Singapore private residential has a huge surge of sale volume in the month of September
Although house price growth slowed in September, but Singapore’s private apartment sales have risen 13 per cent, to more than a year at the highest level.
According to the Urban Redevelopment Authority figures released yesterday, the city state last month, developers sold 1,270 apartment in August, while the number of amendments to 1,123 set.
This is the highest level since July 2018, when the government by taking measures to limit residential real estate heat away, shocked the market.
Since then, despite the fact that house prices are just a few quarters in some respite, but have started to rise again. The announcement earlier this month, according to data from September 30 at three months, the private residential property prices rose by 0.9 per cent in the second quarter rose 1.5 per cent.
The price of surplus government land sales in the second half, according to plans to cut the supply of private housing.
The Real Estate Association (ERA) in Singapore, research director of the Madison (Nicholas Mak) said strong sales for the month of September’s “The developers to release more units behind, so buyers have a lot of options, you can take some time.” “This suggest that underlying demand is strong.”
Mac said we hold, unless they are otherwise future market shocks, average sales of private homes to about 1000 per month should be set.
Mak predicting house prices will continue to rise, but growth will fall below 1 per cent.
Mac said we hold, to take additional cooling measures “could be harmful, because there’s plenty of supply, the government should allow market to absorb.”
Yesterday, the authority’s other highlights include:
Developers in September launched 1,714 apartment set for August, while 1,015. Apartments launched the largest number of development projects including Treasure At Tampines, Cuscaden Reserve, clematis and The Antares. SingHaiyi Group Ltd’s Parc Clematis near the National University of Singapore, and the highest sales development projects, in one of the launch of the 225 apartment set, there are 119 uninstalled. The joint venture development (Silat) Pte’s Avenue South Residence launched 500 apartments, sold 361 set.