{"id":120506,"date":"2021-07-16T02:41:33","date_gmt":"2021-07-15T19:41:33","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-new-private-home-sales-down-2-6-in-june\/"},"modified":"2021-07-18T17:02:47","modified_gmt":"2021-07-18T10:02:47","slug":"singapore-new-private-home-sales-down-2-6-in-june","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-new-private-home-sales-down-2-6-in-june\/","title":{"rendered":"Singapore new private home sales down 2.6% in June"},"content":{"rendered":"


\nSingapore new private home sales down 2.6% in JuneNew private home sales dropped 2.6% month-on-month, from 895 to 872 units, and decreased 12.6% year-on-year.
\nNew private home sales, excluding executive condominiums (ECs), slipped by 2.6% to 872 units in June from 895 units in May. On an annual basis, new home sales dropped 12.6%.
\nThis brings total developer sales, excluding ECs, for the first half of 2021 to 6,608 units, up 64.5% over the same period last year.
\n\u201cNew home sales remained resilient last month despite a lack of project launches and measures being tightened during the heightened alert,\u201d said Christine Sun, Senior Vice-President of Research and Analytics at OrangeTee & Tie.
\nShe noted that most developers \u201cavoided launching new projects as strict viewing measures remained in place at property sales galleries\u201d.
\n\u201cSales were almost on par with the level seen in May. Compared to a year ago, developers and property agencies were more prepared to roll out new marketing activities and launch new projects after restrictions were further eased from the second half of June,\u201d added Sun.
\nSpecifically, the Outside of Central Region (OCR) accounted for the bulk of new home sales in June at 38.6%. The Rest of Central Region (RCR) accounted for 37.7%, while the Core Central Region (CCR) made up 23.6% of the total sales.
\nHyll on Holland emerged as the best-selling project as it sold 87 units at a median price of $2,387 per sq ft (psf) last month. It is followed by Treasure at Tampines, Normanton Park, The Florence Residence, Midwood and The Antares.
\nCompleting the top ten best selling projects list are Avenue South Residence, Parc Clematis, Amber Park and Leedon Green.
\nSun said the good sales at Hyll on Holland showed that \u201cmany high net worth individuals are streaming back to the luxury market and attractively priced properties will continue to draw strong buying interest\u201d.
\nShe revealed that aside from Hyll on Holland, another 119 luxury homes were shifted at other prime district projects. Leedon Green sold 31 units, Fourth Avenue Residences moved 12 units, and Irwell Hill Residences shifted 11 units.
\nMeanwhile, Huttons Asia noted that Singaporeans made up 81.7% of total purchases for June, while permanent residents (PRs) and foreigners accounted for 12.4% and 5.7%, respectively.
\n\u201cMore Singaporeans bought homes priced between $1.5 million and $2 million in June, probably by cashing out their existing HDB flats,\u201d it said.
\nHuttons added that 42% of last month\u2019s total transactions were priced below $1.5 million, 30.8% were between $1.5 million and $2 million, while 27.2% were above $2 million. \u201cThe average price paid for a unit in June was $1.82 million,\u201d it said.
\nLooking ahead, Pearl Lok, Director for Capital Markets for Singapore at Colliers International, expects to see more homebuying activities as Singapore continues to ramp up the roll-out of vaccination, allowing COVID-19 measures to be further eased.
\n\u201cGoing into H2 2021, we expect OCR and RCR to have more homebuying activities as most of the projects in the pipeline are in these localities, with UOL announcing earlier the launch of The Watergardens at Canberra, located within OCR in July,\u201d she said.
\n\u201cThe month of July is likely to see healthy sales, which could continue through 2021, as new launches are expected to continue in H2 2021. Private home prices could rise 6% in 2021, tracking GDP growth.\u201d
\nLooking for a property in Singapore? Visit PropertyGuru\u2019s\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\nCheryl Chiew, Digital Content Specialist at PropertyGuru, edited this story. To contact her about this story, email:\u00a0cheryl@propertyguru.com.sg\u00a0
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Singapore new private home sales down 2.6% in June<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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Photo: Watergardens at Canberra Despite the tightened safe management measures during the second half of July, developers in Singapore sold 1,589\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/08\/Artists-impression-of-The-Watergardens-at-Canberra-crop.jpg?fit=820%2C411&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":121470,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-private-home-sales-up-77-in-july-despite-tightened-measures\/","url_meta":{"origin":120506,"position":2},"title":"New private home sales up 77% in July despite tightened measures","date":"August 16, 2021","format":false,"excerpt":"\r New private home sales up 77% in July despite tightened measuresBased on caveats lodged, new private home sales jumped 77.2% to 1,545 units from the 872 units shifted in June. Photo: Pasir Ris 8 by Allgreen.\u00a0 New private home sales in Singapore rebounded in July, even as the Government\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/08\/pasir-ris-8-artist-impression.jpeg?fit=820%2C405&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":117166,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-private-homes-sales-spiked-75-5-in-may\/","url_meta":{"origin":120506,"position":3},"title":"New private homes sales spiked 75.5% in May","date":"June 16, 2020","format":false,"excerpt":"\r Including ECs, 509 units were sold in May, up 73.7% month-on-month but down 46.5% year-on-year. Photo: Treasure at Tampines. 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