It's official: July new home sales down 73%

By The Folks @PropTalk - August 15, 2013 20 Comments

Sales of new private homes in Singapore plunged in July.

Figures from the Urban Redevelopment Authority show that just 481 units of new homes were sold last month, down 73% from June. 1,806 units were sold in June.

Market watchers had anticipated the sharp drop in sales transactions on the back of new loan curbs introduced on 29 June and the lack of new major project launches in July.

The top-selling project during the month was Vue 8 Residence in Pasir Ris, which moved 63 units, followed by Bartley Ridge at Mount Vernon Road with 25 units sold.

Including executive condominiums (ECs), 593 new homes were sold in July, down from 2,119 units transacted in the previous month.

The best-selling EC project was Forestville at Woodlands, which sold 78 new units.
Developers launched a total of 557 new units last month, compared to 2,421 units placed for sale in June.

Source: Channel News Asia

20 comments to ''It's official: July new home sales down 73%"

ADD COMMENT
  1. Paya Lanpah, Tanjong Pahkah, Southern waterfront, Pasir Panjiang

    ReplyDelete
  2. Buy your counter now. Take your stakes.

    No bet no wynn.

    ReplyDelete
  3. Aug'13 Sales getting worst than July Sales..Heading to where???

    ReplyDelete
  4. ah long term lah....thennnn?....

    ReplyDelete
  5. True.Lot of units vaccant for more than 4months.Rental prices are going down too..

    ReplyDelete
  6. China prizes continue to rise. So letz observe.

    ReplyDelete
  7. Luxury home prices may fall 6%:

    Singapore’s primary housing markets will see prices decline in the next 12 months due to a combination of higher mortgage rates and recent government policies, revealed a Jones Lang LaSalle report.

    ReplyDelete
  8. Bye bye sg dream.....

    ReplyDelete
  9. If condo price drops, recent Buyers are heavily affected…most of them belongs to “Kiasu” group.

    ReplyDelete
  10. If condo price drops, recent Buyers are heavily affected…most of them belongs to “Kiasu” group.

    ReplyDelete
  11. URA data shows,August sales even worst than July.This is a drastic downturn...

    ReplyDelete
  12. but Singapore Property price won't drop a lot. Max is about 5%. because there is no major economic crash. So for those who waiting price to drop may need to wait several more years.

    ReplyDelete
  13. scuse me.are u an agent @2/8/13 5.22pm

    ReplyDelete
  14. Property giant CapitaLand recorded slower pre-sales in Singapore and China during the second quarter of this year, resulting from policy headwinds.

    Link below:
    http://www.propertyguru.com.sg/property-management-news/2013/8/36498/capitaland-sees-sales-decline-in-s-pore-china

    ReplyDelete
  15. More HDB resale flats being sold with zero COV..

    see link below...
    http://news.xin.msn.com/en/singapore/more-hdb-resale-flats-being-sold-with-zero-cov

    ReplyDelete
  16. Shares fell for CapitalLand 2.33percent to S$2.93, while CDL lost 2.2percent to S$9.76.

    As published in daily "Today" 29Aug2013.

    ReplyDelete
  17. Aug'13 private sales drop to Bottom. 212units only changed hands which is the lowest transaction volume since Sep 2010. Market is cooling down and 5 to 10% drop in price is very natural to predict.

    ReplyDelete
  18. Aug'13 sales soar to 271units including, new, subsale & resale.Property prices going down step by step. Buyers wait and see.

    ReplyDelete
  19. Cooling measures hit auction market

    TOUGH cooling measures introduced earlier this year for the residential property market are affecting the auction market, according to new figures.

    The Straits Times - September 3, 2013

    ReplyDelete
  20. Many condos flooding in the market can't sell for more than 6months...

    ReplyDelete