{"id":71879,"date":"2017-11-15T15:28:10","date_gmt":"2017-11-15T08:28:10","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/developer-sales-up-15-in-october-despite-no-major-launches\/"},"modified":"2017-11-15T16:02:45","modified_gmt":"2017-11-15T09:02:45","slug":"developer-sales-up-15-in-october-despite-no-major-launches","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developer-sales-up-15-in-october-despite-no-major-launches\/","title":{"rendered":"Developer sales up 15% in October despite no major launches"},"content":{"rendered":"


\nSophia Hills in Mount Sophia was the top-selling private residential project last month.
\nSales 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).
\nHowever, developer sales fell 39.5 percent from the 1,253 units sold in October 2016 when Forest Woods and The Alps Residences were launched.\u00a0
\nDespite the lack of new major launches last month, analysts noted that the residential market remains buoyant.
\n\u201cThere is a stronger sense of urgency amongst buyers as they are sensing that developers are likely to increase prices of existing projects in tandem to new project launches in 2018,\u201d said Mohamed Ismail, CEO of PropNex Realty.
\nTricia Song, research head at Colliers International Singapore, noted that some buyers returned to the market following the end of the Ghost Month in September.\u00a0\u00a0\u00a0\u00a0
\nThe two most popular condominiums last month \u2013 Sophia Hills at Mount Sophia and Martin Modern in Robertson Quay \u2013 are both located in the Core Central Region (CCR).\u00a0
\nSophia Hills sold 62 units at a median price of $2,029 psf while Martin Modern moved 47 units at a median price of $2,343 psf.
\nPropNex revealed that the CCR remains a sought-after location for home buyers.
\n\u201cToday\u2019s CCR property prices, averaging between $2,000 psf to $2,300 psf, are deemed very attractive because 2018 new launches in the Rest of Central Region (RCR) are predicted to hit well above $1,700 psf, thus narrowing the price gap in these two regions,\u201d said Ismail.
\n\u201cMany home investors are seeing the CCR value entry prices now, hence these properties are going to continue to pick up in the next few months.\u201d
\nSong expects the momentum in November to rise due to good sales seen at the recent launch of Parc Botannia. The project in Sengkang sold about 230 units at an average price of $1,270 psf.
\nShe thinks that new private home sales could hit 11,000 units for the whole of 2017, up 38 percent from 7,972 units last year.
\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…Developer sales up 15% in October despite no major launches<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Sophia Hills in Mount Sophia was the top-selling private residential project last month. Sales of...<\/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-71879","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-iHl","jetpack-related-posts":[{"id":73698,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-sales-rose-15-4-in-oct\/","url_meta":{"origin":71879,"position":0},"title":"Private home sales rose 15.4% in Oct","date":"December 5, 2017","format":false,"excerpt":"\r Despite some developers holding back their launches, private home sales still rose 15.4 percent in October on a monthly basis thanks to robust demand for previously unveiled units, reported the Singapore Business Review, citing data from OrangeTee. Overall, 758 previously launched residential properties were sold during the month. In\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":112446,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-sales-drop-27-in-october\/","url_meta":{"origin":71879,"position":1},"title":"Private home sales drop 27% in October","date":"November 18, 2019","format":false,"excerpt":"\r However, the sales figures still show an\u00a084.9% increase compared to a year ago. New private home sales in Singapore fell 27% in October from September, reported Channel News Asia, according to data released by the\u00a0Urban Redevelopment Authority (URA). According to URA data,\u00a0developers only sold 928 units in October (955\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":101326,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-private-home-sales-down-48-in-oct\/","url_meta":{"origin":71879,"position":2},"title":"New private home sales down 48% in Oct","date":"November 16, 2018","format":false,"excerpt":"\r 10 Evelyn in Newton was the only residential project launched last month. Excluding executive condominiums (ECs), private home sales declined by almost 48 percent to 487 units in October compared to 932 units in the month before. On an annual basis, sales fell by 36 percent from 761 units,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":164413,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sobha-realty-launches-the-mirage-at-sobha-central-after-aed3-5-billion-sales-milestone\/","url_meta":{"origin":71879,"position":3},"title":"Sobha Realty launches The Mirage at Sobha Central after AED3.5 billion sales milestone","date":"November 10, 2025","format":false,"excerpt":"\r Record-breaking sales of more than 1,500 units at Sobha Central leads the developer to launch new 677-home residential tower within its flagship Sheikh Zayed Road development The post Sobha Realty launches The Mirage at Sobha Central after AED3.5 billion sales milestone appeared first on Arabian Business: Latest News on\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2025\/11\/The-Mirage-at-Sobha-Central-1000x667-1.jpg?fit=1000%2C667&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":8152,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/wandervales-sales-outperform-ec-launches-in-2015\/","url_meta":{"origin":71879,"position":4},"title":"Wandervale\u2019s sales outperform EC launches in 2015","date":"March 11, 2016","format":false,"excerpt":"\r Prospective buyers looking at a model of Wandervale. 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