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✨LATEST: Urban Redevelopment Authority (URA) has today released the new private home sales data for October 2020. Check out our infographics for an overview of the market.

Private new home sales declined by 51.7% month-on-month to 642 units (excluding Executive Condos) in October from the 1,329 units sold in September 2020. When compared against the previous year, new home sales last month were 31.1% lower than the 932 units sold in the October 2019.

Taken together, developers have sold a total of 8,021 new units in the first 10 months of 2020 – down by 4.5% from the 8,401 units transacted in the corresponding period of 2019.

Despite the sharp drop in developers’ sales in October, the transaction figure of 642 units is still considered credible, given the lack of many new launches during the month and the pandemic-led economic downturn.

📌Read more insights here: https://www.propnex.com/pressrelease/385

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🔴 *LATEST 3Q 2020 DATA FROM URA/HDB: Singapore residential property market thrived in Q3 2020 despite pandemic and economic uncertainties*

📍 *Read CEO comments on the market trends here*: https://www.propnex.com/pressrelease/384

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✅ *LATEST 3Q 2020 Data from URA*: The Singapore property market thrived in Q3 2020 despite the pandemic and economic uncertainties. The sector emerged from the lacklustre performance in Q2 2020 and put up a commendable showing in Q3 2020, as strong local end-user demand for homes underpinned sales and supported prices in both the private residential and public housing segments.

✅ *LATEST data from HDB*: HDB Resale Price Index showed that resale prices of public housing flats rose by 1.5% in Q3 2020 (see Figure 4), building on the price stability witnessed in the past year. The 1.5% print is also marginally higher than the 1.4% growth indicated in the flash estimate announced on 1 October 2020. For the first nine months of 2020, HDB Resale Price Index has increased by 1.8% from the end of 2019.

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Almost 80% of Singaporeans stay in HDB but how much do we know about this subsidised public housing? What is the current market trend and is there any room for upgrade? Also, find out what options are available for you in this session.
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Do buyers always make money from new launches? Location vs Entry Price which is more important?

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Do buyers always make money from new launches? We decided to use data to test this out.

*New Private Home sales hit 1,329 units in September 2020 – highest monthly sales in over two years*

🎉 *(LATEST BASED ON URA FIGURES)*. New Private Home sales hit 1,329 units in September 2020 – highest monthly sales in over two years
Developers sold 1,329 new private homes (excluding Executive Condos) in September 2020, marking the highest monthly sale in more than two years, since 1,724 units were transacted in July 2018 when fresh cooling measures fuelled a surge in sales then.

September’s new home sales of 1,329 units were up by 5.6% from the 1,258 units transacted in the August 2020 and it represents a year-on-year increase of 4.6% from the 1,270 new units shifted in September 2019.

*The best-selling private residential projects in September included*: Penrose which sold 389 units at a median price of $1,541 psf; Treasure At Tampines 115 units at a median price of $1,379 psf; Jadescape 62 units at a median price of $1,774 psf; The Garden Residences 59 units at a median price of $1,606 psf; and The Woodleigh Residences 57 units at a median price of $1,926 psf.

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Jason Goh
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Prices of Housing Board (HDB) resale flats increased for the third consecutive month in September, with demand remaining elevated after the nearly two-month-long circuit breaker period.
HDB resale prices rose by 0.8 per cent in September compared with August, a faster rate then the previous two months, and were 3.1 per cent higher year on year. ... See more

HDB resale price increase 0.8% in September 2020 compared to August 2020. 

The prices of resale condominiums held firm amid robust demand in September, with more than 1,000 units sold for three straight months.
An estimated 1,286 resale condominiums changed hands last month - up 0.4 per cent from August and 62.8 per cent higher than September last year, according to flash figures from real estate portal SRX Property on Tuesday (Oct 13). ... See more

An estimated 1,286 units are resold in September 2020, 62.8% higher than in September 2019.

Grateful and deeply appreciate to all the trust and support from clients and friends. Thank you to all the cobrokes, partners and bosses for your continuing support as well. Truly blessed to be in the Top 145th position Mid Year Conference 2020 out of 8xxx. I will continue to strive and deliver!

Jasonhomeproperty.com

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🔴 *LATEST: Private home prices and HDB resale prices withstood the pandemic, posting a marginal increase in Q2 2020*

Here's the pictorial infographics for your reference.

📊📌 *Read our official PropNex insights:*
https://www.propnex.com/pressrelease/381 ... See more

*New Private Home Sales gathered steam in June 2020, rising by 105% from the previous month*

📊 *LATEST DATA RELEASED*: Despite no new major project launches, new private home sales in Singapore rebounded strongly in June 2020, surging by about 105% to 998 units (excluding Executive Condos) from the 487 units transacted in the previous month. Notably, this is the highest new home sales in the month of June since 1,806 units were sold in June 2013. It is also the highest monthly figure since November 2019, where 1,165 new homes were transacted.

Jasonhomeproperty.com

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