{"id":70842,"date":"2017-11-03T09:22:16","date_gmt":"2017-11-03T02:22:16","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/landed-home-sales-surge-as-prices-drop-to-attractive-levels\/"},"modified":"2017-11-03T11:03:29","modified_gmt":"2017-11-03T04:03:29","slug":"landed-home-sales-surge-as-prices-drop-to-attractive-levels","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/landed-home-sales-surge-as-prices-drop-to-attractive-levels\/","title":{"rendered":"Landed home sales surge as prices drop to attractive levels"},"content":{"rendered":"


\nThe ongoing recovery in the housing market saw landed home sales surge in the first 10 months of 2017 as landed property prices fell to attractive levels from their Q3 2013 peak, reported Business Times.
\nBetween January and October, the number of landed homes sold stood at 1,513 units, up 50 percent from the 1,009 units moved over the same period last year.
\nBased on Savills Singapore\u2019s analysis of caveats data from URA Realis data, the value of transactions rose 41.1 percent from $4.3 billion to $6.1 billion.
\nThe preliminary figure for the period have also surpassed the result for the full-year 2016 at 1,187 units, sold at $5.1 billion.
\nThe hike in transaction comes as landed residential properties registered a bigger price drop compared to non-landed private homes over 15 quarters before prices increased in Q3, said Savills Singapore research head, Alan Cheong.
\nHe noted that the narrowed price difference between the two categories improved the attractiveness of landed homes.
\nNotably, URA\u2019s price index for landed homes fell 16 percent between Q4 2013 and Q2 2017, while its non-landed private home price index contracted by only 10.2 percent.
\n\u201cTo some extent, buyers seem to have returned to the market with a vengeance, with sentiment buoyed by all the positive news about overall sales volume, record land prices, the influx of en bloc millionaires seeking replacement homes and improvements in the economy,\u201d said Knight Frank Singapore executive director of residential sales and leasing Tay Kah Poh.
\nCheong believes demand for landed properties in Singapore is \u201cpartly aspirational\u201d as owning a landed home is still ranked high within the hierarchy of housing wants of Singaporeans.
\nMoreover, the overextended downturn in the property cycle has \u201cunbottled pent-up demand for those wanting to buy a landed home\u201d, he said.
\n\u00a0
\nThis article was edited by Keshia Faculin.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Landed home sales surge as prices drop to attractive levels<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The ongoing recovery in the housing market saw landed home sales surge in the first...<\/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-70842","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-iqC","jetpack-related-posts":[{"id":122568,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/demand-for-private-homes-remain-strong-in-q3\/","url_meta":{"origin":70842,"position":0},"title":"Demand for private homes remain strong in Q3","date":"October 13, 2021","format":false,"excerpt":"\r Despite fewer projects launched in Q3 2021,\u00a0there were 3,358 new sale transactions, up from 2,838 in Q2 2021. Singapore saw no significant drop in demand for private homes during the third quarter of 2021, even as the city-state reverted to Phase 2 (Heightened Alert) from 22 July to 18\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/10\/Singapore-Condo.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":122757,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-prices-up-1-1-in-q3\/","url_meta":{"origin":70842,"position":1},"title":"Private home prices up 1.1% in Q3","date":"October 22, 2021","format":false,"excerpt":"\r Quarter-on-quarter, private home prices\u00a0went up by\u00a01.1% and resale transactions increased to 5,362 units from 5,333 units. Private home prices in Singapore increased 1.1% in the third quarter of 2021, higher than the 0.8% hike registered in the previous quarter, showed Urban Redevelopment Authority (URA) data on Friday (22 October).\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/10\/Buildings-singapore.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":113825,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-prices-up-2-7-in-2019\/","url_meta":{"origin":70842,"position":2},"title":"Private home prices up 2.7% in 2019","date":"January 23, 2020","format":false,"excerpt":"\r On a quarterly basis, private home prices climbed 0.5% in the fourth quarter of 2019, continuing the 1.3% increase seen in the previous quarter. The private homes prices in Singapore rose 2.7% in 2019, down from the 7.9% hike previously registered in 2018, according to the latest private home\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":111882,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-prices-hdb-resale-prices-up-in-q3-2019\/","url_meta":{"origin":70842,"position":3},"title":"Private home prices, HDB resale prices up in Q3 2019","date":"October 25, 2019","format":false,"excerpt":"\r Meanwhile, buyer demand for\u00a0HDB resale flats has remained surprisingly resilient, with 6,264 resale flats changing hands, which is almost on par with the 6,276 units transacted in Q2 2019. 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By value, this respectively translates to a 40.3 percent and 166.8 percent surge from the prior quarter and same period a year ago.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":70388,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/spore-sees-first-home-price-hike-in-4-years\/","url_meta":{"origin":70842,"position":5},"title":"S\u2019pore sees first home price hike in 4 years","date":"October 30, 2017","format":false,"excerpt":"\r Overall prices of private homes in Singapore rose for the first time in nearly four years after it edged up by 0.7 percent in Q3 2017 compared with the 0.1 percent dip in the prior quarter, according to the latest statistics from the Urban Redevelopment Authority (URA). 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