{"id":1583,"date":"2018-12-17T05:20:25","date_gmt":"2018-12-17T05:20:25","guid":{"rendered":"http:\/\/pgawards.wpengine.com\/?p=1583"},"modified":"2021-06-04T14:09:58","modified_gmt":"2021-06-04T07:09:58","slug":"singapore-private-home-sales-surge-in-november","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/singapore-private-home-sales-surge-in-november\/","title":{"rendered":"Singapore private home sales surge in November"},"content":{"rendered":"

Home builders put more units on the market months after introduction of cooling measures<\/strong><\/p>\n

\"\"
Pedestrians on a bridge near Marina Bay, Singapore. Prasit Rodphan\/Shutterstock<\/figcaption><\/figure>\n

Singapore developers sold 1,198 private homes minus executive condominiums (EC)\u00a0in November, the Urban Redevelopment Authority (URA) reported Monday.<\/p>\n

The figure marks the highest sales since July and is an improvement over the 788 units sold in the same month last year and the 487 units sold in October 2018.<\/p>\n

With EC\u00a0included, a total of 1,202 units were sold in November, compared with 937 units in November 2017 and 510 units in October 2018.<\/p>\n

Around 1,341 units were launched in November, up from 202 units\u00a0in October.<\/p>\n

In July, housing authorities introduced Additional Buyer\u2019s Stamp Duty (ABSD) rates and tightened loan-to-value limits on residential property purchases. New launches were deferred in the months after the announcement of the cooling measures\u00a0as developers grew apprehensive over their effects on buyer sentiment.<\/p>\n

Total sales in 2018 could fall short of last year\u2019s figures, predicted real estate agency PropNex. Singapore is expected to cap\u00a0the year with sales of anywhere between 9,300 and 9,500 units, down from the 10,566 units recorded in 2017.<\/p>\n

Citing lower demand for plots from developers due to cooling measures, the URA has lowered the number of sites it will be releasing as\u00a0land supply for private housing in\u00a0the first half of 2019.<\/p>\n","protected":false},"excerpt":{"rendered":"

Home builders put more units on the market months after introduction of cooling measures<\/p>\n","protected":false},"author":2,"featured_media":19854,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1583","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-report","news_country-singapore","news_author-property-report"],"acf":[],"yoast_head":"\nSingapore private home sales surge in November | Asia Property Awards<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.asiapropertyawards.com\/en\/singapore-private-home-sales-surge-in-november\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta 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