{"id":120006,"date":"2021-01-15T06:14:04","date_gmt":"2021-01-14T23:14:04","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/developer-sales-up-in-december-highest-since-2012\/"},"modified":"2021-02-02T17:52:28","modified_gmt":"2021-02-02T10:52:28","slug":"developer-sales-up-in-december-highest-since-2012","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developer-sales-up-in-december-highest-since-2012\/","title":{"rendered":"Developer sales up in December, highest since 2012"},"content":{"rendered":"


\nDeveloper sales up in December, highest since 2012Analysts expect\u00a0the sales momentum in December to spill over to January 2021. However it is anticipated\u00a0that while demand for new homes may remain high, the supply of new launches may decline this year. Image: Clavon, whose launch in December sold 473 units
\nDevelopers in Singapore sold 1,217 units new private homes in December, up 57.2% from November and 126.2% over the same period in 2019, making it the highest December sales since 2012.
\nIncluding executive condominiums (ECs), new home sales jumped 53.9% month-on-month.
\nLee Sze Teck, Director of Research at Huttons Asia, attributed the exceptional performance \u201cto the outstanding sales notched at Clavon where 473 units were sold\u201d.
\n\u201cAn expected rebound in economic growth in 2021, arrival of vaccines for COVID-19 and the inability to travel because of COVID-19 contributed partly to the sales performance in December as well,\u201d he said.
\nRecommended article:\u00a02020 New Launch Condo Report Card: Which Were the Most Popular Condos This Year?
\nAside from Clavon, other top selling projects for the month included Ki Residences at Brookvale, Parc Clematis, Treasure at Tampines and Jadescape.
\nThe Outside of Central Region accounted for 75.9% of the total new home sales, while the Rest of Central Region and Core Central Region accounted for 19.1% and 4.9%, respectively.
\nLee expects the sales momentum in December to spill over to January 2021, possibly maintaining sales volume at about 1,000 units.
\n\u201cIf that happens, it will be the highest January sale volume since 2013,\u201d he said.
\nBut while demand for homes remains high, Christine Sun, Senior Vice President of Research & Analytics at OrangeTee & Tie, expects supply to decline this year.
\n\u201cThe number of planned launches may decrease this year as many mega projects have been launched over the past three years. New land supply in the suburban and city-fringe areas has dipped very low since the end of the last collective sales cycle. Government land sales have also been moderated over the past few years,\u201d she said.
\nSuggested read:\u00a019 New Launch Condos and ECs in 2021: Which to Buy?
\nShe noted that the imbalance between supply and demand may keep home prices firm and even rising in some areas where new supply is limited.
\nIn fact, prices at many recent launches have already been on the rise last year despite the macroeconomic uncertainties and the pandemic.
\nWith this, she expects new home prices \u201cto move higher this year, possibly by 2% to 5%.\u201d
\n\u201cThe total number of new home sales, excluding EC, is 10,024 units based on the flash estimates. The final figure could be lower when aborted units are accounted in the final figures released in the Q4 2020 URA real estate statistics data,\u201d added Sun.
\n\u201cTherefore, the total number of new home sales could be on par with the 9,912 units sold in 2019 and above the 8,795 units sold in 2018.\u201d
\nFor this year, Sun expects new home sales, excluding ECs, to stand between 9,000 and 10,000 units.
\nLooking for a property in Singapore? Visit PropertyGuru\u2019s Listings, Project Reviews and Guides.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Developer sales up in December, highest since 2012<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Developer sales up in December, highest since 2012Analysts expect\u00a0the sales momentum in December to spill...<\/p>\n","protected":false},"author":1,"featured_media":120007,"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-120006","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-news"],"jetpack_featured_media_url":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/01\/Artists-impression-of-Clavon-13-August-2020-crop.jpg?fit=820%2C410&ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-vdA","jetpack-related-posts":[{"id":120024,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-new-home-sales-up-almost-60-in-december\/","url_meta":{"origin":120006,"position":0},"title":"Singapore new home sales up almost 60% in December","date":"January 13, 2021","format":false,"excerpt":"\r Singapore new home sales up almost 60% in DecemberThe December sales were mainly driven by two key launches \u2013 namely,\u00a0Clavon\u00a0and\u00a0Ki Residences.\u00a0On an annual basis, new home sales soared 126.2% from the 538 units shifted in December 2019.\u00a0 New home sales in Singapore rose by almost 60% month-on-month to 1,217\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/01\/The-Clavon-Artist-Impression-UOL-Group.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":119964,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-sales-up-in-2020-while-retail-sales-continue-to-lag\/","url_meta":{"origin":120006,"position":1},"title":"Private home sales up in 2020 while retail sales continue to lag","date":"January 25, 2021","format":false,"excerpt":"\r Private home sales up in 2020 while retail sales continue to lagWhile retail sales have recovered since the start of the pandemic, it remained weaker compared to pre-COVID days. 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