{"id":99896,"date":"2018-10-16T10:42:40","date_gmt":"2018-10-16T03:42:40","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-private-home-sales-up-51-in-sept\/"},"modified":"2018-10-16T11:02:53","modified_gmt":"2018-10-16T04:02:53","slug":"new-private-home-sales-up-51-in-sept","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-private-home-sales-up-51-in-sept\/","title":{"rendered":"New private home sales up 51% in Sept"},"content":{"rendered":"


\nBuyers waiting for their numbers to be called during the balloting process at JadeScape\u2019s showflat. (Photo: Qingjian Realty)
\nPrivate home sales in Singapore rose 51 percent in September as developers launched new projects following the Hungry Ghost month and as buyers recover from the impact of recent curbs.
\nUrban Redevelopment Authority (URA) data released on Monday (15 Oct) shows that developers moved 932 units last month, up from 617 units in August.
\nOn an annual basis, private homes sales jumped 42 percent from 657 units over the same period last year.
\nIncluding ECs, developers sold 944 units, up 47.5 percent from the 640 units transacted in August and 4.2 percent higher than last year\u2019s 906 units.
\nJadeScape on the former site of Shunfu Ville emerged as the best-selling project last month, with 327 units transacted at a median price of $1,669 psf, reported the Business Times.
\nMore:\u00a0This Is What A $6 Million Condo Showflat Looks Like
\nMayfair Gardens by Oxley Holdings moved 82 units at a median price of $1,945 psf, while Tripartite Developers\u2019 The Jovell sold 41 units at a median price of 1,259 psf.
\nFreehold development Jui Residences by Selangor Dredging Berhad sold 31 units at a median price of $1,704 psf last month.
\nDescribing the sales figures as \u201cquite encouraging\u201d, Christine Li, senior director and head of research at Cushman & Wakefield, revealed that this year\u2019s September sales result is the \u201chighest September new home sales since 2013\u201d.
\nBut while market confidence appears to have improved, developers \u201care still grappling in setting an appropriate price level to attract buyers\u201d, said JLL national director of research and consultancy Ong Teck Hui, while noting that seven new private residential projects were launched last month.
\nLooking ahead, ERA Realty key executive officer Eugene Lim expects developers to sell 9,000 to 10,000 private homes this year, down from last year\u2019s 10,566 units.
\n\u201cWith a wide selection of new projects coming up, buying demand is not expected to increase significantly as buyers evaluate their housing needs, options and finances,\u201d said Lim.
\n\u201cWe have not observed significant price discounts yet. Developers who have bought land at high prices would need to sell even higher in order to remain profitable. This provides support for property prices in the short term, barring any external shocks.\u201d
\nHome buyers looking for\u00a0Singapore Properties\u00a0may like to visit our\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\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…New private home sales up 51% in Sept<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Buyers waiting for their numbers to be called during the balloting process at JadeScape\u2019s showflat....<\/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-99896","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-pZe","jetpack-related-posts":[{"id":66694,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/housing-market-on-road-to-recovery-say-experts\/","url_meta":{"origin":99896,"position":0},"title":"Housing market on road to recovery, say experts","date":"September 18, 2017","format":false,"excerpt":"\r Developer sales for the first eight months of this year has surpassed last year\u2019s total sales.\u00a0 Singapore\u2019s residential market appears to be rebounding, with private home sales reaching about 8,391 units for the first eight months of this year, surpassing the 7,972 units sold for the whole of 2016,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":109041,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/june-sales-for-new-condos-25-5-higher-than-a-year-ago\/","url_meta":{"origin":99896,"position":1},"title":"June sales for new condos 25.5% higher than a year ago","date":"July 16, 2019","format":false,"excerpt":"\r Developers moved 821 units despite fewer units launched in June. Singapore\u2019s private residential market achieved some semblance of stability a year after the government rolled-out additional cooling measures in July 2018. Last month, developers managed to sell 821 new units, excluding executive condominiums (ECs), even as only 670 new\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":114357,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-sales-up-14-9-in-january\/","url_meta":{"origin":99896,"position":2},"title":"Private home sales up 14.9% in January","date":"February 18, 2020","format":false,"excerpt":"\r The figure also marked the best January showing since 2013,\u00a0when 2,028 units were transacted. Photo: JadeScape emerged as the best-selling project in January 2020.\u00a0 Despite the Chinese New Year festivities and the coronavirus outbreak, developers sold 618 new private homes in January, up 14.9% from the previous month and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":61008,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-homes-sales-up-73-in-1h-2017\/","url_meta":{"origin":99896,"position":3},"title":"Private homes sales up 73% in 1H 2017","date":"July 18, 2017","format":false,"excerpt":"\r \u00a0 Despite the 21.1 percent month-on-month drop in the number of units sold last month, developers still managed to sell 6,388 private homes during the first half of 2017, up 73.8 percent over the same period last year, reported Business Times citing Urban Redevelopment Authority (URA) preliminary data. On\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":106139,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-home-sales-surge-131-6-in-march\/","url_meta":{"origin":99896,"position":4},"title":"New Home Sales Surge 131.6% In March","date":"April 16, 2019","format":false,"excerpt":"\r New home sales have been on the rebound in March, soaring 131.6 percent month-on-month to 1,054 units,\u00a0according to the Urban Redevelopment Authority\u2019s (URA) developers\u2019 sales survey.\u00a0 Including executive condominiums (ECs), developers sold 1,062 units, up 132.4 percent from the previous month. On a yearly basis, new home sales, excluding\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":98052,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-private-home-sales-plunged-in-august\/","url_meta":{"origin":99896,"position":5},"title":"New private home sales plunged in August","date":"September 18, 2018","format":false,"excerpt":"\r Artist\u2019s impression of JadeScape, a new private housing development near Marymount MRT station. Following the introduction of new property cooling measures on 6 July, new private home sales in Singapore declined sharply in August on both a monthly and yearly basis, reported Channel NewsAsia. According to statistics published by\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/99896"}],"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=99896"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/99896\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=99896"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=99896"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=99896"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}