{"id":79856,"date":"2018-02-14T14:11:39","date_gmt":"2018-02-14T07:11:39","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-private-home-sales-up-37-from-a-year-ago\/"},"modified":"2018-02-14T15:05:37","modified_gmt":"2018-02-14T08:05:37","slug":"new-private-home-sales-up-37-from-a-year-ago","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-private-home-sales-up-37-from-a-year-ago\/","title":{"rendered":"New private home sales up 37% from a year ago"},"content":{"rendered":"


\nSymphony Suites sold 65 units in the month of January, making it the most popular project.\u00a0
\nProperty developers sold 522 new private homes excluding executive condominiums (ECs) in January 2018, up 21 percent from 431 units in the month before, according to data published by the Urban Redevelopment Authority (URA) on Wednesday (14 February).
\nYear-on-year, there was a 37 percent increase from the 382 units sold in January 2017.
\nAccording to property agency PropNex Realty, last month\u2019s sales tally is the highest for the month of January since 2015. However, it is still lower than the average monthly figure as most developers only plan to launch their projects after Chinese New Year.
\n\u201cUsually the months of December and January are the slower months with lesser property activities,\u201d said PropNex CEO Ismail Gafoor.
\n\u201cHowever, a closer look at the figures comparing with the past few years, it seems to depict that January 2018 is gaining momentum with home buyers and upgraders making their move to purchase existing stocks of private homes available which are rightly priced, before prices are predicted to go up in the later part of this year.\u201d\u00a0\u00a0
\nThe top-selling project in the month was the previously launched Symphony Suites in Yishun, which sold 65 units at a median price of $1,085 psf. This was followed by Gem Residences in Toa Payoh, which moved 44 units at a median price of $1,508 psf. Parc Botannia in Sengkang was next with 43 units sold at a median price of $1,265 psf.\u00a0
\nIsmail expects to see more transactions after Chinese New Year as developers gear up to launch several new projects including The Tapestry at Tampines Avenue 10, The Enclave @ Holland and possibly Rivercove Residences EC in Sengkang.
\n\u201cActivities in the market will pick up from March onwards with transactions along the lines of 1,000 units,\u201d he noted.
\nIsmail predicts that some 12,000 units (excluding ECs) will be sold in 2018, similar to last year.\u00a0
\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 private home sales up 37% from a year ago<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Symphony Suites sold 65 units in the month of January, making it the most popular...<\/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-79856","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-kM0","jetpack-related-posts":[{"id":117448,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/propnex-positive-of-private-home-markets-long-term-outlook\/","url_meta":{"origin":79856,"position":0},"title":"PropNex positive of private home market\u2019s long-term outlook","date":"June 30, 2020","format":false,"excerpt":"\r The real estate firm noted that the month-on-month rebound in new home sales in May and the return of homebuyers to acquire units during Phase 2 of the circuit breaker is \u201ca potential sign of underlying demand, particularly for strategically-priced units\u201d. Real estate firm PropNex expects homebuyers \u2013 especially\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":79856,"position":1},"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. New private home sales in Singapore fell by 22.8 percent to 301 units in February 2016, from 390 units in the same period last year, according to data released by the Urban Redevelopment Authority (URA) on Tuesday,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":44304,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-home-sales-up-17-6-from-year-ago\/","url_meta":{"origin":79856,"position":2},"title":"New home sales up 17.6% from year ago","date":"February 16, 2017","format":false,"excerpt":"\r Analysts expect more sales activity in the primary market this year.\u00a0 Despite the lack of new project launches, developers sold 381 private residential units in January, excluding executive condominiums (ECs), according to latest data from the Urban Redevelopment Authority (URA). This is up 3.8 percent from the 367 units\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":22935,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developer-sales-more-than-doubles-in-july\/","url_meta":{"origin":79856,"position":3},"title":"Developer sales more than doubles in July","date":"August 15, 2016","format":false,"excerpt":"\r The Lake Grande project in Jurong sold 464 units last month at a median price of $1,368 psf. 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