SINGAPORE REAL ESTATE
  • Hot New Launches
    • Verticus
    • Jadescape
    • Stirling Residences
    • One Pearl Bank 万宝轩
    • Belgravia Green
    • Haus on Handy
  • NEW LAUNCH PROMOS
  • MARKET UPDATES
  • Contact

Resale Transactions Of Private Homes Drop 50% In Q2

7/25/2019

0 Comments

 
Picture
The private property resale market continued to be in the doldrums even as new private home sales increased in the second quarter of 2019, revealed a Huttons report.

About 2,400 resale transactions were registered in Q2 2019, down 50 percent over the same period last year.

According to Today Online, the real estate firm attributed the poor sales performance partly to the significant gap in expectations between buyers and sellers.

“The plethora of new launches in (the second quarter) also drew away demand from the resale market. Nevertheless, prices in the resale market held steady,” said Huttons.

With 17 new launches in Q2 2019, developer sales climbed six percent year-on-year to around 2,500 units.

“The pickup in demand shows the underlying strength of the market and a return of confidence in property as a good store of value against uncertainty and inflation in the mid to long term.”
Huttons noted that the number of new units has been on the uptrend since February.

The average monthly sales in Q2 2019 stood at around 836 units, up from Q1 2019’s 613 units.
Treasure at Tampines was the best-selling new project, followed by Amber Park. Completing the top five best-selling new projects are Parc Botannia, The Florence Residences and The Tre Ver.
​
Looking ahead, Huttons expects private property sales for this year will to outpace that of last year, given that transaction volume for 1H 2019 is already higher compared to the same period last year.
​​
0 Comments



Leave a Reply.

    Archives

    April 2020
    March 2020
    October 2019
    August 2019
    July 2019

    Categories

    All

    RSS Feed

Latest Hot Launches

Verticus | JadeScape | | Stirling Residences | Belgravia Green | Haus on Handy |  

    Subscribe to our Newsletters

    Privacy Policies
Subscribe

Get in touch with us

Hours
M-S: 7am - 9pm
Mobile
+65 9751 5995
Email
info@sgpre.com

Disclaimer: While the site owner has endeavored to ensure that the information and material contained herein are accurate. The site owner is not responsible for any errors or omissions, or for the results obtained from their use or the reliance placed on them. All information is provided “as is”, with no guarantee of completeness, and accuracy. All areas, be it land size or build up size, are estimates and not a representation of fact. Images of BUC are artist impression only. In no event will the site owner thereof be liable in contract or in tort, to any party for any decision. Property investment carries risk; please seek professional advice before making a decision. 
  • Hot New Launches
    • Verticus
    • Jadescape
    • Stirling Residences
    • One Pearl Bank 万宝轩
    • Belgravia Green
    • Haus on Handy
  • NEW LAUNCH PROMOS
  • MARKET UPDATES
  • Contact