{"id":76814,"date":"2018-01-16T11:06:56","date_gmt":"2018-01-16T04:06:56","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-sales-hit-4-year-high-in-2017\/"},"modified":"2018-01-16T12:03:01","modified_gmt":"2018-01-16T05:03:01","slug":"private-home-sales-hit-4-year-high-in-2017","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-sales-hit-4-year-high-in-2017\/","title":{"rendered":"Private home sales hit 4-year high in 2017"},"content":{"rendered":"


\nHome sales in Singapore surged to 10,682 units for the whole of 2017.
\nPrivate home sales in Singapore surged 34 percent to 10,682 units for the whole of 2017 compared to 7,972 units during the previous year, according to initial estimates from the Urban Redevelopment Authority (URA).
\nAs a result, take-up of private homes for the entire year reached its highest level since the 14,948 units sold in 2013, indicating that the city-state\u2019s private property market is on the road to recovery.
\n\u201cNew private home sales in 2017 are the strongest in four years. This reflects the upbeat demand that is supporting recovery in the residential market that has also led to prices turning around since mid-2017,\u201d said Ong Teck Hui, JLL\u2019s national director of research and consultancy.
\nMeanwhile, sales of executive condominiums last year remained stable with 4,025 new units finding buyers versus the 3,999 ECs moved in 2016.
\nIn particular, Qingjian Realty set the record for selling the most number of units last year, moving a total of 1,216 ECs and private homes. This is followed by Frasers Centrepoint (1,145 units), City Developments Limited (1,057 units), Hoi Hup Realty (845 units) and MCC Land (835 units).
\nThe top-selling projects in 2017 include CEL Development\u2019s Grandeur Park Residences with 607 units sold. This is followed by EL Development\u2019s Parc Riviera (605 units), Frasers Centrepoint\u2019s Seaside Residences (564 units), Hoi Hup Realty\u2019s Hundred Palms Residences (531 units) and Qingjian Realty\u2019s iNz Residence (480 units).
\n\u201cThe encouraging sales volume and the pickup in home prices in the second half of 2017 signalled that the private residential market has turned a corner and should continue to recover this year,\u201d noted Tricia Song, Colliers International\u2019s research head for Singapore.
\n\u201cWe estimate that about 25 major private non-landed projects with the potential to yield 15,000 to 16,000 units (excluding ECs) could be put on the market in 2018. We expect home prices to climb by five percent this year, barring any unforeseen events,\u201d she added.
\nOn the other hand, JLL\u2019s Ong reckons that between 9,000 and 10,000 private units could be launched this year, in addition to around 2,000 remaining units in previously launched projects.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Private home sales hit 4-year high in 2017<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Home sales in Singapore surged to 10,682 units for the whole of 2017. Private home...<\/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-76814","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-jYW","jetpack-related-posts":[{"id":63788,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/surging-developer-sales-point-to-further-property-market-recovery\/","url_meta":{"origin":76814,"position":0},"title":"Surging developer sales point to further property market recovery","date":"August 16, 2017","format":false,"excerpt":"\r View of private homes in Singapore. Sales of new private homes in Singapore, including executive condominium (EC) units, almost doubled to 2,086 units in July from 1,064 units in the previous month, data released on Tuesday (15 August) by the Urban Redevelopment Authority showed. For the first seven months\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":74766,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-sales-to-cool-down-in-dec-jan\/","url_meta":{"origin":76814,"position":1},"title":"Private home sales to cool down in Dec, Jan","date":"December 18, 2017","format":false,"excerpt":"\r Parc Botannia is a 99-year leasehold condominium development located at Fernvale Rd in District 28. Excluding executive condominiums (ECs), private home sales in Singapore slightly increased to 785 units in November compared to 760 units in the prior month, according to data from the Urban Redevelopment Authority (URA). On\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":44316,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/capitalands-q4-earnings-surged-by-73-8\/","url_meta":{"origin":76814,"position":2},"title":"CapitaLand\u2019s Q4 earnings surged by 73.8%","date":"February 16, 2017","format":false,"excerpt":"\r Artist\u2019s impression of D1MENSION, a new residential project being developed by CapitaLand in Vietnam. Source: CapitaLand CapitaLand\u2019s net profit soared 73.8 percent year-on-year to S$430.5 million in the fourth quarter of 2016 due to better operating performance, leading to an 11.7 percent increase in the full-year figure to S$1.19\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":117830,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-private-home-sales-soar-104-9-in-june-2020\/","url_meta":{"origin":76814,"position":3},"title":"New private home sales soar 104.9% in June 2020","date":"July 16, 2020","format":false,"excerpt":"\r New private home sales surged after the lifting of the circuit breaker measures. Photo: Treasure at Tampines was the best-selling project in June.\u00a0 Sales of new private homes in Singapore more than doubled in June from May, hitting the highest monthly sales since November 2019 and the highest June\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8140,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developer-sales-down-almost-23-from-year-ago\/","url_meta":{"origin":76814,"position":4},"title":"Developer sales down almost 23% from year ago","date":"March 16, 2016","format":false,"excerpt":"\r The best-selling project in February was The Panorama in Ang Mo Kio. 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