private home sales

Home sales, excluding ECs, soared by 369.3% MoM.

CBRE expects 7,500 to 8,000 units to be sold for the entire year.

Overall transactions of private residential houses was at 6,148 units.

A study showed that Singaporean’s salaries will increase 3.5% in 2022.

This follows the slower launches in the market.

The improved sales were on the back of easing of safe management measures.

This is the second-highest since the 50.5% recorded in January. 

Analysts said the government's cooling measures may have had an impact on sales.

This happened despite the lack of major project launches.

Changi Village recorded the highest price growth for the quarter at 10.40%.   Prices of private properties grew by 3.88% in the fourth quarter, driving the median asking price to an all-time high of $1,791 psf, PropertyGuru reported in its Q4 2021 Property Market Index.   Based on the report, the highest growth in asking price was recorded in Changi Airport, Changi Village (District 17) at 10.40%  to $1,178.10 psf.   Behind Changi Village were Sembawang, Yishun in District 27 (10.23%  to $1,252.61  psf); East Coast, Marine Parade in District 15 (8.56% to $2,187.28 psf); Hougang, Punggol, Sengkang in District 19 (5.52% to $1,504.27 psf); and Pasir Ris, Tampines in District 18 (4.95%  to $1,294.78 psf).   From the top-performing districts in terms of asking price growth, three also had entries in the top 10 best selling condos for the fourth quarter namely Pasir Ris 8 in District 18; OLA, The Florence Residences and Sengkang Grand Residences in District 19; and The Watergardens at Canberra in District 27.   On the other hand, City Hall, Clarke Quay (District 6) had the slowest growth in its median asking price for the quarter, declining 12.30% to $3,000.00 psf. This price, however, according to PropertyGuru is still considered “very healthy.”   Other districts which saw a decline in prices were Mandai, Upper Thomson in District 26 (4.25% to $1,064.92 psf);  Beach Road, Bugis, Rochor in District 7 (2.13% to $2,690.97 psf); Seletar, Yio Chu Kang  n Distroct 28 (2.10%   to $1,194.03 psf); and Newton, Novena  in District 11 (0.15% to $ 2,322.73 psf).

Prices of private residential properties rose by 1.1% in Q3, marking the sixth consecutive quarter of growth.

Meanwhile, a record 583 non-landed homes sold for more than $2m each in the first nine months of the year.

A total of 1,215 private homes were sold. 

The 2021 private homes sales volume is poised to surpass the 20,909 sold in 2020.

The Outside Core Central Region led the new home sales market last month.

This is the highest sales since January 2021.