Singapore Primary Home Sales Fell 20% M-o-M in June

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Singapore private residential primary home sales registered 3 consecutive months of decline in June. Developers sold a total of 820 units of new homes in June, a decline of 20% m-o-m. This is the first time where the monthly sales fell below 1,000 units, after 3 consecutive months of sales surged above 1,000 units. The decline of primary home sales in the recent months was mainly due to the lack of new launches in the market. In June, developers only released additional 159 units, 53% less than the previous month.

Click here to read more: 201707 – Singapore residential market update – FundPlaces

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Singapore Primary Home Sales Fell 34% M-O-M in May

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Singapore private residential primary home sales fell in May. Developers sold a total of 1,024 units of new homes in May, a decline of 34% m-o-m and 3% y-o-y. The decline was due to the lack of new launches in the market. Developers only released additional 339 units in May, which is 79% less than a month ago and 75% less than a year ago.

Download the full report for more detailed analysis: 201706 – Singapore residential market update – FundPlaces

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Singapore Primary Home Sales Frenzy Continues in Apr 2017

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Singapore private residential primary home sales in April doubled from a year ago but eased from last month. Developers sold a total of 1,555 units of new homes in April, a decline of 13% m-o-m but an increase of 109% y-o-y. Despite the decline, April sales count indicates the second highest sale volume in a month, across the last 21 months. The key contributor to the buoyant sales was the excellent performance of the two newly launched projects of the month, namely Seaside Residences at Siglap and Artra at Redhill.

Click here to read more: 201704 – FundPlaces – Singapore Primary Home Sales Frenzy Continues in April 2017

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Cooling Measures Relaxed, What’s Next?

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The primary home sales market have seen buoyant sales in recent months. Units at newly launched projects such as Clement Canopy, Grandeur Park Residences and Park Places Residences are flying off the shelves. It appears that buyers are not heeding the views of the researchers that property market still has some way to go before the market can reach a bottom. Why do they think so? Read our latest report for our detailed analysis on the Singapore private residential market.

Click here for the full report: 20170329 – Cooling measures relaxed, what’s next – FundPlaces

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Singapore Primary Home Sales Surged 156% in Feb

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Singapore primary home sales in February increased by 156% m-o-m with developers moving a total of 977 units of new homes.  This is the highest number of unit sold in the past four months and a 222% increase year-on-year. The key driver to the buoyant sales was the excellent performance of a newly launched project, called The Clement Canopy at Clementi Avenue 1. Clement Canopy is the first project launched in 2017 and was priced to sell.

Click here to read more: 201702 – Singapore residential market update – FundPlaces

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What’s next for Singapore’s Private Residential Property Market?

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We live in amusing times with increasingly unpredictable outcomes in many events. The housing market in Singapore is no different. Despite an increasingly poorer economic outlook and many of the property market indicators in negative territory, the residential property market has shown signs of coming back to life. We did an analysis of the past cycles to answer the most often asked question, “when is the turning point for residential property prices?” We shared our thoughts on the outlook for the Singapore private residential market in Today.

To read more, click here: What’s next for Singapore’s private housing market.

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Are we wrong about Singapore’s private residential property market?

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Purchasers have soaked up well-positioned projects

Singapore’s private residential property market has shown signs of life recently with both developers and end-purchasers being particularly active. In March 2016, Sim Lian Holdings surprised the market with good sales of Wandervale, moving almost 300 units (total 534 units) within the first month of launch. Based on feedback from the ground, Sim Lian Group is again poised to defy market expectations with a better than expected response to the pending launch of another executive condominium, the Treasure Crest. Some might attribute this to these being executive condominiums which are fairly priced and catering to localised demand. However, over the last weekend, GEM Residences, a private condominium, managed to sell about 50% of its units despite a relatively high price and not too exciting location. These are rather sterling sales performance despite known market weaknesses. (more…)

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GEM Residences developers give full price list ahead of launch

BT Gem Residence

(Source: The Business Times, 20 May 2016) GEM Residences, a 99-year leasehold project in Toa Payoh jointly developed by Gamuda, Evia Real Estate and Maxdin Pte Ltd, will go on sale at an average S$1,426 per square foot (psf), lower than the earlier indicative market pricing of S$1,480 psf. The release of prices for all 578 units comes ahead of the launch of Stars of Kovan by Cheung Kong Property this weekend, where the revealed average pricing of about S$1,550 to S$1,600 psf for 390 units. The prices of the different units in GEM Residences will range from S$1,279 to S$1,551 psf, with the smallest one-bedder of 452 sq ft starting from S$578,000.

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