{"id":69168,"date":"2017-10-16T22:04:55","date_gmt":"2017-10-16T15:04:55","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-home-sales-slow-in-sept-due-to-ghost-month\/"},"modified":"2017-10-16T22:07:30","modified_gmt":"2017-10-16T15:07:30","slug":"new-home-sales-slow-in-sept-due-to-ghost-month","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-home-sales-slow-in-sept-due-to-ghost-month\/","title":{"rendered":"New home sales slow in Sept due to Ghost Month"},"content":{"rendered":"


\nView of private residential properties in Singapore.
\nProperty 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).
\nAnalysts attributed the big drop in sales to the lack of major new launches during the Ghost Month, which is considered an inauspicious time to buy property.
\nProperty consultancy JLL noted that the Place-8 strata landed development in Paya Lebar was the only new project to hit the market in September, selling one of its eight units at $904 psf.
\nThe best-selling private condo was the previously launched Kingsford Waterbay in Upper Serangoon, which moved 45 units at a median price of $1,289 psf.
\nOther projects that also saw good sales last month included Symphony Suites (42 units at median price of $1,098 psf) and Principal Garden (40 units at median price of $1,761 psf).
\n\u201cAccording to (URA) caveats, the majority of buyers were Singaporeans. Foreigners (non-permanent residents) were also active, buying 14 of the 40 units transacted at Principal Garden,\u201d said Dr Lee Nai Jia, head of research at Edmund Tie & Co.
\nMeanwhile, 249 executive condominium (EC) units were sold last month, a 27 percent decline from 341 in August. Parc Life in Sembawang was the most popular EC project, selling 48 units at a median price of $795 psf.
\nLooking ahead, ERA Realty key executive officer Eugene Lim predicts that new private home sales will be boosted with the launch of Parc Botannia in Sengkang next month. Jointly developed by Sing Holdings and Wee Hur, the project will comprise 735 units.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, wrote 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 slow in Sept due to Ghost Month<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

View of private residential properties in Singapore. Property developers sold 657 private housing units in...<\/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-69168","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-hZC","jetpack-related-posts":[{"id":26165,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-sales-plunge-56-as-ghost-month-deters-buyers\/","url_meta":{"origin":69168,"position":0},"title":"Private home sales plunge 56% as Ghost Month deters buyers","date":"September 15, 2016","format":false,"excerpt":"\r Crowds at the Treasure Crest showflat during the project\u2019s launch. (Photo: Sim Lian Group) Sales of new private homes, excluding executive condominiums (ECs), fell 56 percent to 473 units in August from the 1,091 units sold in the previous month, according to the Urban Redevelopment Authority\u2019s (URA) data. Analysts\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118570,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-home-sales-in-august-highest-since-september-2019\/","url_meta":{"origin":69168,"position":1},"title":"New home sales in August highest since September 2019","date":"September 10, 2020","format":false,"excerpt":"\r Domestic demand drove last month\u2019s new home sales as Singaporeans accounted for 84.7% of the total purchases. Photo: Forett at Bukit Timah Despite a combination of a gloomy economy, rising unemployment rate and the Hungry Ghost month, new home sales in Singapore hit a 11-month high in August, selling\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":71879,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developer-sales-up-15-in-october-despite-no-major-launches\/","url_meta":{"origin":69168,"position":2},"title":"Developer sales up 15% in October despite no major launches","date":"November 15, 2017","format":false,"excerpt":"\r Sophia Hills in Mount Sophia was the top-selling private residential project last month. Sales of new private homes excluding executive condominiums (ECs) rose 15.4 percent to 758 units in October from 657 in the previous month, according to data from the Urban Redevelopment Authority on Wednesday (15 November). However,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":99896,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-private-home-sales-up-51-in-sept\/","url_meta":{"origin":69168,"position":3},"title":"New private home sales up 51% in Sept","date":"October 16, 2018","format":false,"excerpt":"\r Buyers waiting for their numbers to be called during the balloting process at JadeScape\u2019s showflat. (Photo: Qingjian Realty) Private home sales in Singapore rose 51 percent in September as developers launched new projects following the Hungry Ghost month and as buyers recover from the impact of recent curbs. Urban\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":30385,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/5-best-selling-projects-in-september-2016\/","url_meta":{"origin":69168,"position":4},"title":"5 best-selling projects in September 2016","date":"October 18, 2016","format":false,"excerpt":"\r The most popular private condo last month was Lake Grande in Jurong West. (Photo: Christopher Chitty) Sales of new private homes, including executive condominiums (ECs), reached 769 units in September, according to data from the Urban Redevelopment Authority (URA). The five chart-topping projects are: 1) Treasure Crest EC (OCR)\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":20894,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/5-best-selling-projects-in-june-2016\/","url_meta":{"origin":69168,"position":5},"title":"5 best-selling projects in June 2016","date":"July 15, 2016","format":false,"excerpt":"\r Artist\u2019s impression of Kingsford Waterbay in Upper Serangoon.\u00a0 Property developers sold 536 private residential units, excluding executive condominiums (ECs) last month, down 50 percent from the 1,065 units sold in May, revealed latest data from the Urban Redevelopment Authority (URA). Including ECs, there were 768 units sold. There were\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\/69168"}],"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=69168"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/69168\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=69168"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=69168"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=69168"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}