Amidst poor market conditions and the dearth of private property launches, experts expect a slow but steady start to the year.
According to figures released by the Urban Redevelopment Authority (URA), a total of 322 new-homes were sold in January, marking a 16.1 per cent decrease from the number of units sold during December last year.
Nonetheless, despite slower sales, private developers still remain optimistic in a market of cautious buyers. Overall sales numbers remain encouraging as buyers are readily taking on unsold units from previous property launches.
New private home sales this year could hit about 7,000 – similar to 2014, with 7,316 homes sold, and last year’s 7,440 figure.
Experts say January is typically a slow month for property sales. However, as the celebrations for the Lunar Year of the Monkey draws to a close, several projects are set to launch. These new upcoming project launches include condos at The Wisteria and Sturdee Residences as well as ECs at Wandervale and The Visionaire, experts predict that overall new-home sales figures may reflect a similar trend as previous years.
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Looking to sell your property?
Whether your HDB apartment is reaching the end of its Minimum Occupation Period (MOP) or your condo has crossed its Seller Stamp Duty (SSD) window, it is always good to know how much you can potentially gain if you were to list and sell your property. Not only that, you’ll also need to know whether your gains would allow you to right-size to the dream home in the neighbourhood you and your family have been eyeing.
One easy way is to send us a request for a credible and trusted property consultant to reach out to you.
Alternatively, you can jump onto 99.co’s Property Value Tool to get an estimate for free.
If you’re looking for your dream home, be it as a first-time or seasoned homebuyer or seller – say, to upgrade or right-size – you will find it on Singapore’s fastest-growing property portal 99.co.
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