New private home sales plunge 73% on-month in July
By Wong Siew Ying
POSTED: 15 Aug 2013 1:12 PM
Sales of new private homes in Singapore plunged in July. Figures from the Urban Redevelopment Authority show that just 481 units of new homes were sold last month, down 73 percent from June. 1,806 units were sold in June.
SINGAPORE: Sales of new private homes in Singapore plunged in July.
Figures from the Urban Redevelopment Authority show that just 481 units of new homes were sold last month, down 73 percent from June. 1,806 units were sold in June.
Market watchers had anticipated the sharp drop in sales transactions on the back of new loan curbs introduced on 29 June and the lack of new major project launches in July.
The top-selling project during the month was Vue 8 Residence in Pasir Ris, which moved 63 units, followed by Bartley Ridge at Mount Vernon Road with 25 units sold.
Including executive condominiums (ECs), 593 new homes were sold in July, down from 2,119 units transacted in the previous month.
The best-selling EC project was Forestville at Woodlands, which sold 78 new units.
Developers launched a total of 557 new units last month, compared to 2,421 units placed for sale in June.
- CNA/xq
- wong chee tat :)
Showing posts with label Bartley Ridge. Show all posts
Showing posts with label Bartley Ridge. Show all posts
Thursday, August 15, 2013
Sunday, March 24, 2013
New condo launches see positive demand
New condo launches see positive demand
By Kwok Wai/Sara Grosse | Posted: 23 March 2013 2038 hrs
SINGAPORE: Recent condominium launches have yielded positive response, with an analyst attributing the strong demand to fears among some buyers of another round of property cooling measures.
There were six condominium launches this month.
At Hillion Residences, located at Bukit Panjang, more than 50% of the 250 units released in its first phase have been sold.
Its developer said that 70 percent of buyers are investors.
MediaCorp understands that Bartley Ridge at Mount Vernon, launched this weekend, has sold more than 200 of its 300 units.
Other projects in Pasir Ris, Tanah Merah, Potong Pasir and Clementi are also seeing positive response.
The last round of property cooling measures introduced in January includes a higher buyer's stamp duty, tighter loan-to-value limits and higher minimum cash downpayment for second and subsequent housing loans.
It was the seventh round of property-cooling measures introduced since 2009.
Steven Tan, managing director of OrangeTee, said: "Generally the current buying sentiment is still very strong, mainly due to the reason that economic fundamentals are still very bullish. For example, the GDP, the stock market, the job environment.
"With more and more new launches coming up in the next few months, I do expect that the sales volume of the residential property market will continue to pick up."
- CNA/ir
- wong chee tat :)
By Kwok Wai/Sara Grosse | Posted: 23 March 2013 2038 hrs
SINGAPORE: Recent condominium launches have yielded positive response, with an analyst attributing the strong demand to fears among some buyers of another round of property cooling measures.
There were six condominium launches this month.
At Hillion Residences, located at Bukit Panjang, more than 50% of the 250 units released in its first phase have been sold.
Its developer said that 70 percent of buyers are investors.
MediaCorp understands that Bartley Ridge at Mount Vernon, launched this weekend, has sold more than 200 of its 300 units.
Other projects in Pasir Ris, Tanah Merah, Potong Pasir and Clementi are also seeing positive response.
The last round of property cooling measures introduced in January includes a higher buyer's stamp duty, tighter loan-to-value limits and higher minimum cash downpayment for second and subsequent housing loans.
It was the seventh round of property-cooling measures introduced since 2009.
Steven Tan, managing director of OrangeTee, said: "Generally the current buying sentiment is still very strong, mainly due to the reason that economic fundamentals are still very bullish. For example, the GDP, the stock market, the job environment.
"With more and more new launches coming up in the next few months, I do expect that the sales volume of the residential property market will continue to pick up."
- CNA/ir
- wong chee tat :)
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