43% hike in new private home sales

By Romesh Navaratnarajah: Last month's property cooling measures failed to dampen new home sales in Singapore, with 2,013 private housing units sold in January, a 43 percent increase over the 1,410 sold in December 2012, according to data from the Urban Redevelopment Authority (URA). Year-on-year, this is an eight percent rise compared to January 2012 after the first round of additional buyer's stamp duty (ABSD) was introduced.

Including executive condominiums (ECs), the sales volume was up 0.4 percent from December 2012 at 2,269 units.

However, developers launched fewer residential projects in the month, releasing 1,799 units as compared to 2,225 in the previous month.

Three projects recorded sales of above 250 units last month, with La Fiesta in Sengkang, Q Bay Residences in Tampines and d'Leedon, located on the site of the former Farrer Court recording strong sales of 404, 372 and 263 units at median psf prices of S$1,163, S$1,102 and S$1,406 respectively.

However, a drop in sales of ECs was recorded with only 256 units sold in January, compared to 849 in December. The Topiary in Fernvale Lane was the best-selling EC project, selling 100 units at a median price of S$736 psf.

Tejaswi Chunduri, Regional Analyst at PropertyGuru, said: "Despite the recent cooling measures, the high sales figures for January are indicative of robust demand from genuine home buyers. Buyers were also likely attracted to the discounts offered by a number of developers." Romesh Navaratnarajah, Senior Editor of PropertyGuru, wrote this story. To contact him about this or other stories email romesh@allproperty.com.sg Related Stories: Far East is best-selling developer again

Luxury developer says no to offering discounts

Seletar Hills residents unhappy over construction projects

More from PropertyGuru:
House prices still too expensive: PropertyGuru survey
Property stocks up after strong sales data
Far East is best-selling developer again
Luxury developer says no to offering discounts

Loading...
 
Recent Quotes
Symbol Price Change % Chg 
Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
You need to enable your browser cookies to view your most recent quotes.
 
Sign-in to view quotes in your portfolios.

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.2526-0.0002-0.02%
    USDSGD=X
    1.7302-0.0002-0.01%
    EURSGD=X
    2.1033-0.0002-0.01%
    GBPSGD=X
    81.7693+0.00190.00%
    SGDJPY=X
    6.1905+0.0004+0.01%
    SGDHKD=X
    2.5850+0.0002+0.01%
    SGDMYR=X
    9,116.9668-3.3359-0.04%
    SGDIDR=X
    4.9692-0.004-0.08%
    SGDCNY=X
    1.1684-0.0007-0.06%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,295.80-7.90-0.61%
    GCQ14.CMX
    19.65+0.02+0.08%
    SIK14.CMX
    90.18-0.65-0.72%
    ^XAU
    3.04+0.02+0.51%
    HGK14.CMX
    104.59+0.83+0.80%
    CLK14.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.73+0.08
    ^FVX
    2.72+0.08
    ^TNX
    3.52+0.06
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.115-0.002-1.71%
    B22.SI
    0.48+0.020+4.35%
    5GJ.SI
    2.27+0.090+4.13%
    5ME.SI
    2.190.0000.00%
    JS8.SI
    0.61+0.005+0.83%
    E5H.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.162+0.034+26.56%
    5GF.SI
    0.20+0.034+20.48%
    5WD.SI
    0.59+0.050+9.26%
    L5I.SI
    0.28+0.020+7.69%
    C33.SI
    0.215+0.015+7.50%
    5UE.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.103-0.010-8.85%
    5OS.SI
    0.112-0.008-6.67%
    5RC.SI
    0.355-0.025-6.58%
    KJ9.SI
    0.215-0.015-6.52%
    F9M.SI
    0.29-0.020-6.45%
    5PC.SI