{"id":123862,"date":"2021-12-17T05:18:23","date_gmt":"2021-12-16T22:18:23","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-private-home-sales-up-70-in-november\/"},"modified":"2021-12-17T14:31:17","modified_gmt":"2021-12-17T07:31:17","slug":"new-private-home-sales-up-70-in-november","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-private-home-sales-up-70-in-november\/","title":{"rendered":"New private home sales up 70% in November"},"content":{"rendered":"


\nCanningHill Piers was the best performing project in November, moving 576 units at a median price of $2,887 psf.
\nNew private home sales in Singapore continued in an upward trend, increasing 70% in November from the previous month.
\nExcluding executive condominiums (ECs), developers sold 1,547 units in November, up from the 911 units shifted in the previous month, showed Urban Redevelopment Authority (URA) data.
\nOn an annual basis, new home sales rose 99.9% from the 774 units sold in November 2020.
\nIncluding ECs, new home sales rose 54% month-on-month and 96% year-on-year to 1,610 units.
\n\u201cThis is the third-highest monthly developer sales volume in 2021 and the highest November sales in 10 years,\u201d said Huttons Asia.
\nIt attributed the sharp spike in sales to the successful launch of CanningHill Piers and The Commodore. In fact, the two projects accounted for 47.8% of last month\u2019s total sales.
\n\u201cCanningHill Piers, was the best performing project in the month, moving 576 of its 696 total units (83%) at a median price of $2,887 per sq ft (psf),\u201d said Tricia Song, Head of Research for Southeast Asia at CBRE.
\nIt was followed by The Commodore and Normanton Park, which sold 164 and 105 units, respectively.
\nAlso on the top ten list are Dairy Farm Residences, The Woodleigh Residences, The Avenir, Sengkang Grand Residences, Avenue South Residences, The Florence Residences and Leedon Green.
\nRelated article:\u00a010 Most Popular New Launch Condos and ECs in Singapore for 2021
\nSong noted that November\u2019s new home sales were skewed towards the Rest of Central Region (RCR) mainly due to the robust performance of CanningHill Piers.
\nWith this, the RCR accounted for 58.8% of last month\u2019s sales, compared to 31.1% in October. The Outside Central Region (OCR) made up 29.7% of November\u2019s sales, versus 38.1% previously, while the Core Central Region (CCR) accounted for 11.3%, down from 30.8% in October.
\nHuttons revealed that 39% of November\u2019s transactions were priced above $2 million, 26.5% were between $1.5 million and $2 million and 34.4% were below $1.5 million.
\nSingaporeans made up 81.4% of the total transactions for November, while permanent residents and foreigners accounted for 12.9% and 5.6%, respectively, it said
\nLooking ahead, Song expects new home sales in December to remain buoyant, amid upcoming new launches, such as Perfect Ten in Bukit Timah Road.
\nLocated near popular schools and offering views of Bukit Timah Nature Reserve, the freehold luxury project could set a record price for the Bukit Timah area, given the limited new supply of such properties.
\nSong noted that the deferment of vaccinated travel lanes to select countries to manage the risk of transmission of COVID-19 Omicron variant could deter both inbound and outbound travel, delaying the return of foreign buyers.
\nNonetheless, viewing gallery restrictions are not expected to be tightened as the city-state transitions into endemic living.
\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.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…New private home sales up 70% in November<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

CanningHill Piers was the best performing project in November, moving 576 units at a median...<\/p>\n","protected":false},"author":1,"featured_media":123863,"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-123862","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\/12\/condominium-singapore.jpg?fit=820%2C410&ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-wdM","jetpack-related-posts":[{"id":123029,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/canninghill-piers-opens-for-preview-units-priced-from-1-16mil\/","url_meta":{"origin":123862,"position":0},"title":"CanningHill Piers opens for preview, units priced from $1.16mil","date":"November 5, 2021","format":false,"excerpt":"\r CanningHill Piers is a\u00a0696-unit project located between\u00a0the Singapore River and Fort Canning Hill.\u00a0The sales gallery opens today (5 November), and bookings begin on 20 November. Source:\u00a0CDL CanningHill Piers, CapitaLand Development and City Developments Limited (CDL)\u2019s joint development project, has opened its sales gallery today (5 November), while bookings will\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/11\/2021-press-release-canninghill-piers-day-main-1.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":123364,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/canninghill-piers-sells-77-of-its-units-over-launch-weekend\/","url_meta":{"origin":123862,"position":1},"title":"CanningHill Piers sells 77% of its units over launch weekend","date":"November 22, 2021","format":false,"excerpt":"\r CanningHill Piers sells 77% of its units over launch weekend538 out of 696 CanningHill Piers units were sold over its launch weekend on 20 to 21 Nov 2021, including its $48 million penthouse. Source: CDL CanningHill Piers along River Valley Road sold 538 units, or 77% of its 696\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/11\/2021-press-release-canninghill-piers-day-main-1-1.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":123274,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-private-home-sales-increase-9-in-october\/","url_meta":{"origin":123862,"position":2},"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":122029,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-private-home-sales-down-23-6-in-august\/","url_meta":{"origin":123862,"position":3},"title":"New private home sales down 23.6% in August","date":"September 16, 2021","format":false,"excerpt":"\r New 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 New private home sales in August\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"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&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":113120,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/higher-private-home-sales-recorded-in-november-despite-property-overhang\/","url_meta":{"origin":123862,"position":4},"title":"Higher private home sales recorded in November despite property overhang","date":"December 17, 2019","format":false,"excerpt":"\r Sengkang Grand Residences was the best-selling condo in November 2019. Sales of new private homes in November picked up significantly amid a property glut and despite the beginning of the year-end holiday period, reported The Straits Times. Excluding executive condominiums (ECs), developers moved 1,147 units in November\u00a0\u2013 a 23.2%\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2019\/12\/Top-10-Selling-Condos-In-November-Colliers-International.png?fit=1076%2C790&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":38278,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-home-sales-down-31-in-november\/","url_meta":{"origin":123862,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/123862"}],"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=123862"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/123862\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media\/123863"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=123862"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=123862"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=123862"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}