New private home sales down 23.6% in August

All-new private house sales in Aug2021 fell 23.6 percent to 1thousand 2hundred 15 apartments (counting out ECs) out of One thousand Five hundred Ninety One apartments in July, showed facts launched by the Urban Redevelopment Authority on Wednesday 15 Sept.

On a yearly basis, latest homes sales dipped Three point Four percentage.

Leonard Tay, Head of Research at Knight Frank Singapore, traced the decrease to a shortage of latest kick off.

Among Aug’s all new release, The Watergardens sold near 60 percentage out of its Four hundred Forty Eight flats, astride huge upgrading request from the Housing and Development Board market. The Watergardens became the very successful residence in Aug, comes next Normanton Park, The Florence Residences, Midwood along with Treasure at Tampines.

Similarly on the top ten list are Dairy Farm Residences, Parc Clematis, Leedon Green, The Jovell also Avenue South Res.

Huttons Asia CEO Mark Yip mentioned that despite the Chinese Calendar 7th Month, real estate investors continue to succeeded to market higher than 1K units, in which was increased opposed to the exact time period last year.

“Purchasers are perhaps in a lower degree uneasy regarding carrying out to a residence purchase in the middle of the Seventh Mth nowadays,” Mark shared.

Excluding executive condo, the OCR took into account 59.3 percent of total sales in Aug, meantime the RCR plus Core Central Region represented Twenty Eight point Two percent and Twelve point Five percent, each.

Penrose Condo Price

Out of the entire transactions in Aug, Forty Seven point Five percentage were generally amount below $1.5 mil, Twenty Eight point Four % were generally in between $1.5 mil and $2 mil, whereas 24.1 % were over $2 mil.

S’poreans represented 85.4 % out of the buys, while PRs including foreigners made up 10.5 percent and Four point One percentage, specifically.

Looking forward, Leonard strongly believes new exclusive residence dealings will “pass over the Ten thousand aim by end of the year, and even is more than possible to reach 12,000 exchanges for the overall year”.

Mark similarly predicts 12,000 latest deals for present yr.

He documented that two all-new commence are expected in Sept– Bartley Vue and Jervois Mansion– whereas few more release are scheduled in the last quarter of ’21 — such as, Belgravia Ace, Amber Sea, Canninghill Piers, Cairnhill 16, Perfect 10, Mori, and also The Commodore.

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