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% 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.
Source: Channel News Asia
21 comments:
Paya Lanpah, Tanjong Pahkah, Southern waterfront, Pasir Panjiang
Buy your counter now. Take your stakes.
No bet no wynn.
Aug'13 Sales getting worst than July Sales..Heading to where???
ah long term lah....thennnn?....
True.Lot of units vaccant for more than 4months.Rental prices are going down too..
China prizes continue to rise. So letz observe.
Luxury home prices may fall 6%:
Singapore’s primary housing markets will see prices decline in the next 12 months due to a combination of higher mortgage rates and recent government policies, revealed a Jones Lang LaSalle report.
Bye bye sg dream.....
If condo price drops, recent Buyers are heavily affected…most of them belongs to “Kiasu” group.
Nice post.
Here valuable information .
Thanks for sharing with us.
property to rent in marble arch
If condo price drops, recent Buyers are heavily affected…most of them belongs to “Kiasu” group.
URA data shows,August sales even worst than July.This is a drastic downturn...
scuse me.are u an agent @2/8/13 5.22pm
Property giant CapitaLand recorded slower pre-sales in Singapore and China during the second quarter of this year, resulting from policy headwinds.
Link below:
http://www.propertyguru.com.sg/property-management-news/2013/8/36498/capitaland-sees-sales-decline-in-s-pore-china
More HDB resale flats being sold with zero COV..
see link below...
http://news.xin.msn.com/en/singapore/more-hdb-resale-flats-being-sold-with-zero-cov
Shares fell for CapitalLand 2.33percent to S$2.93, while CDL lost 2.2percent to S$9.76.
As published in daily "Today" 29Aug2013.
Aug'13 private sales drop to Bottom. 212units only changed hands which is the lowest transaction volume since Sep 2010. Market is cooling down and 5 to 10% drop in price is very natural to predict.
Aug'13 sales soar to 271units including, new, subsale & resale.Property prices going down step by step. Buyers wait and see.
Cooling measures hit auction market
TOUGH cooling measures introduced earlier this year for the residential property market are affecting the auction market, according to new figures.
The Straits Times - September 3, 2013
Many condos flooding in the market can't sell for more than 6months...
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