{"id":58034,"date":"2017-06-16T00:00:25","date_gmt":"2017-06-15T17:00:25","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-private-home-sales-down-34-in-may\/"},"modified":"2017-06-16T00:08:44","modified_gmt":"2017-06-15T17:08:44","slug":"new-private-home-sales-down-34-in-may","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-private-home-sales-down-34-in-may\/","title":{"rendered":"New private home sales down 34% in May"},"content":{"rendered":"


\nArtist\u2019s impression of Parc Riviera at West Coast Vale.
\nProperty developers in Singapore sold 1,024 private homes in May, down 34 percent from 1,558 units in April, according to latest numbers from the Urban Redevelopment Authority.
\nUnlike the previous month which saw two major projects hit the market \u2013 Seaside Residences and Artra, the lack of new launches in May contributed to the drop in sales.
\nDespite the slowdown, several previously launched projects managed to find buyers.
\nParc Riviera led the private condominium segment with 83 units sold at a median price of $1,246 psf, followed by The Santorini (64 units at a median price of $1,022 psf), Commonwealth Towers (53 units at a median price of $1,841 psf), Kingsford Waterbay (51 units at a median price of $1,162 psf) and Sims Urban Oasis (51 units at a median price of $1,387 psf).\u00a0 \u00a0
\nLast month, developers also sold 370 executive condominium (EC) units, a public-private housing hybrid. The bulk of sales came from Sol Acres EC, which happened to be the best-selling residential project. Located in Choa Chu Kang, it moved 116 units at a median price of $794 psf. \u00a0
\nMeanwhile, home sales activity in June is expected to cool further due to the school holidays, noted Tay Huey Ying, Head of Research & Consultancy at JLL Singapore.
\nBut she added: \u201cSales volume should rebound in July as developers rush to launch projects and buyers rush to pick up units ahead of the lunar seventh month (22 August to 19 September) \u2013 typically considered an inauspicious period by the Chinese for making large financial commitments.\u201d \u00a0Three major projects are expected to launch in July \u2013 Hundred Palms Residences EC in Yio Chu Kang Road, Martin Modern in Martin Place and Le Quest in Bukit Batok, which are expected to yield a total of 1,497 homes. \u00a0
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, wrote 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 down 34% in May<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Artist\u2019s impression of Parc Riviera at West Coast Vale. Property developers in Singapore sold 1,024...<\/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-58034","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-f62","jetpack-related-posts":[{"id":38270,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/5-best-selling-condos-in-november-2016\/","url_meta":{"origin":58034,"position":0},"title":"5 best-selling condos in November 2016","date":"December 16, 2016","format":false,"excerpt":"\r Artist\u2019s impression of Queens Peak, the top seller in November. Two new private condominiums were launched last month \u2013 Parc Riviera and Queens Peak. Both projects sold a total of 399 units, but sales were also recorded at previously launched developments. The top-selling condos in November were: 1) Queens\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":40878,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-private-home-sales-hits-3-year-high\/","url_meta":{"origin":58034,"position":1},"title":"New private home sales hits 3-year high","date":"January 17, 2017","format":false,"excerpt":"\r Singapore developers sold a higher number of units last year due to the more affordable prices at new launches. \u00a0 Sales of new private homes, including executive condominiums (ECs), climbed to a high of 12,408 units compared to the 9,026 and 10,199 units transacted in 2014 and 2015 respectively,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":69168,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-home-sales-slow-in-sept-due-to-ghost-month\/","url_meta":{"origin":58034,"position":2},"title":"New home sales slow in Sept due to Ghost Month","date":"October 16, 2017","format":false,"excerpt":"\r View of private residential properties in Singapore. Property developers sold 657 private housing units in September, down 47.3 percent from 1,246 units in the previous month, according to data released on Monday (16 October) by the Urban Redevelopment Authority (URA). Analysts attributed the big drop in sales to the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":52343,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/best-selling-projects-in-march\/","url_meta":{"origin":58034,"position":3},"title":"Best-selling projects in March","date":"April 20, 2017","format":false,"excerpt":"\r Clear skies for Singapore\u2019s private property market. \u00a0 Private home sales here soared to its highest monthly level in March since June 2013 thanks to a more positive economic outlook, according to a report from Colliers International. \u00a0 Based on data from the Urban Redevelopment Authority (URA), transaction volume\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":113658,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-private-home-sales-drop-53-1-in-december\/","url_meta":{"origin":58034,"position":4},"title":"New private home sales drop 53.1% in December","date":"January 16, 2020","format":false,"excerpt":"\r Parc Botannia sold the most units in December 2019.\u00a0 \u00a0 With 370 residential units launched in December, developers sold 538 new private homes last month, down 53.1% month-on-month and 10.6% year-on-year, according to developers\u2019 monthly sales data released by the Urban Redevelopment Authority (URA).\u00a0\u00a0 Last month\u2019s top-selling projects were:\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2020\/01\/Top-selling-projects-in-december-2019-ura.png?fit=820%2C407&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":30331,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ecs-the-driving-force-in-new-home-sales\/","url_meta":{"origin":58034,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/58034"}],"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=58034"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/58034\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=58034"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=58034"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=58034"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}