{"id":44304,"date":"2017-02-16T09:54:44","date_gmt":"2017-02-16T02:54:44","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-home-sales-up-17-6-from-year-ago\/"},"modified":"2017-02-16T10:02:05","modified_gmt":"2017-02-16T03:02:05","slug":"new-home-sales-up-17-6-from-year-ago","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-home-sales-up-17-6-from-year-ago\/","title":{"rendered":"New home sales up 17.6% from year ago"},"content":{"rendered":"


\nAnalysts expect more sales activity in the primary market this year.\u00a0
\nDespite the lack of new project launches, developers sold 381 private residential units in January, excluding executive condominiums (ECs), according to latest data from the Urban Redevelopment Authority (URA). This is up 3.8 percent from the 367 units moved in December, and 17.6 percent higher than the 322 units sold in the previous year.
\nDevelopers also sold 184 EC units, down 13.6 percent from December, but 17.9 percent higher from last year, indicating more positive sentiments and outlook compared to the previous year.
\n\u201cJanuary 2017 is better than January 2016. Notwithstanding the lead-up to the Lunar New Year celebration in January, market sentiments and outlook at the onset of 2017 is clearly much more positive than the beginning of 2016, which was marred by a volatile stock market that dampened sentiments,\u201d said Ong Teck Hui, National Director, Research & Consultancy at JLL.
\nGiven the improved sentiments, Ong expects a more active first quarter this year as developers are more confident to launch new projects.
\nIn fact, Desmond Sim, Research Head for Singapore and Southeast Asia at CBRE, expects new sales in February \u201cto be higher with the launch of The Clementi Canopy and possibly Grandeur Park Residences if it is launched soon\u201d.
\nMohamed Ismail, CEO of PropNex Realty, said he also expects February \u201cto enjoy a healthy number of transactions, exceeding January\u2019s numbers, along the lines of 700 units. Whereas in March, we can expect more than 1,000 units sold\u201d.
\n\u201cThis is indeed a buyers\u2019 market which home buyers should take advantage of, while interest rates are still low,\u201d noted Ismail, who also expects developers to continue dangling incentives to move unsold units.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…New home sales up 17.6% from year ago<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Analysts expect more sales activity in the primary market this year.\u00a0 Despite the lack of...<\/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-44304","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-bwA","jetpack-related-posts":[{"id":104113,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-sales-down-28-m-o-m-in-january\/","url_meta":{"origin":44304,"position":0},"title":"Private home sales down 28% m-o-m in January","date":"February 18, 2019","format":false,"excerpt":"\r Artist\u2019s impression of Fourth Avenue Residences, one of three new projects launched in January. Developers sold 433 private homes in January, down 28 percent from the 602 units moved in December, reported Channel NewsAsia citing Urban Redevelopment Authority data. Last month\u2019s sales were also 17.8 percent lower compared to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":20896,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developer-sales-down-50-in-june\/","url_meta":{"origin":44304,"position":1},"title":"Developer sales down 50% in June","date":"July 15, 2016","format":false,"excerpt":"\r Sales of new private homes remain tepid. UPDATED: Excluding executive condominiums (ECs), property developers sold 536 new private homes last month, down 50 percent from the 1,065 units sold in May, according to fresh data released by the Urban Redevelopment Authority (URA). The significant drop in sales can be\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":117448,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/propnex-positive-of-private-home-markets-long-term-outlook\/","url_meta":{"origin":44304,"position":2},"title":"PropNex positive of private home market\u2019s long-term outlook","date":"June 30, 2020","format":false,"excerpt":"\r The real estate firm noted that the month-on-month rebound in new home sales in May and the return of homebuyers to acquire units during Phase 2 of the circuit breaker is \u201ca potential sign of underlying demand, particularly for strategically-priced units\u201d. Real estate firm PropNex expects homebuyers \u2013 especially\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":105119,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-sales-up-4-4-as-developers-offer-higher-agent-commissions\/","url_meta":{"origin":44304,"position":3},"title":"Private home sales up 4.4% as developers offer higher agent commissions","date":"March 18, 2019","format":false,"excerpt":"\r The prospect of the Cross Island Line may have also boosted sales at projects situated near upcoming stations. Despite the absence of new launches and the Lunar New Year festive lull, developers sold 455 homes in February, up 4.4 percent from January and 18.5 percent higher over the same\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":48292,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-private-home-sales-up-155-8-in-feb\/","url_meta":{"origin":44304,"position":4},"title":"New private home sales up 155.8% in Feb","date":"March 16, 2017","format":false,"excerpt":"\r The Clement Canopy was the only private condo launch in February. (Photo: UOL Group) Even with only one new project launch, the number of private residential units (excluding ECs) sold by developers rose 155.8 percent to 977 units in February 2017 from 382 in the previous month. On a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":22935,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developer-sales-more-than-doubles-in-july\/","url_meta":{"origin":44304,"position":5},"title":"Developer sales more than doubles in July","date":"August 15, 2016","format":false,"excerpt":"\r The Lake Grande project in Jurong sold 464 units last month at a median price of $1,368 psf. (Photo: Christopher Chitty) Sales of new private homes, excluding executive condominiums (ECs), more than doubled to 1,091 units in July, up from 536 units sold in the month before, according to\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\/44304"}],"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=44304"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/44304\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=44304"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=44304"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=44304"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}