{"id":96183,"date":"2018-08-17T11:06:10","date_gmt":"2018-08-17T04:06:10","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/august-property-sales-to-fall-as-buyers-postpone-purchases\/"},"modified":"2018-08-17T12:03:11","modified_gmt":"2018-08-17T05:03:11","slug":"august-property-sales-to-fall-as-buyers-postpone-purchases","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/august-property-sales-to-fall-as-buyers-postpone-purchases\/","title":{"rendered":"August property sales to fall as buyers postpone purchases"},"content":{"rendered":"


\nWith buyers holding back purchases during the hungry ghost month, analysts expect property sales for August to be sluggish, reported Singapore Business Review.
\nColliers International even expects the significant drop in sales to continue to September as the buyers\u2019 knee-jerk reaction to the new housing curbs add up to the annual ghost month trend.
\nSingapore\u2019s property market registered a median decline of 2.1 percent in August for the past 10 years.
\n\u00a0\u201cThat said, we do not rule out some developers potentially delaying launches as they reassess the market and re-strategise after the measures were rolled out,\u201d said Colliers International.
\nChristine Sun, head of research and consultancy at OrangeTee and Tie, noted that many developers are \u201cgoing ahead with their launches from October, including Jadescape, The Jovell, Parc Esta, Kent Ridge Hill Residences, Treasures at Tampines and The Woodleigh Residences\u201d.
\nWhile it expects property sales for August to fall, Colliers International sees home sales for this year to reach 8,500 to 9,000 units, excluding executive condos (ECs). The figure is down 15 to 20 percent from the 10,555 units sold in 2017.
\nThe company expects ECs to be completely sold out by end-August, while the next EC to be launched is the Sumang Walk project next year.
\nEugenia Rosaline Shlaen edited this story. To contact her about this or other stories, email eugenia@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…August property sales to fall as buyers postpone purchases<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

With buyers holding back purchases during the hungry ghost month, analysts expect property sales for...<\/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-96183","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-p1l","jetpack-related-posts":[{"id":110797,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-sales-remain-strong-in-august\/","url_meta":{"origin":96183,"position":0},"title":"Private home sales remain strong in August","date":"September 16, 2019","format":false,"excerpt":"\r Urban Redevelopment Authority\u2019s (URA) Realis data showed that developers sold 1,122 new homes in August, excluding executive condominiums (ECs). Including ECs, developers moved 1,167 units. Private home sales volume appeared to remain robust in August, despite it being a typically slow sales month. \u201cDemand in August seemed to have\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":94039,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-sales-down-41-7-in-june\/","url_meta":{"origin":96183,"position":1},"title":"Private home sales down 41.7% in June","date":"July 17, 2018","format":false,"excerpt":"\r Image: Riverfront (Source: Christopher Chitty) Developers sold 654 private homes (excluding executive condominiums) in June, down 41.7 percent from the 1,122 units sold in May and 20.2 percent lower over the same period last year. Colliers International research head for Singapore Tricia Song said it is the lowest monthly\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":110877,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/parc-clematis-accounted-for-28-17-of-augusts-sales\/","url_meta":{"origin":96183,"position":2},"title":"Parc Clematis accounted for 28.17% of August\u2019s sales","date":"September 18, 2019","format":false,"excerpt":"\r According to reports, buyers generally remained price-sensitive and value-discerning, opting for projects near transport links and priced at affordable quantum. Parc Clematis, the top selling private residential project in August, accounted for 28.17 percent of the 1,122 units sold last month. Located at Jalan Empeng, the 99-year leasehold development\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":111632,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-home-sales-hit-a-14-month-high-in-september\/","url_meta":{"origin":96183,"position":3},"title":"New home sales hit a 14-month high in September","date":"October 16, 2019","format":false,"excerpt":"\r Developers sold 1,270 private homes in September, driven by several new launches, including Avenue South Residence, which sold 361 units.\u00a0 \u00a0\u00a0 With developers revving up launches following the Hungry Ghost month, new private home sales in Singapore soared to its highest level in September since July 2018. Urban Redevelopment\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":71879,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developer-sales-up-15-in-october-despite-no-major-launches\/","url_meta":{"origin":96183,"position":4},"title":"Developer sales up 15% in October despite no major launches","date":"November 15, 2017","format":false,"excerpt":"\r Sophia Hills in Mount Sophia was the top-selling private residential project last month. Sales 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). However,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118645,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-home-sales-hit-11-month-high-in-august-despite-hungry-ghost-festival\/","url_meta":{"origin":96183,"position":5},"title":"New home sales hit 11-month high in August despite Hungry Ghost Festival","date":"September 16, 2020","format":false,"excerpt":"\r New home sales in\u00a0August 2020 saw the fourth consecutive month-on-month increase. Photo: Woodleigh Residences Despite expectations of slower sales during the Hungry Ghost Festival, new home sales in\u00a0August increased for the fourth consecutive month since the circuit breaker measures were implemented in April. Urban Redevelopment Authority (URA) data showed\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2020\/09\/ura-private-home-sales-data-august-2020-orangetee.png?fit=680%2C280&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/96183"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=96183"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/96183\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=96183"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=96183"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=96183"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}