PAULINE CHUA
REAL ESTATE

New home sales cooled in June, falling to 488 units from May’s 6-month high of 1,355 units, excluding executive condominiums (ECs). This represents a 44% fall from June 2021, and the lowest June sales since 2015. Including ECs, sales dropped 63.9% from 1,375 units to 496 units on the month. In total, 397 units were launched in June 2022, with 349 in the CCR, 48 in the OCR and 0 in the RCR. Analysts attribute the low sales to the June school holiday, and the dwindling stock of

High take-up rate for new private homes in May 2022. Prices of new homes appear to be on the rise. New private home sales more than doubled in May and also hit a 6-month high as monthly figures have been hovering around 600 units since cooling measures were introduced in December last year. Developers in Singapore sold 1,356 new homes last month, up 105.5% from April’s 660 units. The spike in sales was mainly attributed to the strong take-up rate (nearly 80%) of 2 major launc

New home sales seem to have stabilised, after the recent cooling measures introduced in December 2021. Month-on-month, the number of new homes sold to foreign buyers has also seen a marked increase. Sales of new private homes seem to have stabilised after cooling measures were implemented at the end of last year. Excluding executive condominiums (ECs), developers sold 653 units in April, about the same as the 654 units sold in March. Most of these were in the Rest of the Cen

Month-on-month, the number of new homes transacted dipped by 22.5%, against a gloomy backdrop of geopolitical tension. February’s performance was further defined by the latest cooling measures, Chinese New Year lull period and declining housing supply. Given that property is still considered a safe haven investment in Singapore, and a record volume of HDBs that will attain their minimum occupation period this year, analysts expect that the sale of new homes will pick up despi

Month-on-month, the number of new homes launched took a 54% plunge while the number of new homes transacted inched upwards by 3.5%. Analysts project overall private residential prices to increase by up to 3% this year, considering the new cooling measures and probable interest rate hikes. Sales of new private homes could reach 9,000 to 10,000 units in 2022, amid fewer launches in the pipeline. New private home sales were stable in January despite fewer launches during the mon

Month-on-month, the number of new homes launched took a 70% plunge while sales of new homes dropped 58%; Prices of new homes appear to be stabilising; Impact of the latest cooling measures is likely to be more defined in the following months. December saw a strong take-up rate of new homes despite a sharp decline in the number of new homes launched. A total of 383 new homes were launched in December, a 70.1% plunge from the 1,283 units put in the market in November. The outsi

Sales of new private homes five-month high in November; Market sentiment currently strong but transient adjustment in demand is anticipated following the latest cooling measures. A total of 1,547 new private homes were moved in November 2021, up nearly 70% from 911 in October 2021. Year-on-year, this represents a 100% increase from the 774 sold in November 2020. So far, new home sales for this year - 12,467 units have already exceeded the whole of last year's sales of 9,982.

Sales of new private homes bounced back in October, after two months of consecutive declines; Market Sentiment remains strong. A total of 909 private condo units moved last month, up 9% from 834 units in September. Year-on-year, this represents a 39% increase from the 654 units sold in October last year. There were 661 new homes put on the market last month, three times more than the 210 units launched in September. This represents a 39% increase from the 423 units a year ago

27 May 2021 Throwback 5 years to the launch The Poiz Residences @ Potong Pasir! Those were pre-COVID days when show flats were packed to the brim during launch time. I can vividly recall the snaking queues to view show suites and snaking queues to choose units at the launch itself. And now, during COVID days, new project launches are conducted in a very different manner with safe distancing measures in place, but still, with the same, if not more, amount of interest from buye

15 April 2021 New private home sales in Singapore hit 4-year high for March as buyers flocked to high-end condos. A total of 1,373 new homes were transacted in March, with 42%, or 546 units, in the prime or core central region (CCR). The bulk of the purchases, about 82% were by Singaporeans, with permanent residents and foreigners making up 13.4% and 4.3% respectively. The number of non landed homes bought by PRs and foreigners have both increased by 98.9% and 66.7% respectiv