-m-increase","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-sales-up-8-2-in-july-second-consecutive-m-o-m-increase\/","title":{"rendered":"Private home sales up 8.2% in July, second consecutive m-o-m increase"},"content":{"rendered":"


\nTreasure at Tampines was the best-selling project in July, with 112 units sold.\u00a0
\nNew private home sales in Singapore continued to climb for the second month in a row after the government allowed the reopening of showflats.
\nExcluding executive condominiums (ECs), new home sales rose 8.2% month-on-month to 1,080 units in July from June\u2019s 998 units, according to\u00a0Urban Redevelopment Authority (URA) data. This figure is the highest monthly sales this year. Including ECs, month-on-month sales increased by 10.8% from 1,031 to 1,142 units.
\nOn an annual basis, however, new private homes sales, excluding ECs, fell 8.4%.<\/p>\n

Treasure at Tampines emerged as the best-selling project last month, with 112 units sold. It was followed by Parc Clematis, The Florence Residences, JadeScape and Daintree Residences.
\n\u201cDemand continued to strengthen in July as investors continue to throng the property market in search of safe-haven assets amid the growing economic uncertainties and turbulent equity markets,\u201d said Christine Sun, Head of Research & Consultancy at OrangeTee & Tie.
\nShe believed that some buyers are capitalising on the falling interest rates, while others may be rushing to acquire a property ahead of the Hungry Ghost month which starts in August.
\nHomes above $2 million the highest in seven years, with more buying in the OCR and RCR
\nWith this, sales of pricier homes, which were bought by investors and high-income Singaporeans, hit a seven-year high in July, with 150 non-landed homes (excluding ECs), shifted above $2 million. Of these, 69 were located in the Rest of Central Region (RCR), 34 were in the Outside of Central Region (OCR) and 47 were in the Core Central Region (CCR).
\n\u201cWhile the majority of buyers bought homes in the OCR and RCR areas last month, we observed more buyers purchasing \u2018pricier\u2019 homes in these two regions. This came as a surprise as most buyers especially those purchasing homes in the mass market region would prefer more affordable housing options, given the current macroeconomic uncertainties,\u201d said Sun.
\nIn fact, of the two private homes sold above $10 million, one was located in RCR. This was a 527 sq m freehold MeyerHouse condo that was transacted for $13.8 million. The other was a 462 sq m unit at 15 Holland Hill within the CCR, which was sold for $13.4 million.
\nNot including ECs, URA Realis data also showed that the proportion of non-landed private homes transacted above $2 million in the RCR rose to 16.8% in July from 12.8% in June.
\n\u201cIn terms of absolute numbers, the number of transactions rose 27.8% month-on-month from 54 units to 69 units over the same period, which was the highest number recorded since September 2019 (85 units),\u201d noted Sun.
\nAmong the RCR projects with above $2 million transactions include Stirling Residences, Jadescape and Parc Esta.
\nMeanwhile, in the OCR, sales of non-landed private homes sold above $2 million also increased to 34 units in July from 27 units in June. Some of the OCR projects with above $2 million transactions include Parc Clematis, Treasure at Tampines, The Florence Residences and Grandeur Park Residences.
\nSales of landed properties also saw a huge jump
\nSun noted that landed properties were \u201cflying off the shelves\u201d, with 156 units sold in July (from 67 sold in June). Of this, 143 were resales, while 13 units were new properties.<\/p>\n

\u201cAlthough July\u2019s new sale numbers were not as large as resales, they were the highest number of new properties inked in 10 months.\u201d
\nMore are buying bigger homes
\nLee Sze Teck, Director of Research at Huttons Asia, also believed that the COVID-19 pandemic \u201cwhich have brought about more people working from home (WFH) may have triggered buyers\u2019 desire for more space\u201d.
\nAn analysis of caveats showed that the average size of units acquired since April 2020 has steadily increased in the past few months.
\n\u201cThis trend may continue as WFH becomes a permanent arrangement for some employees.\u201d
\nMeanwhile, Sun noted that Singaporeans continue to account for the bulk of buyers in July.
\nExcluding ECs, the number of new non-landed homes acquired by Singaporeans increased to 884 units in July from 785 units in June, or making up 84.4% of total sales.
\nThe number of homes purchased by Singapore permanent residents rose further to 130 units last month from 123 units in June, while those acquired by non-permanent residents dipped to 34 units in July from 46 units previously.
\nLooking ahead, Lee expects August to be a \u201cblockbuster month for developer sales\u201d.
\n\u201cForett at Bukit Timah, the first major launch after the circuit breaker with a virtual sale balloting process is estimated to sell close to 40% in August. Developer sales in August could be even higher than September 2019\u2019s 1,270 units,\u201d he said.
\n\u00a0
\nLooking for a property in Singapore? Visit\u00a0PropertyGuru\u2019s\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\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 8.2% in July, second consecutive m-o-m increase<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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Photo: Treasure at Tampines. Despite the closure of showflats due to the government\u2019s circuit breaker measures, sales for new private homes rose 75.5% to 486 units \u2013 excluding executive condominiums (ECs) \u2013 in May\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":118256,"position":1},"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":110797,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-sales-remain-strong-in-august\/","url_meta":{"origin":118256,"position":2},"title":"Private home sales remain strong in August","date":"September 16, 2019","format":false,"excerpt":"\r Urban Redevelopment Authority\u2019s (URA) Realis data showed that developers sold 1,122 new homes in August, excluding executive condominiums (ECs). Including ECs, developers moved 1,167 units. Private home sales volume appeared to remain robust in August, despite it being a typically slow sales month. \u201cDemand in August seemed to have\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":109930,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-sales-jumped-43-5-in-july\/","url_meta":{"origin":118256,"position":3},"title":"Private home sales jumped 43.5% in July","date":"August 16, 2019","format":false,"excerpt":"\r Developers moved 1,178 new private homes, excluding executive condominiums (ECs), in July, up 43.5 percent from the 821 units sold in June. On an annual basis, the figure was 31.7 percent lower compared to the 1,724 units transacted in July 2018, when panic buyers rushed to snap units before\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":122641,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-private-home-sales-down-31-4-in-september\/","url_meta":{"origin":118256,"position":4},"title":"New private home sales down 31.4% in September","date":"October 18, 2021","format":false,"excerpt":"\r According to data from URA, there were 834 new private homes sold in September 2021, excluding executive condominium units, a 31.4% month-on-month\u00a0decrease. New private home sales in Singapore fell 31.4% month-on-month in September \u2013 the second month where sales dropped by double digits.\u00a0 Excluding executive condominiums (ECs), developers sold\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/10\/parc-greenwich-condo-landscape-facade-artist-impression-1.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":88247,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developer-sales-surge-68-to-1325-units-in-april\/","url_meta":{"origin":118256,"position":5},"title":"Developer sales surge 68% to 1,325 units in April","date":"May 15, 2018","format":false,"excerpt":"\r Artist\u2019s impression of Rivercove Residences EC in Sengkang. Sales of new private homes, including executive condominiums (ECs), rose 68.1 percent in April to 1,325 units from 788 in the previous month, according to latest figures from the Urban Redevelopment Authority. Excluding ECs, developers sold 729 private units last month,\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\/118256"}],"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=118256"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/118256\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media\/118257"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=118256"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=118256"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=118256"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}