{"id":120518,"date":"2021-07-14T04:57:58","date_gmt":"2021-07-13T21:57:58","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/residential-sector-dominates-investment-sales-for-q2-2021\/"},"modified":"2021-07-18T17:02:52","modified_gmt":"2021-07-18T10:02:52","slug":"residential-sector-dominates-investment-sales-for-q2-2021","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/residential-sector-dominates-investment-sales-for-q2-2021\/","title":{"rendered":"Residential sector dominates investment sales for Q2 2021"},"content":{"rendered":"


\n7,267 units in the residential sector changed hands in Q2 2021. The residential sector accounted for 56% of the total property investment sales at $3 billion.
\nProperty investment sales in Singapore increased 15.4% quarter-on-quarter to $5.48 billion in the second quarter of 2021, with the residential sector accounting for 56% of the total sales at $3 billion, revealed an Edmund Tie report.
\nOf the total residential sales, $1.2 billion were from the Government Land Sales (GLS) programme.
\n\u201cAs there was no land sale activity in Q1 2021, the government\u2019s sale of three residential sites in Q2 2021 drew intense competition with seven to fifteen bidders per site,\u201d noted the report.
\nIn Q2 2021, the residential sector saw 7,267 units change hands, down 10.3% from the previous quarter. This comes as new sales and secondary market volumes both fell 18.5% and 4.1% quarter-on-quarter, respectively.
\nAcross the market segments, the Rest of Central Region (RCR) posted a more significant decline in new sales volume at 40.9% quarter-on-quarter compared to the 2.3% quarter-on-quarter drop registered in the Outside Central Region (OCR).
\nNew sales volume within the Core Central Region (CCR), on the other hand, increased 16.6% quarter-on-quarter.
\n\u201cThe growth in new sales volume in the CCR was driven by the location of the new residential project launches of the year. There were nine significant launches of non-landed projects between January and end-May 2021, out of which five (Midtown Modern, The Atelier, Irwell Hill Residences, Peak Residence, and Grange 1866) were located in the CCR,\u201d said Edmund Tie.
\nMeanwhile, flash estimates from the Urban Redevelopment Authority (URA) for Q2 2021 showed that the Property Price Index (PPI) for all private homes increased for the fifth consecutive quarter, although at a slower rate of 0.9% quarter-on-quarter compared to the 3.3% quarter-on-quarter growth seen in Q1 2021.
\nSpecifically, prices for non-landed private homes rose at a marginally faster rate compared to those for landed private homes.
\nPrices for non-landed properties within the OCR increased 1.8% quarter-on-quarter in Q2 2021, while the CCR and the RCR saw non-landed property prices climb by 0.6% and 0.3%, respectively.
\n\u201cThis trend indicates a strong demand for units in the OCR, against the backdrop of prevailing decentralisation and work-from-home trends,\u201d said the report.
\nOver at the private homes rental market, total leasing volumes marginally declined by 1% quarter-on-quarter to 23,622 transactions in Q1 2021. On an annual basis, however, rental volumes increased 9%, indicating a relatively stable private homes rental market.
\nLooking ahead, Lam Chern Woon, Senior Director of Research and Consulting at Edmund Tie, expects demand for private homes to remain steady amidst the low-interest rate environment and ample liquidity.
\n\u201cBarring possible imposition of government cooling measures, the private homes market is likely to remain on sound footing with transaction activity staying robust. On the supply side, developers could continue to price new units at a premium to account for increases in construction costs resultant from a tight foreign labour market and delayed timelines due to COVID-19,\u201d he added.
\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…Residential sector dominates investment sales for Q2 2021<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

7,267 units in the residential sector changed hands in Q2 2021. The residential sector accounted...<\/p>\n","protected":false},"author":1,"featured_media":120519,"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-120518","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\/07\/HDB-flats-in-Ghim-Moh.jpg?fit=820%2C410&ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-vlQ","jetpack-related-posts":[{"id":109516,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/real-estate-investment-sales-up-56-in-q2\/","url_meta":{"origin":120518,"position":0},"title":"Real estate investment sales up 56% in Q2","date":"July 31, 2019","format":false,"excerpt":"\r After three straight quarters of declines, real estate investment sales in Singapore registered its first quarter-on-quarter increase in the second quarter of 2019, revealed a Colliers International report. Total investment sales rose 56 percent quarter-on-quarter to $8.2 billion in Q2 2019, mainly driven by the residential and commercial sectors,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":93029,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/property-investment-sales-volume-up-11-4-in-q2\/","url_meta":{"origin":120518,"position":1},"title":"Property investment sales volume up 11.4% in Q2","date":"July 3, 2018","format":false,"excerpt":"\r The en bloc market continues to dominate property investment sales in Singapore. Driven by en bloc residential transactions, Singapore\u2019s investment sales market extended its robust performance in the second quarter of 2018, with preliminary investment volume up 11.4 percent year-on-year to $10.308 billion, according to a CBRE report. This\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":28425,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/residential-sector-dominates-property-investment-sales-in-q3\/","url_meta":{"origin":120518,"position":2},"title":"Residential sector dominates property investment sales in Q3","date":"October 4, 2016","format":false,"excerpt":"\r Landed home sales, especially large bungalow transactions, contributed significantly to property investment deals last quarter, research shows. Real estate investment sales in Singapore jumped 16 percent year-on-year to $4.61 billion in the third quarter of 2016 from $3.99 billion a year before, according to preliminary estimates from JLL. The\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118028,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/residential-investment-sales-muted-in-q2-2020-but-buying-activity-to-increase-edmund-tie\/","url_meta":{"origin":120518,"position":3},"title":"Residential investment sales muted in Q2 2020, but buying activity to increase : Edmund Tie","date":"July 30, 2020","format":false,"excerpt":"\r Despite a muted market, the real estate consulting firm expects buying activity to increase, with new projects launching in the second half of 2020. The resale market is also expected to see stronger sales as viewings resume.\u00a0 Residential investment sales in Singapore were muted during the second quarter of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":95997,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/residential-investment-sales-expected-to-slow-down-in-second-half\/","url_meta":{"origin":120518,"position":4},"title":"Residential investment sales expected to slow down in second half","date":"August 14, 2018","format":false,"excerpt":"\r Overall real estate investment sales in Singapore rose 11 percent quarter-on-quarter and 19 percent year-on-year to $12.2 billion in Q2 2018, driven mainly by the residential sector, which accounted for 67 percent of the overall transactions, according to a new report from Colliers International. The largest transaction was the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":120512,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/property-investment-deals-surged-127-3-in-q2-may-hit-30bil-by-end-2021\/","url_meta":{"origin":120518,"position":5},"title":"Property investment deals surged 127.3% in Q2, may hit $30bil by end-2021","date":"July 15, 2021","format":false,"excerpt":"\r Property investment deals increased 127.3% year-on-year to $5 billion in Q2 2021. Singapore saw property investment deals soar 127.3% to $5 billion during the second quarter of 2021, from $2.2 billion over the same period last year, revealed a Knight Frank report. \u201cInvestment sales in the second quarter of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/07\/Singapore-property.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/120518"}],"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=120518"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/120518\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media\/120519"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=120518"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=120518"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=120518"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}