{"id":121364,"date":"2021-08-11T02:10:28","date_gmt":"2021-08-10T19:10:28","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/proportion-of-loss-making-resale-home-deals-up-in-june\/"},"modified":"2021-08-11T11:03:35","modified_gmt":"2021-08-11T04:03:35","slug":"proportion-of-loss-making-resale-home-deals-up-in-june","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/proportion-of-loss-making-resale-home-deals-up-in-june\/","title":{"rendered":"Proportion of loss-making resale home deals up in June"},"content":{"rendered":"


\nIn the resale market, the share of loss-making transactions stood at 13.8% in June, up from 10.5% in May 2021.
\nThe share of loss-making residential transactions in Singapore\u2019 secondary market increased in June, reversing the decline registered in April and May, after the government introduced heightened restrictions due to rising COVID-19 cases, reported The Business Times (BT).
\nEdmund Tie Research data showed that the share of loss-making transactions in the resale home market increased to 13.8% in June, after falling from 12.2% in April to a record low of 10.5% in May. The figure stood at 14% in March.
\nOn a quarterly basis, however, the proportion of loss-making transactions improved from 14.6% in Q1 2021 to 12% in Q2 2021.
\n\u201cWhile we are likely past the worst from a market distress perspective, we expect there could still be bumps in the months ahead given the fluidity of the Covid-19 situation and how large clusters could flare up,\u201d said Lam Chern Woon, Head of Research and Consulting at Edmund Tie and Company, as quoted by BT.
\n\u201cThe latest re-imposition of a two-person social gathering and home viewing limit will dampen viewings and transactions before the market comes to terms with it.\u201d
\nWith this, Lam expects more owners to be \u201cmore flexible about their asking prices, voluntarily or otherwise, in order to reduce the marketing process duration\u201d.
\nThe trend was also evident in the non-landed resale home market, which saw the share of loss-making transactions fall from 13.4% in April to 11.6% in May, before rising to 15.3% in June. In Q2 2021, the proportion of loss-making deals in the non-landed resale market declined from 15.5% in Q1 2021 to 13.2%.
\nFor the first half of 2021, the share of loss-making deals for non-landed and landed properties stood at more than 13%, down from the 17% and 14% registered in 2020 and 2019, respectively.
\nThe performance, however, varies by market segment, with deals within the Core Central Region (CCR) witnessing greater volatility last year and in H1 2021 compared to the Outside Central Region (OCR).
\n\u201cGiven the prevalence of buy-to-let purchasers in the CCR region, it is not surprising to see that fortunes are more readily made or lost in this market segment,\u201d said Lam.
\n\u201cOn the other hand, the general improvement was more steady in the OCR and it suggests that owner-occupiers in this segment may have been more financially prudent in making their property purchases,\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…Proportion of loss-making resale home deals up in June<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

In the resale market, the share of loss-making transactions stood at 13.8% in June, up...<\/p>\n","protected":false},"author":1,"featured_media":121365,"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-121364","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\/08\/Singapore-buildings.jpg?fit=820%2C410&ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-vzu","jetpack-related-posts":[{"id":121647,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-private-home-market-to-remain-on-sound-footing\/","url_meta":{"origin":121364,"position":0},"title":"Singapore private home market to remain on sound footing","date":"August 25, 2021","format":false,"excerpt":"\r 8,449\u00a0units in the primary and secondary private home market were transacted in Q2 2021, a 4.3% quarter-on-quarter increase. Barring the introduction of cooling measures from the government, Singapore\u2019s private homes market is expected to remain on sound footing, with new launch activity picking up in the second half of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/08\/condominium-singapore.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":109328,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/resale-transactions-of-private-homes-drop-50-in-q2\/","url_meta":{"origin":121364,"position":1},"title":"Resale transactions of private homes drop 50% in Q2","date":"July 25, 2019","format":false,"excerpt":"\r The private property resale market continued to be in the doldrums even as new private home sales increased in the second quarter of 2019, revealed a Huttons report. About 2,400 resale transactions were registered in Q2 2019, down 50 percent over the same period last year. According to Today\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":120620,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/resale-private-home-transactions-rose-6-5-in-q1\/","url_meta":{"origin":121364,"position":2},"title":"Resale private home transactions rose 6.5% in Q1","date":"June 18, 2021","format":false,"excerpt":"\r Resale private home transactions rose 6.5% in Q14,607 units were sold during the first quarter of 2021, with demand likely spurred on due to COVID-19 construction delays. Savills Singapore data showed that the number of private homes sold in the secondary market increased 6.5% quarter-on-quarter to 4,607 units during\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/06\/HDB-flat-Singapore.jpg?fit=820%2C411&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":100674,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/falling-hdb-resale-prices-a-thorny-issue-for-singapore-government\/","url_meta":{"origin":121364,"position":3},"title":"Falling HDB resale prices a thorny issue for Singapore government","date":"October 30, 2018","format":false,"excerpt":"\r HDB resale prices could slide by up to 2.0% this year. There could be severe political ramifications if the Singapore government fails to adequately address the downtrend in the prices of HDB resale flats and the loss of their value as the lease dwindles, reported Bloomberg recently. \u201cThe government\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":122742,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-prices-transactions-up-in-q3\/","url_meta":{"origin":121364,"position":4},"title":"HDB resale prices, transactions up in Q3","date":"October 22, 2021","format":false,"excerpt":"\r Quarter-on-quarter, Q3 2021 HDB resale prices\u00a0increased\u00a02.9% while\u00a0transaction volumes increased 19.4%. Resale prices for Housing and Development Board (HDB) flats rose 2.9% in the third quarter of 2021, moderating from the 3% increase registered in the previous quarter, showed HDB data on Friday (22 October). Nonetheless, it is still slightly\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/10\/Pine-Close-HDB-flat-crop.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":120572,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-prices-hdb-resale-prices-continue-to-increase-in-q2-2021\/","url_meta":{"origin":121364,"position":5},"title":"Private home prices, HDB resale prices continue to increase in Q2 2021","date":"July 1, 2021","format":false,"excerpt":"\r Private home prices, HDB resale prices continue to increase in Q2 2021Private home prices and HDB resale prices continue to increase in the second quarter of 2021, showed the URA and HDB flash estimates.\u00a0 Singapore saw private home prices and HDB resale prices continue to increase in the second\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/07\/HDB-MRT-station.jpg?fit=819%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/121364"}],"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=121364"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/121364\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media\/121365"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=121364"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=121364"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=121364"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}