{"id":120413,"date":"2021-02-16T00:53:03","date_gmt":"2021-02-15T17:53:03","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-private-home-sales-jump-32-2-in-january\/"},"modified":"2021-02-16T09:08:16","modified_gmt":"2021-02-16T02:08:16","slug":"new-private-home-sales-jump-32-2-in-january","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-private-home-sales-jump-32-2-in-january\/","title":{"rendered":"New private home sales jump 32.2% in January"},"content":{"rendered":"


\nNew private home sales jump 32.2% in JanuaryNormanton Park\u00a0emerged as the best-selling project in January, shifting 625 units. It was followed by\u00a0Parc Central Residences EC\u00a0and\u00a0The Reef at King\u2019s Dock, which moved 417 and 221 units, respectively.
\nNew private home sales in Singapore jumped 32.2% to 1,609 units in January from the 1,217 units moved in December 2020.
\nOn an annual basis, new home sales, excluding executive condominiums (ECs), soared 159.6% from the 620 units shifted over the same period last year, making it the highest January sales since 2013.
\nThe number of units launched last month is also the highest January figure since the URA started the series in 2007 and the highest since March 2013, said Lee Sze Teck, Huttons Asia Director (Research).
\n\u201cDevelopers rode on the positive sentiments and pushed out more units for sale,\u201d he said.
\nIncluding the 489 ECs sold in January, developer sales increased 65.8% month-on-month and 227.8% year-on-year to 2,098 units.
\nRecommended article:\u00a0Need to Move In Urgently? Condos that will TOP in 2021
\nThe 1,862 -unit Normanton Park emerged as the best-selling project in January, shifting 625 units. It was followed by Parc Central Residences EC and The Reef at King\u2019s Dock, which moved 417 and 221 units, respectively.
\nCompleting the top five selling projects are Ki Residences at Brookvale and Treasure at Tampines.
\nLee noted that the sales achieved at Normanton Park meant another record has been broken.
\n\u201cThis certainly creates a positive vibe and sets the tone for the property market. The affordable quantum, low interest rate environment, ample liquidity, large base of HDB upgraders, recovery of the property market, perceived shortage in supply and pent-up demand for this long awaited project resulted in the overwhelming response to this project,\u201d he said.\u00a0
\n\u201cSales was given an added impetus in January because of the Fear Of Missing Out should fresh cooling measures be imposed on the market.\u201d
\nRecent comments by government ministers on the property market had sparked rumours that new cooling measures may be introduced.
\n\u201cThese speculations nudged on-the-fence buyers to take action as their buying eligibility or borrowing limits could be affected by new cooling measures. Some long term investors sprang into action as they anticipate that it may be harder to own a second or third property if new cooling measures were implemented,\u201d said Christine Sun, Senior Vice-president of Research and Analytics at OrangeTee & Tie.\u00a0
\nShe revealed that Singaporeans continued to form the bulk of buyers, purchasing 83.4% of non-landed new homes, excluding ECs. Singapore permanent residents accounted for 11% while foreigners made up 5.6%.
\nTricia Song, Head of Research for Singapore at Colliers International, said buyer demand remains strong for projects within the city fringe and suburban areas, \u201cwith a sweet spot of $1 to $1.6 million per unit, seen from the average of $1.26 million per unit in Normanton Park and $1.29 million per unit in Parc Central Residences EC\u201d.
\nShe noted that 73.7% of January\u2019s total developer sales were priced at the median price of $1,000 to $2,000 per sq ft (psf), compared to 85.6% in December 2020.
\nSuggested read:\u00a0Prime HDB Flat or \u201cUlu\u201d Condominium? Which to Buy with 800k
\nMeanwhile, 25.8% were priced at the median price of $2,000 to $3,000 psf, compared to 13.1% in December when suburban projects dominated.
\nIn January, the Rest of Central Region made up 68.9% of total sales, excluding ECs, while the Outside Central Region and Core Central Region made up 26% and 5.2%, respectively.
\nLooking ahead, Song expects February to witness a sequential decline in sales, due to the lack of new launches as well as the lunar new year festivities.
\n\u201cHowever, given the gradual roll-out of the vaccines and recovery of the global economy, momentum in the housing market remains positive,\u201d she said.
\nUpcoming major projects in the pipeline include Midtown Modern and One Bernam in the CBD; Perfect Ten at Bukit Timah Road, Klimt Cairnhill, The Atelier and Peak Residence in prime Districts 9,10 and 11.
\nLooking for a property in Singapore? Visit PropertyGuru\u2019s Listings, Project Reviews and Guides.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…New private home sales jump 32.2% in January<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

New private home sales jump 32.2% in JanuaryNormanton Park\u00a0emerged as the best-selling project in January,...<\/p>\n","protected":false},"author":1,"featured_media":120414,"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-120413","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-news"],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/02\/Normanton-Park-1.jpg?fit=820%2C410&ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-vk9","jetpack-related-posts":[{"id":79856,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-private-home-sales-up-37-from-a-year-ago\/","url_meta":{"origin":120413,"position":0},"title":"New private home sales up 37% from a year ago","date":"February 14, 2018","format":false,"excerpt":"\r Symphony Suites sold 65 units in the month of January, making it the most popular project.\u00a0 Property developers sold 522 new private homes excluding executive condominiums (ECs) in January 2018, up 21 percent from 431 units in the month before, according to data published by the Urban Redevelopment Authority\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":120006,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developer-sales-up-in-december-highest-since-2012\/","url_meta":{"origin":120413,"position":1},"title":"Developer sales up in December, highest since 2012","date":"January 15, 2021","format":false,"excerpt":"\r Developer 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\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"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&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":91728,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-private-home-sales-jump-53-in-may\/","url_meta":{"origin":120413,"position":2},"title":"New private home sales jump 53% in May","date":"June 19, 2018","format":false,"excerpt":"\r Thousands of buyers turned up at the showflat of Twin Vew during the launch in May. (Photo: CSC Land) Sales of new private homes in Singapore reached 1,121 units in May 2018, representing a 53.1 percent jump from the month before and a 7.9 percent increase from the same\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":11004,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapores-new-private-home-sales-highest-in-8-months\/","url_meta":{"origin":120413,"position":3},"title":"Singapore\u2019s new private home sales highest in 8 months","date":"April 20, 2016","format":false,"excerpt":"\r Analysts say the period of March-May tends to see an increased level of activity The Wisteria in Yishun is currently 58 percent sold Property developers in Singapore sold 843 private housing units, excluding executive condominiums (ECs), in March 2016, according to new data released by the Urban Redevelopment Authority\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8140,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developer-sales-down-almost-23-from-year-ago\/","url_meta":{"origin":120413,"position":4},"title":"Developer sales down almost 23% from year ago","date":"March 16, 2016","format":false,"excerpt":"\r The best-selling project in February was The Panorama in Ang Mo Kio. 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Photo: JadeScape emerged as the best-selling project in January 2020.\u00a0 Despite 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\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\/120413"}],"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=120413"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/120413\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media\/120414"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=120413"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=120413"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=120413"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}