{"id":61008,"date":"2017-07-18T09:59:16","date_gmt":"2017-07-18T02:59:16","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-homes-sales-up-73-in-1h-2017\/"},"modified":"2017-07-18T10:09:10","modified_gmt":"2017-07-18T03:09:10","slug":"private-homes-sales-up-73-in-1h-2017","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-homes-sales-up-73-in-1h-2017\/","title":{"rendered":"Private homes sales up 73% in 1H 2017"},"content":{"rendered":"


\n\u00a0
\nDespite 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.
\nOn a quarterly basis, private home sales increased 15.7 percent quarter-on-quarter and 51.9 percent year-on-year to 3,426 units in Q2.
\nJLL described the Q2 2017 figure as the strongest since Q2 2013, before the government introduced the total debt servicing ratio (TDSR) framework.
\nThe 6,388 units transacted in 1H 2017, on the other hand, marked a significant recovery from 2H 2014\u2019s 2,907 units sold, albeit still lower than the 9,950 units moved in 1H 2013 before the TDSR kicked in.
\n\u201cThis analysis points towards a market that has regained confidence and recovered substantially in transaction volume,\u201d said Ong Teck Hui, JLL\u2019s national director.
\nOn the executive condominium (EC) market front, developers moved 992 units in Q2, down from the 1,072 units sold during the previous quarter and the 1,105 units transacted over the same period last year.
\nThe 2,064 units sold in 1H 2017 is a little over half the 3,999 units transacted in the whole of last year.
\nWith this, Mohamed Ismail, chief executive of PropNex Realty, expects developers to sell around 3,500 units by year-end, while Eugene Lim, ERA Realty Network\u2019s key executive officer, forecast between 3,000 and 4,000.
\nExcluding ECs, Lim expects developers to sell between 10,000 and 12,000 private homes, while Ismail predicts over 11,500 units, on the back of the current positive market sentiment. Predicting the figure to hit 12,500, Ong expects URA\u2019s benchmark private home price index to bottom by year-end or early-2018.
\n\u00a0
\nThis article was edited by Denise Djong.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Private homes sales up 73% in 1H 2017<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a0 Despite the 21.1 percent month-on-month drop in the number of units sold last month,...<\/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-61008","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-fS0","jetpack-related-posts":[{"id":108616,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-prices-unexpectedly-climbed-1-3-in-q2\/","url_meta":{"origin":61008,"position":0},"title":"Private home prices unexpectedly climbed 1.3% in Q2","date":"July 2, 2019","format":false,"excerpt":"\r After two consecutive quarters of contraction, private home prices in Singapore unexpectedly increased in the second quarter of 2019.\u00a0The private residential property price index rose 1.3 percent in Q2,\u00a0flash estimates from the Urban Redevelopment Authority (URA) showed. 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This marks the Singapore-listed property developer\u2019s third acquisition in August 2018\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118512,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/huttons-en-bloc-cycle-might-start-in-2021\/","url_meta":{"origin":61008,"position":5},"title":"Huttons: En bloc cycle might start in 2021","date":"September 4, 2020","format":false,"excerpt":"\r \u201cThe last en bloc cycle started in 2016. 2021 marks the fifth year from 2016 and most, if not all developers would have sold out their units.\u201d With the number of uncompleted unsold units continuing to trend downwards, Huttons Asia sees a potential en bloc cycle next year. \u201cThe\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\/61008"}],"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=61008"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/61008\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=61008"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=61008"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=61008"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}