\nValue buys have proven enticing<\/p>\n
New private home sales soared to a 15-month high in October as two newly launched projects registered steady take-up rates.
Value buys have proven enticing New private home sales soared to a 15-month high in...<\/p>\n","protected":false},"author":1,"featured_media":0,"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-34594","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-8ZY","jetpack-related-posts":[{"id":34558,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-sales-hit-15-month-high-in-october\/","url_meta":{"origin":34594,"position":0},"title":"Private home sales hit 15-month high in October","date":"November 16, 2016","format":false,"excerpt":"\r New private home sales soared to a 15-month high in October as two newly launched projects registered steady take-up rates. Developers sold 1,252 new condominiums last month, more than double the 509 sold in September, and the highest since the 1,655 units sold in July 2015, reported Channel NewsAsia.\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":34594,"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":34594,"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":30331,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ecs-the-driving-force-in-new-home-sales\/","url_meta":{"origin":34594,"position":3},"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":[]},{"id":71879,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developer-sales-up-15-in-october-despite-no-major-launches\/","url_meta":{"origin":34594,"position":4},"title":"Developer sales up 15% in October despite no major launches","date":"November 15, 2017","format":false,"excerpt":"\r Sophia Hills in Mount Sophia was the top-selling private residential project last month. Sales of new private homes excluding executive condominiums (ECs) rose 15.4 percent to 758 units in October from 657 in the previous month, according to data from the Urban Redevelopment Authority on Wednesday (15 November). However,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":110797,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-sales-remain-strong-in-august\/","url_meta":{"origin":34594,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/34594"}],"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=34594"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/34594\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=34594"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=34594"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=34594"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nDevelopers sold 1,252 new condominiums last month, more than double the 509 sold in September, and the highest since the 1,655 units sold in July 2015, reported Channel NewsAsia.
\nThe bulk of the units sold were from two new projects \u2014 334 units were sold at The Alps Residences in Tampines, while 364 units were sold at Forest Woods in Serangoon.
\nIncluding executive condominiums (EC), developers sold 1,540 units in October, higher than the 769 units sold during the previous month. CBRE noted that flight to value appeared to be the key driver of demand.
\nMore: Developers: How can you stay competitive in Singapore?
\n\u201cBuyers have been motivated by value buys in terms of competitive pricing and palatable quantums, as smaller units seem to be gaining (the) most traction. Some buyers are also taking advantage of the current market situation to upgrade,\u201d said Desmond Sim, Head of CBRE Research (Singapore and Southeast Asia).
\nIn fact, the 1,252 units sold in October have helped to lift total year-to-date sales. And with two new projects launched this month \u2014 Parc Riviera and Queens Peak \u2014 CBRE revised its sales estimates for 2016 to around 8,000 units, higher than the 7,440 sold in 2015 and 7,316 sold in 2014.
\nEC projects also registered a better year-to-date performance, despite the lack of new launches since July. In the first 10 months of 2016 alone, developers sold a total of 3,553 ECs, up 39 percent from the 2,550 units sold last year.
\n\u201cShould there be a new EC project launch before the end of the year, EC sales in 2016 could number more than 4,000 units,\u201d said Sim.
\nThis article originally appeared on Propertyguru.com.sg on 16 November 2016
\nRead next: South East Asia Property Awards (Singapore) 2016 reveals full list of finalists
\n
\nSource : property-report.com
\nRead more…Private home sales hit 15-month high in October<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"