Private sales slipped 26.9% month-on-month in October

October launch of the new private projects, not much in the month of year-on-year sales slipped to 26.9% 928 one. The developer has unveiled a new unit 892 only a few months, the former by nearly half.

The urban renewal authority, according to figures released yesterday, if you include the implementation of the condominium, October sales of new homes for 955 units, lower month-on-month 26.4%.

to type, it represents the highest sales of homes outside the central region of mass (OCR), sold a total of 391 units; Mid-range homes on behalf of other central region (RCR), there were 355 units sold. High-end homes belonging to the central core of 182 (CCR) has sold a unit that is reached its highest level since July 2017.

When compared to the same period last year, overall sales this year by 84.9%, the developer has unveiled a new unit is three times higher.

In October, with no major new private projects, particularly in the less popular than in the central region of the central region, sales and other natural followed declines.

He Deng (Hutton) Real Estate Group research director Li party noted that “the October launch of the new private homes, mainly in the core central region, such as Roman Xuan (Neu at Novena), coastal name sinks (Midtown Bay) and Royal Court (Royalgreen), but sales in October core central region of new home sales is two years of high, because as the new private item price attractive.”

These three items were sold in October, 54, 48 and 42 units, the median price per square foot to 2585 yuan and 2900 yuan and 2741 yuan.

Although sales of high-end homes are expensive, but non-destructive buyer interest.

According to a research and consulting industry Orangei charge can put Yan, observed over the last 10 months, with 104 price of 5,000,000 yuan or more unless there is a luxury units sold in the first 10 months of 2011 surged. There were 42 separate units for more than 10,000,000 yuan or sold.

Other parts of the project launched earlier sales continued to maintain good grades.

The highest October sales is located the Eunos Dong Jing court (Parc Esta), followed by the Treasure at Tampines were sold at 92 and 88 yards, and the median unit price is $1686 and $1373.

Singapore, head of research at Colliers International, said the song “buyers in choosing a house remains cautious, and focus on value for money, like proximity to major transport infrastructure Dong Jing Court, Ju Po yuan and Roman Xuan.”

She predicted that prices will continue to stabilize, but based on an economic slowdown and adequate supply factors, such as limited price increases in the full year, total may rise.

ERA of industrial research consulting director Mak Chong win pointed out that next year there will be more new homes, the scheme’s launch earlier trading project will also release a new batch of units, if the current demand for new units, by then, instead of worrying about no buyers. He also thinks Hong Kong mess would lead to more foreign investors to buy local real estate.