{"id":52167,"date":"2017-04-18T12:45:11","date_gmt":"2017-04-18T05:45:11","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-sales-soared-81-8-in-march\/"},"modified":"2017-04-18T13:39:30","modified_gmt":"2017-04-18T06:39:30","slug":"private-home-sales-soared-81-8-in-march","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-sales-soared-81-8-in-march\/","title":{"rendered":"Private home sales soared 81.8% in March"},"content":{"rendered":"


\nNew private homes saw stronger sales since Total Debt Servicing Ratio was introduced.
\n\u00a0
\nDevelopers saw new private home sales soar 81.8 percent to 1,780 units in March from 979 units in February.
\n\u00a0
\nOn an annual basis, private home sales surged 111.2 percent from the 843 units sold over the same period last year.
\n\u00a0
\nJLL noted that the figure is also the highest since June 2013, when sales were still buoyant just before the imposition of the Total Debt Servicing Ratio (TDSR) at the end of June that year.
\n\u00a0
\n\u201cThis is the most significant month since June 2013 with primary market sales of private homes harking back to pre-TDSR levels. Not only are new launches doing well, but previously launched projects as well, since half of the March private home sales are attributable to such projects,\u201d said JLL national director of research & consultancy Ong Teck Hui.
\n\u00a0
\nGrandeur Park Residences emerged as the top-selling project in March, with 480 units sold, followed by Park Place Residences at PLQ (217 units sold) and Parc Riviera (163 units).
\n\u00a0
\nFor executive condominiums (ECs), developers sold 578 units, up 75.7 percent from the previous month and 19.2 percent over the same period last year.
\n\u00a0
\niNz Residence emerged as the best-selling EC project with 187 units sold, followed by Sol Acres and The Visionaire.
\n\u00a0
\n\u201cThe demand pick-up has led numerous previously launched projects to confidently release more units for sale as seen in The Trilinq, Parc Riviera, The Springside\/Brooks I & II, Marine Blue, Kingsford Waterbay, Highline Residences and Stars of Kovan which released between 50 and 105 units each in March,\u201d revealed Ong.
\n\u00a0
\n\u201cThis is reflective of a broad-based improvement in demand with buyers not just attracted to newly launched projects but to those launched previously as well.\u201d
\n\u00a0
\nOng believe that the recent easing of the Total Debt Servicing Ratio and Seller\u2019s Stamp Duty would have had a positive effect on new home sales during the month following its announcement on 10 March.
\n\u00a0
\n\u201cIn 2016, sales volume was improving gradually as price declines moderated. If the current upbeat trend of new home sales continues, it could mark a new phase in the market, characterized by stronger sales volume, prices bottoming and turning the corner,\u201d he added.
\n\u00a0
\nPropNex CEO Mohamed Ismail expects the trend to continue in Q2 where buyers are prepared to purchase units that are rightly priced.
\n\u00a0
\n\u201cWith the strong pitch for the recent private units sold, the market is heading towards recovery and further price increase in the near future. Buyers today are taking advantage of the current pricing before any possible upwards of price increase with stronger demands.\u201d
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Private home sales soared 81.8% in March<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

New private homes saw stronger sales since Total Debt Servicing Ratio was introduced. \u00a0 Developers...<\/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-52167","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-dzp","jetpack-related-posts":[{"id":61008,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-homes-sales-up-73-in-1h-2017\/","url_meta":{"origin":52167,"position":0},"title":"Private homes sales up 73% in 1H 2017","date":"July 18, 2017","format":false,"excerpt":"\r \u00a0 Despite the 21.1 percent month-on-month drop in the number of units sold last month, developers still managed to sell 6,388 private homes during the first half of 2017, up 73.8 percent over the same period last year, reported Business Times citing Urban Redevelopment Authority (URA) preliminary data. On\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":38189,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/property-auction-sales-up-significantly-in-q4\/","url_meta":{"origin":52167,"position":1},"title":"Property auction sales up significantly in Q4","date":"December 15, 2016","format":false,"excerpt":"\r Q4 auction sales accounted for over half of total sales in 2016. (Photo: JLL) Property auction sales for the fourth quarter of 2016 exceeded expectations, with total sales at $47.2 million, or 51 percent of this year\u2019s tally, said property consultancy JLL. The figure is more than three times\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":47843,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/analysts-dont-see-significant-impact-of-tweaking-cooling-measures\/","url_meta":{"origin":52167,"position":2},"title":"Analysts don\u2019t see significant impact of tweaking cooling measures","date":"March 13, 2017","format":false,"excerpt":"\r The latest policy relaxation is seen as the beginning of the unwinding of cooling measures, an analyst said. Although analysts welcomed the move to ease the Seller\u2019s Stamp Duty (SSD) and the Total Debt Servicing Ratio (TDSR) framework, they do not expect the latest measures to have a significant\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":70386,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developers-prefer-leasehold-properties-in-current-en-bloc-boom\/","url_meta":{"origin":52167,"position":3},"title":"Developers prefer leasehold properties in current en bloc boom","date":"October 30, 2017","format":false,"excerpt":"\r The current en bloc frenzy has bucked the trend as developers favoured leasehold properties over freehold ones, reported the Business Times. A Cushman & Wakefield study showed that the proportion of leasehold residential properties sold en bloc \u2013 by number of units \u2013 has risen to 92 percent in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":47961,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/no-buying-frenzy-despite-easing-of-property-cooling-measures\/","url_meta":{"origin":52167,"position":4},"title":"No buying frenzy despite easing of property cooling measures","date":"March 14, 2017","format":false,"excerpt":"\r Sales at some new launches in Singapore continue to move slowly despite the recent tweaking of property curbs. The easing of some property cooling measures last week has not propelled demand for private homes, reported the Straits Times. 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The study found that\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\/52167"}],"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=52167"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/52167\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=52167"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=52167"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=52167"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}