Owners selling up in the public housing industry to purchase in the private market gave a much-needed increase to sales amounts. You will find 10,104 units changed in 2019 – 14.9 percent greater than the 8,795 transacted in 2018.
The tender where is Kopar at Newton, a new condo developed by CEL.
Six of the top 10 jobs last year were from the exterior central area, with the remainder in the rest of central, documented Mr Lee Sze Teck, Huttons Asia manager of research.
“That is unsurprising as the majority of the demand will come out of HDB upgraders,” he said. “Together with the HDB resale market bottoming out in 2019, this section of buyers will probably bolster the purchasing quantity in 2020.”
He noticed that his data revealed about 55 percent of those sales were at jobs that had been launched in previous years, adding:”Formerly launched jobs are in strong demand as a result of their attractive price points.”
Developers marketed 2,635 units in the fourth quarter, a 43.5 percent surge in the 1,836 houses moved in precisely the same quarter in 2018, Urban Redevelopment Authority data revealed yesterday.
However sales in December reach on the usual merry roadblock, with only 538 private houses changed, amid a dearth of new launches. That was down to the 1,147 units sold in November, but nevertheless 10.6 percent higher than in December 2018.
The latest data excludes executive condos. If those are factored in, programmers moved 551 units last monthdown 53.5 percent from November and 8.9 percent lower than in December 2018.
December’s reduced sales volume was anticipated because of the year-end holidays and also the lack of new launches, said Mr Lee.
Just 370 units were launched last month, compared to 947 in November.
About 30 launches have been lined up to the first half of this year, together with about half at the center central place or prime districts and the remainder evenly spread involving the remaining central area or town fringes and the exterior of central area.
Top-selling jobs last month comprised Parc Botannia, together with 49 units sold at a median price of $1,345 per square foot (psf); Parc Esta, together with 45 units sold at $1,666 psf; and Parc Clematis, together with 40 sold at $1,638 psf.
There might be up to 50 launches and 11,000 new units set on the market this year, Mr Lee said, with total sales of between 9,000 and 10,000, similar to last year.
Ms Sun said demand for new houses may raise prices by 2 to 4 percent this year.