private home sales

Singapore Jan private home sales fall 17.8% on year

SINGAPORE Feb 15 (Reuters): Sales of private homes by developers in Singapore fell 17.8% in January from a year earlier, government data showed on Friday.

Data compiled by the Urban Redevelopment Authority showed developers sold 433 units last month, compared with 527 units in Åthe same month a year earlier.

The level of sales in January fell from 602 units sold in December.

Singapore home sales surge as developers market more projects

(Dec 18): Private home sales in Singapore more than doubled in November from October as developers marketed more projects.

Home builders in the city-state sold 1,198 units last month versus 487 apartments in October, the Urban Redevelopment Authority said Monday.

Key insights

Cooling measures to continue dampening buying sentiment after a quieter August: CGS-CIMB

SINGAPORE (Sept 18): CGS-CIMB Securities is remaining “neutral” on Singapore’s property sector after Aug 2018 private monthly home sales came in at 639 units, down 60% y-o-y and 64% m-o-m.

In a Monday report, analyst Lock Mun Yee says she believes the latest data reflects a “much quieter” residential market and selective buying post cooling measures, which she expects to have an overall dampening effect on buying sentiment and pricing expectations going forward.

Singapore home sales plunge as cooling measures grip city-state

SINGAPORE (Sept 17): Private home sales in Singapore tumbled 64% in August to the least in six months as government cooling measures took effect and developers marketed fewer projects in a period considered inauspicious by Chinese home buyers.

Developers in the city-state sold 616 units last month, the Urban Redevelopment Authority said in a statement Monday. That compares with 1,724 units in July and 654 apartments in June, the data show.

Singapore home sales soar in July on minute-to-midnight buying

SINGAPORE (Aug 15): Private home sales in Singapore soared to the highest in 16 months in July as buyers rushed to snap up properties hours before curbs aimed at quelling speculation came into effect.

Developers sold 1,724 units last month, the Urban Redevelopment Authority said in a statement Wednesday. That’s more than double the 654 units sold in June and the highest since March 2017.

Beware headwinds in property sector but also seize the day

SINGAPORE (Sept 21): Despite the resale market remaining vibrant in August, with 750 caveats lodged, OCBC Research is maintaining its “neutral” call on the property sector, citing physical oversupply for 2016 to 2017.

In August, primary sales took a beating, dropping to 473 units after July’s bumper sales of 1,091 units (excluding executive condominiums). This could be attributed to the effect of the lunar seventh month, notes lead analyst Eli Lee in a Tuesday flash note.

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