{"id":76090,"date":"2018-01-09T10:54:31","date_gmt":"2018-01-09T03:54:31","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapores-unsold-units-at-seven-year-low-in-q3-2017\/"},"modified":"2018-01-09T11:04:00","modified_gmt":"2018-01-09T04:04:00","slug":"singapores-unsold-units-at-seven-year-low-in-q3-2017","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapores-unsold-units-at-seven-year-low-in-q3-2017\/","title":{"rendered":"Singapore\u2019s unsold units at seven-year low in Q3 2017"},"content":{"rendered":"


\nWith the improved buyer sentiment over the recent months, unsold home inventory in Singapore fell to a seven-year low at 16,031 units during the third quarter of 2017, reported Singapore Business Review citing Jefferies Singapore Limited.
\nTotal transactions volumes, on the other hand, rose 54 percent year-on-year in the first ten months of 2017. In fact, quarterly resale volumes have already reached 2012 levels, while primary home sale volumes are expected to catch up this year.
\nThe rental market, however, remains weak, said Jefferies.
\nIt noted that while vacancy rates dropped from its Q2 2016 peak of 8.9 percent, it remained relatively high at 8.4 percent in Q3 2017 compared with Q1 2013\u2019s 5.2 percent and the average rate of about 6.5 percent over the past decade.
\nNotably, over 30,000 private homes were vacant in Q3 2017, with rents remaining unchanged from the previous quarter.
\nMeanwhile, private residential units in the pipeline stood at 43,054 as at Q3 2017.
\nJefferies expect the redevelopment of en bloc sites and the supply from GLS sites to potentially add another 20,000 new private homes.
\nThese would increase the number of unsold units currently in the pipeline by more than double in the next one to two years.
\nFor the first half of 2018, Jefferies expect the housing units to stand at the same level as at the second half of 2017.
\n\u00a0
\nThis article was edited by Keshia Faculin.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Singapore\u2019s unsold units at seven-year low in Q3 2017<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

With the improved buyer sentiment over the recent months, unsold home inventory in Singapore fell...<\/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-76090","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-jNg","jetpack-related-posts":[{"id":37418,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cdl-to-benefit-from-improving-market-sentiment\/","url_meta":{"origin":76090,"position":0},"title":"CDL to benefit from improving market sentiment","date":"December 8, 2016","format":false,"excerpt":"\r CDL has the largest available land bank and unsold inventory, with an estimated 2,909 units worth $5.8 billion. Improving sentiment in the housing market will likely benefit City Developments Limited (CDL), as it remains the developer with the most available inventory, with much of its land bank purchased at\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":112740,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mas-cautions-property-buyers-as-number-of-new-launches-racks-up\/","url_meta":{"origin":76090,"position":1},"title":"MAS cautions property buyers as number of new launches racks up","date":"November 29, 2019","format":false,"excerpt":"\r \u00a0 Prospective home buyers should take extra precaution before\u00a0taking a home loan to finance their property purchase, given the economy\u2019s uncertainty and softening labour market, the Monetary Authority of Singapore (MAS) advised in its annual Financial Stability Review that was released 28 November. In the review, the MAS\u00a0made reference\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2019\/11\/condo-sales-q3-2019.png?fit=1150%2C1200&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":112474,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/condominium-resales-fall-8-5-in-q3-2019\/","url_meta":{"origin":76090,"position":2},"title":"Condominium resales fall 8.5% in Q3 2019","date":"November 19, 2019","format":false,"excerpt":"\r The Rest of Central Region (RCR) recorded the biggest resale drop of 10.7%. Island-wide condominium resale volumes in Q3 2019 dropped 8.5% quarter-on-quarter (QoQ) to 1,855 units, compared to 22% QoQ in Q2 2019, reported Singapore Business Review citing Edmund Tie. Ong Choon Fah, Edmund Tie CEO, believes the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":122757,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-prices-up-1-1-in-q3\/","url_meta":{"origin":76090,"position":3},"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. 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Private residential property prices grew at a much slower pace in the third quarter of 2018 as the government\u2019s latest round of property cooling measures in July took their toll. The Urban\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":113098,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/growth-in-private-home-prices-still-possible-in-2020-say-experts\/","url_meta":{"origin":76090,"position":5},"title":"Growth in private home prices still possible in 2020, say experts","date":"December 16, 2019","format":false,"excerpt":"\r \u00a0 Private home prices in Singapore is expected to grow modestly in 2020 amid resilient rental demand, according to property analysts and experts. 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