October Private Residential Sale Volume Remains Strong

Despite November’s private housing sales have generally been slow, but August’s private home sales still seem to be strong.

“While it is generally taboo” Ghost Month “, but August demand appears to be still going on,” Colliers International research director (Singapore) Tricia, Song said.

As of November 12, Urban Redevelopment Authority (URA) of developers Realis data shows that in August set sold 1,122 new houses, which do not include administrative apartment (EC), according to the Commercial Times reported, including the EC, the developers of the transferred amount units.

Parc Clematis of the best-selling items sold 316 set Aug. Other earlier launched Project continues to attract buyers, including The Florence Residences (sold 122 set), Tampines treasure (93 set) and Parc Botannia (60 units). Parc Esta and Piermont Grand EC were sold 44 and 47 TV set.

Sales last month were believed to be strong because it is almost as comparable sales in July. Christina, head of research and consulting firm Sun (Christine Sun) said that July is usually higher than a year to the average monthly sales record of July 2019, while sales volume was the highest this year.

In addition to the EC, the developers in July moved 1,178 set including private houses and apartments of the EC, to 1,556. At the same time, buyers snapped up in August 2018 only 617 set of private residences. First Pacific Davis, executive director of research and consulting a Allen (Alan Cheong) will be launched in July due to weak demand property cooling measures as well as the last minute of the five major projects a three in July, many buyers tried to curb on deadline.

“The majority of the real estate developers wants to avoid the seven month due to the fact of hungry ghost festive season would bring down the sale, so the sales tend to be lower. In 2019, however, may be an exception. The seventh lunar month ended on August 29, which gives developers the flexibility to decide whether it should be the last weekend of August fire. “Asia Huttons Sze Lee Teck, the Head of research said. He added that, in fact, Luxus Hills Signature Collection and Parc Clematis are launched over the weekend, in order to achieve “extraordinary achievement”.

Looking ahead, head of research at Jones Lang LaSalle Singapore Tai Huiying (Tay Huey Ying) predicts that “release event will take place in September and in the next few months to recover, because it will help developers to speed up the new issue of time, to catch up with the extra buyer stamp duty deadline,” she said, adding that the upcoming projects, including 219 Midtown Bay, a unit of 200 units Mansion Meyer and 116 units for the uptown @ Farrer.

Yuzhnaya Avenue apartment has been launched in November, and the ann thar, will also be introduced this month.

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