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Residential Sales Singapore

August 2020

Report

Reihe: Savills Market in Minutes

Anbieter: Savills

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  • Erscheinungsdatum : 15.08.2020
  • Seiten : 5 Seiten
  • Datei-Typ : PDF-Datei
  • Größe : 390,16 kB
  • Sprache(n) : Englisch

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Inhalt

  • A total of 1,852 uncompleted private residential units were offered for sale by developers in the second quarter of 2020, down 11.5% quarter-on-quarter (QoQ).
  • Sales in the primary market were better than expected, especially after the Circuit Breaker (CB) period. Developers moved 1,713 private residential units in the three months from April to June. Among these, about 60% of transactions were recorded in June.
  • The secondary market for private residential properties was quite lacklustre in the second quarter. Island-wide transaction volumes plunged by 55.1% QoQ to 951 units, the lowest since Q1/1998.
  • In spite of lower transaction volumes, private home prices tracked by the URA edged up 0.3% QoQ in Q2/2020, reversing the 1.1% decline in the flash estimates released on July 1st.

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