* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Saturday, May 10, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    The Weeknd made the apocalypse sexy at his 2025 tour launch in Arizona – Yahoo

    The Weeknd Turns Up the Heat at His 2025 Tour Launch in Arizona!

    Flutter Entertainment eyes U.S. prediction markets amid growing interest – Sports Business Journal

    Flutter Entertainment Sets Its Sights on U.S. Prediction Markets as Interest Soars

    SXSW Rom-Com ‘I Really Love My Husband’ Acquired for U.S. Release – Variety

    Heartfelt Romance: ‘I Really Love My Husband’ Set to Captivate U.S. Audiences!

    Georgia Entertainment CEO says large-scale production is slowing down – Decaturish

    Georgia Entertainment CEO Warns of Slowdown in Large-Scale Productions

    Zugalu Entertainment Welcomes Crimson Herring Studios to Its Family!

    Fall 2025 TV Schedule: Your Guide to the Complete Lineup – Wyoming News Now

    Get Ready for Fall 2025: Your Ultimate Guide to the Exciting TV Lineup!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Comings and goings: MPT hires VP of technology, NPR announces changes to Business Desk – Current – For people in public media

    Exciting Leadership Changes: MPT Welcomes New VP of Technology and NPR Revamps Business Desk!

    Harnessing emerging technologies to power a small business – The Oaklandside

    Unlocking Success: How Emerging Technologies Can Transform Your Small Business

    Artificial intelligence (AI) – The Guardian

    Unlocking the Future: How Artificial Intelligence is Transforming Our World

    Technology Innovation to Take Center Stage at The 2025 National Restaurant Association Show – Restaurant Technology News

    Get Ready for a Tech Revolution: The 2025 National Restaurant Association Show Unveils Cutting-Edge Innovations!

    Newmont signs deal to use Chrysos Corporation technology – Capital Brief

    Newmont Partners with Chrysos Corporation to Revolutionize Mining Technology

    Air Force Invests in Whisper’s Ultraquiet Propulsion Technology – FLYING Magazine

    Air Force Invests in Whisper’s Ultraquiet Propulsion Technology – FLYING Magazine

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    The Weeknd made the apocalypse sexy at his 2025 tour launch in Arizona – Yahoo

    The Weeknd Turns Up the Heat at His 2025 Tour Launch in Arizona!

    Flutter Entertainment eyes U.S. prediction markets amid growing interest – Sports Business Journal

    Flutter Entertainment Sets Its Sights on U.S. Prediction Markets as Interest Soars

    SXSW Rom-Com ‘I Really Love My Husband’ Acquired for U.S. Release – Variety

    Heartfelt Romance: ‘I Really Love My Husband’ Set to Captivate U.S. Audiences!

    Georgia Entertainment CEO says large-scale production is slowing down – Decaturish

    Georgia Entertainment CEO Warns of Slowdown in Large-Scale Productions

    Zugalu Entertainment Welcomes Crimson Herring Studios to Its Family!

    Fall 2025 TV Schedule: Your Guide to the Complete Lineup – Wyoming News Now

    Get Ready for Fall 2025: Your Ultimate Guide to the Exciting TV Lineup!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Comings and goings: MPT hires VP of technology, NPR announces changes to Business Desk – Current – For people in public media

    Exciting Leadership Changes: MPT Welcomes New VP of Technology and NPR Revamps Business Desk!

    Harnessing emerging technologies to power a small business – The Oaklandside

    Unlocking Success: How Emerging Technologies Can Transform Your Small Business

    Artificial intelligence (AI) – The Guardian

    Unlocking the Future: How Artificial Intelligence is Transforming Our World

    Technology Innovation to Take Center Stage at The 2025 National Restaurant Association Show – Restaurant Technology News

    Get Ready for a Tech Revolution: The 2025 National Restaurant Association Show Unveils Cutting-Edge Innovations!

    Newmont signs deal to use Chrysos Corporation technology – Capital Brief

    Newmont Partners with Chrysos Corporation to Revolutionize Mining Technology

    Air Force Invests in Whisper’s Ultraquiet Propulsion Technology – FLYING Magazine

    Air Force Invests in Whisper’s Ultraquiet Propulsion Technology – FLYING Magazine

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Technology

Singapore Home Sales Lowest in Nine Months as Developer Inventories Swell

October 17, 2023
in Technology
Singapore Home Sales Lowest in Nine Months as Developer Inventories Swell
Share on FacebookShare on Twitter

Shorefront Pasir Riis

The 23-unit Shorefront in Pasir Riis was Singapore’s only new launch in September (Image: The Shorefront)

Singapore’s housing market continued to slow in September with private home sales plunging by 45 percent from the 394 units sold a month prior, falling to a nine-month low of 217 units as developers were seen holding back project launches in the face of growing inventories.

Last month’s sales tally was the lowest since 170 units were sold in December of last year, and was 78 percent short of the 987 homes developers managed to sell in September 2022, according to an analysis of data from the Urban Redevelopment Authority (URA) by real estate agency Propnex.

The slowdown affected the market island-wide after developers released just 68 new homes onto the market last month, which was just a fraction of the 590 units made available in August.

The pause in launches comes after a flurry of new projects this year, coupled with slowing sales pushed the Lion City’s inventory of unsold homes to 3,537 units in September, which was up 72 percent from the 2,058 units of stock on hand at the end of 2022, based on data from OrangeTee & Tie.

“The lack of major launches, cautious market sentiment, and buyer fatigue continued to stymie new home sales in September, following the relatively muted sales in August,” said Wong Siew Ying, research and content head at PropNex. “With private home prices peaking and ample unsold units in the market, coupled with the still high interest rates and cautious sentiment, there may be some inertia in the market where buyers are taking time out to review their options.”

Developers Hold Back

Some analysts saw developers holding back on launching new projects after the market slowed in August, at the same time that homebuyers are becoming more cautious about purchases.

christine sun orangetee

Christine Sun of OrangeTee

“Demand has generally softened after new cooling measures were implemented in April. Some buyers may have also turned to the resale market as price gaps remain wide between new and resale homes,” said Christine Sun, senior vice president of research and analytics at the consultancy firm.

Last month’s total brought third quarter sales to 2,024 units, down 7.5 percent year on year due to  “softer buyer demand in the face of market headwinds,” according to Chia Siew Chuin, residential research head at JLL.

From January to September, developers sold 5,407 condos in Singapore or about 16 percent less than the 6,409 flogged in the same period a year ago. Chia said it was also the lowest nine-month tally in seven years or since the 5,656 units sold in the first three quarters of 2016.

The sole new project launched last month was The Shorefront in the Pasir Ris area of Singapore’s Upper East Coast, which found buyers for just three of its 23 units at a median price of S$1,902 per square foot.

During September, home prices stayed flat in Singapore’s suburban areas, referred to as the Outside of Central Region by the URA, while prices in the urban fringe areas of the Rest of Central region fell by 2.9 percent, according to an analysis by PropNex.

The housing market in downtown Singapore, which is dominated by the luxury market, saw average prices rise 10.5 percent despite sales volume falling 21 percent to 76 units last month – the lowest monthly tally in more than two years.

A Quiet Year End

A continued slowing of project launches will keep the housing market quiet this month, said Propnex’ Wong, although she expects CapitaLand’s 368-unit J’den project in Jurong East to lift sales in November.

Developers are set to roll out at least 1,022 condos over the remainder of the year, including the 474-unit Hillock Green condo in Lentor Hills being built by a consortium led by Soilbuild and UOL Group’s 180-unit Watten House luxury development in Bukit Timah.

Chia said developers are likely to keep prices attractive to boost sales but does not expect heavy discounts. She estimates full-year sales across the city-state to come in between 6,500 and 7,000 units for 2023 after developers sold 7,099 units last year.

“Given that buyers are largely cost-conscious, sensitive pricing by developers for upcoming project launches in 4Q23 could support sales volume,” Chia said. “However, there will not be significant price cuts as developers had committed to earlier capital outlays.”

A URA report on third quarter housing sales showed the average price of a home in Singapore rose 0.5 percent during the period from the preceding three months, rebounding slightly from a 0.2 percent decline in the second quarter.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : MingTiandi – https://www.mingtiandi.com/real-estate/research-policy/singapore-home-sales-lowest-in-nine-months-as-developers-fight-bulging-inventories/

Tags: salesSingaporetechnology
Previous Post

China Resources to Raise Up to $1B in Hong Kong IPO and More Asia Real Estate Headlines

Next Post

Receivers Marketing London Office Tower Seized From Mainland Tycoon

Coupling coordination development of water resources-economy-ecology system in Shanxi Province based on system dynamics – Nature

Coupling coordination development of water resources-economy-ecology system in Shanxi Province based on system dynamics – Nature

May 10, 2025
Yolk’s on you – eggs break less when they land sideways – theregister.com

Egg-cellent Discovery: Why Eggs Break Less When They Land on Their Side!

May 10, 2025
How Science and Culture Are Under Attack—and What We Can Do About It – Greater Good: The Science of a Meaningful Life

Defending Science and Culture: Strategies for a Resilient Future

May 10, 2025
Lifestyle choices can help keep memory exercised, functioning – St. Louis Jewish Light

Boost Your Memory: How Lifestyle Choices Can Enhance Brain Function!

May 10, 2025
2025 IIHF Men’s World Championship Preview – NHL.com

Get Ready for the Thrills: A Sneak Peek at the 2025 IIHF Men’s World Championship!

May 10, 2025
Germany’s new economy boss has a plan — and it starts with risk, speed and big bets – CNBC

Germany’s New Economy Chief Unveils Bold Strategy: Embracing Risk, Speed, and Ambitious Investments!

May 10, 2025
The Weeknd made the apocalypse sexy at his 2025 tour launch in Arizona – Yahoo

The Weeknd Turns Up the Heat at His 2025 Tour Launch in Arizona!

May 10, 2025
‘Alias’ Actor Is Unrecognizable After Unexpected Health Diagnosis – parade.com

Shocking Transformation: ‘Alias’ Actor Unrecognizable After Surprising Health Diagnosis!

May 10, 2025
Opinion | The Politics of Medicaid Reform – WSJ

Navigating the Complex Landscape of Medicaid Reform: A Critical Perspective

May 10, 2025
Comings and goings: MPT hires VP of technology, NPR announces changes to Business Desk – Current – For people in public media

Exciting Leadership Changes: MPT Welcomes New VP of Technology and NPR Revamps Business Desk!

May 10, 2025

Categories

Archives

May 2025
MTWTFSS
 1234
567891011
12131415161718
19202122232425
262728293031 
« Apr    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (598)
  • Economy (609)
  • Entertainment (21,522)
  • General (15,210)
  • Health (9,651)
  • Lifestyle (614)
  • News (22,149)
  • People (612)
  • Politics (616)
  • Science (15,831)
  • Sports (21,119)
  • Technology (15,599)
  • World (599)

Recent News

Coupling coordination development of water resources-economy-ecology system in Shanxi Province based on system dynamics – Nature

Coupling coordination development of water resources-economy-ecology system in Shanxi Province based on system dynamics – Nature

May 10, 2025
Yolk’s on you – eggs break less when they land sideways – theregister.com

Egg-cellent Discovery: Why Eggs Break Less When They Land on Their Side!

May 10, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version