{"id":121510,"date":"2021-08-18T01:27:44","date_gmt":"2021-08-17T18:27:44","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ocr-sells-record-397-new-homes-in-july-141-units-sold-above-2mil\/"},"modified":"2021-08-18T10:08:21","modified_gmt":"2021-08-18T03:08:21","slug":"ocr-sells-record-397-new-homes-in-july-141-units-sold-above-2mil","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ocr-sells-record-397-new-homes-in-july-141-units-sold-above-2mil\/","title":{"rendered":"OCR sells record 397 new homes in July, 141 units sold above $2mil"},"content":{"rendered":"


\nOCR sells record 397 new homes in July, 141 units sold above $2milSlightly more than a third (35.5%) of the OCR private home\u00a0shifted in July 2021 were sold for at least $2 million.
\nThe Outside Central Region (OCR) hits a new high in July, with the 397 new private homes sold surpassing the record 293 units shifted in December 2020, reported Singapore Business Review (SBR).
\nOf these, 141 were sold for at least $2 million.
\nThe OCR led last month\u2019s new private home sales. Notably, Singapore saw new home sales surge 82.2% month-on-month to 1,589 units in July.
\nIncluding executive condominiums (ECs), new home sales rose 81.3% month-on-month to 1,744 units.
\nPropnex CEO Ismail Gafoor noted that the robust new home sale performance in July was boosted by \u201cthe buzzing OCR sub-market which saw over 1,000 units being transacted\u201d.
\n\u201cWe believe that the catalyst to the exuberance was the recent Government Land Sales (GLS) tender activity where Ang Mo Kio Avenue 1 and Lentor Central received top bids of $1,118 per sq ft per plot ratio (psf ppr) and $1,204 psf ppr respectively from developers,\u201d he said as quoted by SBR.
\n\u201cThe news of aggressive land prices triggered many to realize that future launch prices are likely to rise further.\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…OCR sells record 397 new homes in July, 141 units sold above mil<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

OCR sells record 397 new homes in July, 141 units sold above $2milSlightly more than...<\/p>\n","protected":false},"author":1,"featured_media":121511,"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-121510","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-news"],"jetpack_featured_media_url":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/08\/condo-singapore-1.jpg?fit=820%2C410&ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-vBQ","jetpack-related-posts":[{"id":118256,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-sales-up-8-2-in-july-second-consecutive-m-o-m-increase\/","url_meta":{"origin":121510,"position":0},"title":"Private home sales up 8.2% in July, second consecutive m-o-m increase","date":"August 17, 2020","format":false,"excerpt":"\r Treasure at Tampines was the best-selling project in July, with 112 units sold.\u00a0 New private home sales in Singapore continued to climb for the second month in a row after the government allowed the reopening of showflats. Excluding executive condominiums (ECs), new home sales rose 8.2% month-on-month to 1,080\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2020\/08\/private-home-sales-july-2020-1024x382.png?fit=1024%2C382&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":30385,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/5-best-selling-projects-in-september-2016\/","url_meta":{"origin":121510,"position":1},"title":"5 best-selling projects in September 2016","date":"October 18, 2016","format":false,"excerpt":"\r The most popular private condo last month was Lake Grande in Jurong West. (Photo: Christopher Chitty) Sales of new private homes, including executive condominiums (ECs), reached 769 units in September, according to data from the Urban Redevelopment Authority (URA). The five chart-topping projects are: 1) Treasure Crest EC (OCR)\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":121489,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-new-private-home-sales-surge-82-2-in-july\/","url_meta":{"origin":121510,"position":2},"title":"Singapore new private home sales surge 82.2% in July","date":"August 17, 2021","format":false,"excerpt":"\r Singapore new private home sales surge 82.2% in JulyAccording to data from the URA, new private home sales in July was the highest this year, with 1,744 units\u00a0sold. 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":22951,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/5-best-selling-projects-in-july-2016\/","url_meta":{"origin":121510,"position":3},"title":"5 best-selling projects in July 2016","date":"August 15, 2016","format":false,"excerpt":"\r Artist\u2019s impression of the Treasure Crest EC in Sengkang. 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With developers ramping up their launches, Singapore saw a total of 2,989 uncompleted private homes launched for sale in the first quarter of 2019, up 80.4 percent from the previous quarter, reported Singapore Business Review citing Savills Research.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":120506,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-new-private-home-sales-down-2-6-in-june\/","url_meta":{"origin":121510,"position":5},"title":"Singapore new private home sales down 2.6% in June","date":"July 16, 2021","format":false,"excerpt":"\r Singapore 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. New private home sales, excluding executive condominiums (ECs), slipped by 2.6% to 872 units in June from 895 units in May. 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