New private home sales down 23.6% in August

Brand new private home transactions in Aug2021 decreased Twenty Three point Six percent to One thousand Two hundred Fifteen units (ruling out executive condo) out of 1thousand 5hundred 91 units in July, revealed details launched over the Urban Redevelopment Authority on Wednesday 15September.

On an annual basis, all new housing sales fell Three point Four percent.

Dairy Farm Residences Condo Price

Leonard Tay, Head of Research Study at Knight Frank SGP, associated the downturn to a loss of brand new launches.

Out of August’s new launches, The Watergardens At Canberra pushed close to Sixty % out of its 4hundred 48 units, astride big advancing requirement from the HDB market. It came out as the best-selling residence in August, comes next Normanton Park, The Florence Residences, Midwood and Treasure at Tampines.

On the best ten list are Dairy Farm Residences, Parc Clematis, Leedon Green, The Jovell along with Ave South Residences.

Huttons Asia chief exec officer Mark Yip recorded that despite the Lunar Calendar 7th Mth, real estate investors continue to succeeded to deal higher than 1K units, that was more reviewed to the exact same time period in 2K20.

“Shoppers are perhaps barely troubled about executing to a home transaction in the middle of the 7th Mth nowadays,” Mark thought.

Omitting ECs, the OCR accounted for Fifty Nine point Three % of full deals in Aug, whilst the Rest of Central Region and CCR made up Twenty Eight point Two % and Twelve point Five %, specifically.

Out of the total transactions in Aug, Forty Seven point Five percentage were generally priced below $1.5 million, 28.4 % were generally between $1.5 million and $2 mil, whilst Twenty Four point One percent were exceeding $2 million.

SGPreans made up Eighty Five point Four % out of the buys, whereas PRs and foreigners consisted 10.5 percent and Four point One %, each.

Foreseeing, Leonard trusts brand-new exclusive residential property sales are going to “go across the 10thousand mark by end of the year, and is greater than possibly to come to Twelve Thousand purchases for the overall year”.

Mark similarly observes 12,000 all new dealings for ’21.

He considered that 2 brand new launches are looked for in Sept2021– Bartley Vue also Jervois Mansion– whereas even more launches are scheduled in the forth quarter of 2K21 — specifically, Belgravia Ace, Amber Sea, Canninghill Piers, Cairnhill 16, Perfect 10, Mori, and also The Commodore.

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