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Thread: Singapore private home sales tumble 58% to 277 units in April over March: URA

  1. #1
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    Default Singapore private home sales tumble 58% to 277 units in April over March: URA

    Singapore private home sales tumble 58% to 277 units in April over March: URA

    Fri, May 15, 2020

    Siow Li Sen


    DEVELOPERS in Singapore sold 277 new private homes in April, a dive of 58 per cent from 660 in March, as buyers stayed home during the "circuit breaker", confirming a Business Times report on Thursday.

    A total of 640 units were launched in April. The last time transactions fell below the number of units launched was in September.

    The 277 sales was 62.4 per cent lower over April 2019's 737 units, data from the Urban Redevelopment Authority (URA) showed on Friday.

    With the "circuit breaker" extended till June 1, sales in May are expected to do poorly too.

    Including executive condominiums or ECs, which are a private-public hybrid, there were 293 new homes sold in April.

    April saw a higher number of expensive homes sold. Transactions in the core central region (CCR) were 36.8 per cent versus 6.8 per cent in March. CCR sales came to 102 units, more than double the 45 units in March. Demand was from Kopar at Newton and The M.

    Kopar at Newton formed the majority of the new home sales in CCR. "The stellar sales for Kopar could be attributed to their good location and attractive pricing where the median price is about S$2,241 per sq foot in April 2020, " said Christine Sun, OrangeTee & Tie, head of research and consultancy.

    "It is encouraging to see sales still going strong for luxury homes. This may indicate that despite the pandemic, Singapore remains to be an attractive investment destination to wealthy investors," said Ms Sun.

    Consultants are projecting 2020 sales to slump as much as half of the 9,912 units sold in 2019.

  2. #2
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    Default Re: Singapore private home sales tumble 58% to 277 units in April over March: URA

    Yeah, awaiting correction in the pricing.

  3. #3
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    Default Re: Singapore private home sales tumble 58% to 277 units in April over March: URA

    Property Soul also waiting for many many years.
    The Best Time to buy Property is Yesterday.
    If you lose Money it because you sell on a wrong Day.

    https://wa.me/6587821025

    https://r057844h.propnex.net/

    You don't Buy others will Buy.
    You don't Sell, others will Sell.

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    Default Re: Singapore private home sales tumble 58% to 277 units in April over March: URA



    Bear Bear only sees the total supply, the Bull sees the red supply.

    https://ernest15percent.com/index.ph...ment-feb-2018/

    The Bear and AssUme will look for bad News to confirm what they want to know.
    The Best Time to buy Property is Yesterday.
    If you lose Money it because you sell on a wrong Day.

    https://wa.me/6587821025

    https://r057844h.propnex.net/

    You don't Buy others will Buy.
    You don't Sell, others will Sell.

  5. #5
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    Default Re: Singapore private home sales tumble 58% to 277 units in April over March: URA

    Quote Originally Posted by NANALUM89 View Post
    Yeah, awaiting correction in the pricing.
    Price unlikely to drop as interest rate is very attractive now, fyi. most sellers can got holding power to hold.

  6. #6
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    Default Re: Singapore private home sales tumble 58% to 277 units in April over March: URA

    meaning prices will drop further? does it affect hdb prices too?

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    Default Re: Singapore private home sales tumble 58% to 277 units in April over March: URA

    HDB will surely be affected too!!!

  8. #8
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    Default Re: Singapore private home sales tumble 58% to 277 units in April over March: URA

    Singapore's private home sales tumble 58% to 277 units in April.

    Half-empty see price tumble.

    Full empty see all price tumble.

    Half fill sees the price rising.
    The Best Time to buy Property is Yesterday.
    If you lose Money it because you sell on a wrong Day.

    https://wa.me/6587821025

    https://r057844h.propnex.net/

    You don't Buy others will Buy.
    You don't Sell, others will Sell.

  9. #9
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    Default Re: Singapore private home sales tumble 58% to 277 units in April over March: URA

    hdb prices will not be affected drastically, if not bto build by our government will have to drop drastically too, dont think government will let it happen!

  10. #10
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    Default Re: Singapore private home sales tumble 58% to 277 units in April over March: URA

    you may refer back to Sars period, how did prices fare? But in my opinion,when market recover, prices will trend higher than the last cycle

  11. #11
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    Default Re: Singapore private home sales tumble 58% to 277 units in April over March: URA

    Let's see this period as opportunities rather than crisis !!!! Stay safe at home! :P P

  12. #12
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    Default Re: Singapore private home sales tumble 58% to 277 units in April over March: URA

    expected drop in sales as due to CB, no surprise to me

  13. #13
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    Default Re: Singapore private home sales tumble 58% to 277 units in April over March: URA

    Nice stats and figures on the new launch !

  14. #14
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    Default Re: Singapore private home sales tumble 58% to 277 units in April over March: URA

    anyone got lobang for home contents insurance !

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