{"id":122029,"date":"2021-09-16T01:18:38","date_gmt":"2021-09-15T18:18:38","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-private-home-sales-down-23-6-in-august\/"},"modified":"2021-09-16T10:08:38","modified_gmt":"2021-09-16T03:08:38","slug":"new-private-home-sales-down-23-6-in-august","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-private-home-sales-down-23-6-in-august\/","title":{"rendered":"New private home sales down 23.6% in August"},"content":{"rendered":"


\nNew private home sales down 23.6% in AugustExperts attributed the lack of new launches to the decline in sales. However, new home sales are still expected to cross the 10,000 by the end of the year. Photo: The Watergardens At Canberra by UOL.\u00a0
\nNew private home sales in August declined 23.6% to 1,215 units (excluding executive condominiums (ECs)) from 1,591 units in July, showed data released by the Urban Redevelopment Authority (URA) on Wednesday (15 September).
\nOn an annual basis, new homes sales fell 3.4%.
\nLeonard Tay, Head of Research at Knight Frank Singapore, attributed the decline to a lack of new launches.
\nAmong last month\u2019s new launches, The Watergardens At Canberra sold nearly 60% of its 448 units, on the back of large upgrading demand from the HDB market. It emerged as the best-selling project in August, followed by Normanton Park, The Florence Residences, Midwood and Treasure at Tampines.
\nAlso on the top ten list are Dairy Farm Residences, Parc Clematis, Leedon Green, The Jovell and Avenue South Residences.
\nHuttons Asia CEO Mark Yip noted that despite the Lunar Seventh Month, developers still managed to sell over 1,000 units, which was higher compared to the same period last year.
\n\u201cBuyers are probably less concerned about committing to a home purchase during the Seventh Month nowadays,\u201d he said.
\nExcluding ECs, the Outside Central Region (OCR) accounted for 59.3% of total sales in August, while the Rest of Central Region (RCR) and Core Central Region (CCR) made up 28.2% and 12.5%, respectively.
\nOf the total transactions in August, 47.5% were priced below $1.5 million, 28.4% were between $1.5 million and $2 million, while 24.1% were above $2 million.
\nSingaporeans accounted for 85.4% of the acquisitions, while Permanent Residents (PRs) and foreigners made up 10.5% and 4.1%, respectively.
\nLooking ahead, Tay believes new private home sales will \u201ccross the 10,000 mark by year-end, and is more than likely to reach 12,000 transactions for the entire year\u201d.
\nYip also sees 12,000 new sales for this year.
\nHe noted that two new launches are expected in September \u2013 Bartley Vue and Jervois Mansion \u2013 while more launches are lined up in the last quarter of the year \u2013 namely, Belgravia Ace, Amber Sea, Canninghill Piers, Cairnhill 16, Perfect 10, Mori, and The Commodore.
\n\u00a0
\nLooking for a property in Singapore? Visit PropertyGuru\u2019s\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\nVictor Kang, Digital Content Specialist at PropertyGuru, edited this story. To contact him about this story, email:\u00a0victorkang@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…New private home sales down 23.6% in August<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

New private home sales down 23.6% in AugustExperts attributed the lack of new launches to...<\/p>\n","protected":false},"author":1,"featured_media":122030,"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-122029","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\/09\/Artists-impression-of-The-Watergardens-at-Canberra-crop.jpg?fit=820%2C411&ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-vKd","jetpack-related-posts":[{"id":121729,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/60-of-the-watergardens-at-canberra-sold-at-launch\/","url_meta":{"origin":122029,"position":0},"title":"60% of The Watergardens at Canberra sold at launch","date":"August 30, 2021","format":false,"excerpt":"\r 60% of The Watergardens at Canberra sold at launchThe 99-year leasehold project by UOL, Kheng Leong Company and Singapore Land Group sold 60% of its 448 units during its weekend launch.\u00a0Photo: UOL The Watergardens at Canberra received robust interest during its launch weekend, with 60% of its 448 units\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/08\/Artists-impression-of-The-Watergardens-at-Canberra-crop-1.jpg?fit=820%2C411&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":120506,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-new-private-home-sales-down-2-6-in-june\/","url_meta":{"origin":122029,"position":1},"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. 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