Singapore Private Home Sales

Buyers waiting on the sidelines

Property developers sell just 376 units last month despite launching four times as many units SALES of private homes continued to languish last month, with the poor sales in August - the Hungry Ghost month - proving to be more than just the usual annual blip. It was more of a sign of things to come, as the ongoing financial turmoil takes its toll on home-buying sentiment. According to data released...

September figures show continued softness in private home sales

Sales of private homes in Singapore improved 17.5 per cent in September, compared to the previous month. But analysts said the pickup fell short of expectations, given the low base in August caused by the Hungry Ghost Festival. The seventh month of the Lunar calendar is traditionally regarded as an inauspicious period and buyers usually refrain from making purchases during that time. Almost 300 per cent...

Sales of new private residential homes fall by 64% in August

Sales of new private residential homes slipped 64 per cent to 320 units in August, as compared to over 890 units sold in July. Market watchers say this is the weakest transaction volume since April 2008. At the peak of the property boom in August 2007, over 1,700 units of private homes were sold, and the 320 units sold in August 2008 was 81 per cent lower year-on-year. However, the low take-up was not...

Singapore home sales in June up 80% from May

June was the best performing month in terms of home sales since the property market tumbled last September, according to numbers released by the URA on Tuesday. Altogether, 801 private homes were sold, a jump of 80 per cent from May. But there were also more units launched. The number of units launched in June leapt 125 per cent from May to 1,069 units, meaning that there were more unsold properties in...