{"id":122641,"date":"2021-10-18T01:51:33","date_gmt":"2021-10-17T18:51:33","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-private-home-sales-down-31-4-in-september\/"},"modified":"2021-10-18T10:14:26","modified_gmt":"2021-10-18T03:14:26","slug":"new-private-home-sales-down-31-4-in-september","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-private-home-sales-down-31-4-in-september\/","title":{"rendered":"New private home sales down 31.4% in September"},"content":{"rendered":"


\nAccording to data from URA, there were 834 new private homes sold in September 2021, excluding executive condominium units, a 31.4% month-on-month\u00a0decrease.
\nNew private home sales in Singapore fell 31.4% month-on-month in September \u2013 the second month where sales dropped by double digits.\u00a0
\nExcluding executive condominiums (ECs), developers sold 834 units in September compared to the 1,216 units shifted in August, showed Urban Redevelopment Authority (URA) data.
\nOn an annual basis, sales declined 37.2% from the 1,329 units sold in September 2020.
\nDevelopers launched 210 units in September, down 74.9% from August and 84.3% lower than the previous year.
\nIncluding ECs, new home sales marginally declined 2% month-on-month and 6.4% year-on-year in September.
\nRelated article:\u00a017 Freshly MOP-ed Resale Executive Condos in 2020-21
\n\u201cDeveloper sales (including ECs) were bolstered by the launch of Parc Greenwich which sold 68% or 335 of its 496 units at a median price of $1,229 per sq ft (psf), reflecting HDB upgraders\u2019 robust appetite for attractively priced EC units,\u201d said Tricia Song, Head of Research for Southeast Asia at CBRE.
\nNotably, Parc Greenwich emerged as the best-selling project for September. It is followed by Normanton Park, Ola, Parc Clematis and Dairy Farm Residences.
\nAlso on the top ten list are Leedon Green, Affinity At Serangoon, Treasure At Tampines, Avenue South Residence and Fourth Avenue Residences.
\n\u201cMarket activity continued to remain strong at the median price range of $1,500 to $1,999 psf, which contributed to 57.3% of total sales (excluding ECs) transacted in September 2021,\u201d said Shirley Wong, Director for Research at Colliers.
\nThe Outside Central Region (OCR) accounted for 42.7% of total sales in September, while the Rest of Central Region (RCR) made up 37.2%. The Core Central Region (CCR), on the other hand, accounted for 21.1%.
\nRelated article:\u00a0RCR vs OCR Resale Condos in Singapore: Which Makes a Better Home or Investment? 7 Factors to Consider
\nHuttons Asia attributed the higher proportion of sales in the CCR to the change in the calculation of school distance in 2022.
\n\u201cSeveral projects such as Fourth Avenue Residences and Leedon Green benefited from the change in school-home distance calculation for 2022 P1 registration. These two projects are the top two selling projects in CCR in September,\u201d it said.
\n\u201cAnother possible reason for the higher sales in the CCR could be buyers seeking attractively priced CCR projects ahead of repricing in 2022. Savvy investors realised that by paying a bit more, they get a better deal in the CCR,\u201d added Huttons.
\nWith this, the proportion of acquisitions \u201cpriced at $2 million and above rose to a high of 35.5% in September on the back of more transactions in the CCR\u201d.
\nHomes priced between $1.5 million and $2 million made up 35% of the total transactions in September, while those priced below $1.5 million accounted for 29.5%, said Huttons.
\nSingaporeans made up 82% of transactions, while permanent residents and foreigners accounted for 12.9% and 5.1%, respectively.
\nLooking ahead, Song expects the momentum in the housing market to remain positive.
\nShe believes that the addition of nine more countries to Singapore\u2019s Vaccinated Travel Lane (VTL) programme, including the UK, the US, Canada and South Korea, will be conducive to the return of foreign demand.
\nFor the whole of 2021, she expects developer sales to hover between 11,000 and 12,000 units, while prices are forecasted to increase by 6% to 8% for the full year.
\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…New private home sales down 31.4% in September<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

According to data from URA, there were 834 new private homes sold in September 2021,...<\/p>\n","protected":false},"author":1,"featured_media":122642,"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-122641","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\/10\/parc-greenwich-condo-landscape-facade-artist-impression-1.jpg?fit=820%2C410&ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-vU5","jetpack-related-posts":[{"id":110797,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-sales-remain-strong-in-august\/","url_meta":{"origin":122641,"position":0},"title":"Private home sales remain strong in August","date":"September 16, 2019","format":false,"excerpt":"\r Urban Redevelopment Authority\u2019s (URA) Realis data showed that developers sold 1,122 new homes in August, excluding executive condominiums (ECs). Including ECs, developers moved 1,167 units. Private home sales volume appeared to remain robust in August, despite it being a typically slow sales month. \u201cDemand in August seemed to have\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":38278,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-home-sales-down-31-in-november\/","url_meta":{"origin":122641,"position":1},"title":"New home sales down 31% in November","date":"December 16, 2016","format":false,"excerpt":"\r Artist\u2019s impression of Parc Riviera in West Coast Vale. Property developers in Singapore sold 860 units in November 2016, down 31.4 percent from the 1,253 units in the previous month, reported Channel NewsAsia, citing data from the Urban Redevelopment Authority (URA). Including executive condominiums (ECs), developers sold 1,110 private\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":38550,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-home-sales-down-31-in-november\/","url_meta":{"origin":122641,"position":2},"title":"Singapore home sales down 31% in November","date":"December 19, 2016","format":false,"excerpt":"\r Number of unit launches also fell Artist\u2019s impression of Parc Riviera in West Coast Vale Property developers in Singapore sold 860 units in November 2016, down 31.4 percent from the 1,253 units in the previous month, reported Channel NewsAsia, citing data from the Urban Redevelopment Authority (URA). Including executive\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123274,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-private-home-sales-increase-9-in-october\/","url_meta":{"origin":122641,"position":3},"title":"Singapore private home sales increase 9% in October","date":"November 17, 2021","format":false,"excerpt":"\r Singapore private home sales increase 9% in OctoberIn October 2021, new private home sales in Singapore (excluding ECs) increased to 909 units, up from 834 units in September.\u00a0 New private home sales in Singapore, excluding executive condominiums (ECs), increased 9% month-on-month to 909 units in October, after registering two\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/11\/singapore-prime-district.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":98052,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-private-home-sales-plunged-in-august\/","url_meta":{"origin":122641,"position":4},"title":"New private home sales plunged in August","date":"September 18, 2018","format":false,"excerpt":"\r Artist\u2019s impression of JadeScape, a new private housing development near Marymount MRT station. Following the introduction of new property cooling measures on 6 July, new private home sales in Singapore declined sharply in August on both a monthly and yearly basis, reported Channel NewsAsia. According to statistics published by\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":30331,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ecs-the-driving-force-in-new-home-sales\/","url_meta":{"origin":122641,"position":5},"title":"ECs the driving force in new home sales","date":"October 17, 2016","format":false,"excerpt":"\r Treasure Crest EC was the chart-topping project in September, revealed URA data. (Photo: Sim Lian Group) Singapore developers sold 769 private housing units in September including executive condominiums (ECs), down 3.7 percent from the 799 units in the previous month, revealed data published on Monday (17 October) by the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/122641"}],"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=122641"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/122641\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media\/122642"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=122641"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=122641"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=122641"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}