{"id":46002,"date":"2017-03-01T11:30:23","date_gmt":"2017-03-01T04:30:23","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-private-home-sales-may-rise-to-9000-units-in-2017\/"},"modified":"2017-03-01T17:14:46","modified_gmt":"2017-03-01T10:14:46","slug":"new-private-home-sales-may-rise-to-9000-units-in-2017","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-private-home-sales-may-rise-to-9000-units-in-2017\/","title":{"rendered":"New private home sales may rise to 9,000 units in 2017"},"content":{"rendered":"


\nNew developments such as Grandeur Park Residences have been seeing keen interest this year. Source: CEL Development\u00a0
\nThere are signs that Singapore\u2019s private residential market may have bottomed out in 2016, with the sector recording a higher deal volume, revealed Edmund Tie & Co.
\nCiting data from the Urban Redevelopment Authority (URA), the property consultancy noted that the combined sales of new and resale private homes increased sharply by 15.5 percent to 16,378 units last year from 14,183 units in 2015. Specifically, transactions in the primary market rose marginally to 7,780 units from 7,703 previously.
\nThe URA\u2019s statistics also revealed that prices of private homes stabilised in 2016, with the sector posting a softer price drop of 3.1 percent compared to the 3.7 percent decline seen in the preceding year.
\nMoreover, the private residential market may benefit from the higher transaction volume of HDB resale flats, which rose 7.8 percent to 20,813 units last year. This is because upgraders tend to sell their public housing units before moving into private properties.
\nLooking ahead, the company expects sales of new private homes to trend upwards to 8,000 to 9,000 units for the whole of 2017. New developments that are expected to sell well this year include Guocoland\u2019s 450-unit Martin Modern in Martin Place, UOL\u2019s The Clement Canopy with 505 units in Clementi Avenue 1, the 720-unit Grandeur Park Residences by CEL Development in New Upper Changi Road, and the 840-unit Seaside Residences by Frasers Centrepoint in Siglap Road.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…New private home sales may rise to 9,000 units in 2017<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

New developments such as Grandeur Park Residences have been seeing keen interest this year. Source:...<\/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-46002","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-bXY","jetpack-related-posts":[{"id":120518,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/residential-sector-dominates-investment-sales-for-q2-2021\/","url_meta":{"origin":46002,"position":0},"title":"Residential sector dominates investment sales for Q2 2021","date":"July 14, 2021","format":false,"excerpt":"\r 7,267 units in the residential sector changed hands in Q2 2021. The residential sector accounted for 56% of the total property investment sales at $3 billion. Property investment sales in Singapore increased 15.4% quarter-on-quarter to $5.48 billion in the second quarter of 2021, with the residential sector accounting for\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/07\/HDB-flats-in-Ghim-Moh.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":94039,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-sales-down-41-7-in-june\/","url_meta":{"origin":46002,"position":1},"title":"Private home sales down 41.7% in June","date":"July 17, 2018","format":false,"excerpt":"\r Image: Riverfront (Source: Christopher Chitty) Developers sold 654 private homes (excluding executive condominiums) in June, down 41.7 percent from the 1,122 units sold in May and 20.2 percent lower over the same period last year. Colliers International research head for Singapore Tricia Song said it is the lowest monthly\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":116043,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sales-of-luxury-condo-rose-72-in-q1-despite-market-uncertainties\/","url_meta":{"origin":46002,"position":2},"title":"Sales of luxury condo rose 72% in Q1 despite market uncertainties","date":"May 4, 2020","format":false,"excerpt":"\r OrangeTee & Tie attributed the stellar sales to the new sale segment where 554 new luxury condominiums were sold in Q1 2020. Singapore\u2019s luxury home segment defied the odds of the current market uncertainties, with sales of non-landed luxury homes surging 72% year-on-year to 965 units in the first\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":111632,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-home-sales-hit-a-14-month-high-in-september\/","url_meta":{"origin":46002,"position":3},"title":"New home sales hit a 14-month high in September","date":"October 16, 2019","format":false,"excerpt":"\r Developers sold 1,270 private homes in September, driven by several new launches, including Avenue South Residence, which sold 361 units.\u00a0 \u00a0\u00a0 With developers revving up launches following the Hungry Ghost month, new private home sales in Singapore soared to its highest level in September since July 2018. Urban Redevelopment\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":117166,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-private-homes-sales-spiked-75-5-in-may\/","url_meta":{"origin":46002,"position":4},"title":"New private homes sales spiked 75.5% in May","date":"June 16, 2020","format":false,"excerpt":"\r Including ECs, 509 units were sold in May, up 73.7% month-on-month but down 46.5% year-on-year. Photo: Treasure at Tampines. Despite the closure of showflats due to the government\u2019s circuit breaker measures, sales for new private homes rose 75.5% to 486 units \u2013 excluding executive condominiums (ECs) \u2013 in May\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":104197,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/unsold-private-homes-in-the-pipeline-rose-to-34467\/","url_meta":{"origin":46002,"position":5},"title":"Unsold private homes in the pipeline rose to 34,467","date":"February 20, 2019","format":false,"excerpt":"\r The significant increase occurred as the Strata Titles Board gave its nod to more collective sales. The number of unsold private residential units in the pipeline here almost doubled from 18,891 units at the end of 2017 to 34,467 units by 31 December 2018, revealed a recent report from\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\/46002"}],"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=46002"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/46002\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=46002"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=46002"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=46002"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}