Posted on July 16, 2008 by lushhomeonline
Developers sold 1,542 private homes in the second quarter, double the 762 units in the preceding quarter. This takes the total sold in the first half of the year to 2,304, according to the Urban Redevelopment Authority yesterday.
The Q2 number was shored up by the sale of 801 private homes in June alone - a huge jump from the 453 units sold in May and, in fact, the best monthly showing since August last year, when the impact of the US sub-prime crisis struck home.
Even so, the first-half sales - these numbers do not include executive condos - amounted to just about a quarter of the volume in the same period last year.
CB Richard Ellis predicts that full-year sales volume will come in at 4,000-5,000 units, less than half the record 14,811 private homes that developers sold in 2007.
BT’s analysis of URA’s data showed that the stock of private homes that could be launched for sale immediately but have been held back continued to mount, hitting 13,005 at end-June, up 20.5 per cent from the preceding quarter and 68.5 per cent higher than the 7,720 units as at the end of last year.
These units are in projects with the necessary approvals for sale - that is, they have secured sales licence and Building Plan approvals - and include projects under construction as well as those that have received Temporary Occupation Permit.
In addition, there were 3,379 units launched but unsold at the end of June this year - some 40.3 per higher than the end-2007 number.
‘Developers probably got more projects launch-ready by end-June, encouraged by the recent response at showflats,’ a property consultant said.
Looking ahead, this pool of yet-to-be-launched units is expected to be dynamic. ‘For the next one to two quarters, we could see the stock coming down if take-up remains encouraging. In turn, the encouraging sales may also spur other developers to get projects launch-ready and that could again add to the pool of yet-to-be-launched units,’ she added.
URA’s latest monthly survey of developers’ homes sales data in June showed ‘no consistent pattern of a downward adjustment in prices of new launches’, CBRE executive director Li Hiaw Ho said.
‘The differential between the prices contracted in June and in May or April could be attributed to adjustments for floor height and orientation. However, in line with the flash estimates, we expect only a marginal upside in residential prices in Q2.’
Developers launched 1,069 private homes in June, a jump of 125 per cent from 476 units in May.
For the whole of Q2, developers launched a total of 1,820 private homes, taking the figure for first-half 2008 to around 3,200 units.
Knight Frank’s analysis showed that, in June, most units were launched for sale in the Rest of Central Region (RCR) - which commanded a 57 per cent share or 612 units.
The region also accounted for 57 per cent of total private homes sold by developers in June. Successful project launches such as Dakota Residences and Clover By The Park helped boost RCR’s share in June.
For Q2, RCR also made up the lion’s share or 44.2 per cent of units launched, according to Knight Frank.
The highest-priced transaction in June came to $3,653 per square foot, for a unit at Nassim Park Residences, compared with $4,612 psf for a Scotts Square apartment in May. The lowest priced deal last month was $541 psf for an apartment at Sunflower Regency on Lorong 20, Geylang. In May, the lowest price of $518 psf was set by a unit at Palm Galleria in Telok Kurau.
Colliers International director (research and consultancy) Tay Huey Ying said: ‘As developers are increasingly forgoing aggressive pricing strategy in favour of competitive pricing strategy, cumulatively, this will result in a softening in price level for the general market.’
She expects developers to ramp up launches before the Hungry Ghosts Month starts on Aug 1, and predicts that launch volume could cross 1,300 units for July. As new launches are expected to be priced attractively, developers’ sales could possibly hit 1,000 units.
Source : Business Times - 16 Jul 2008
Subscribe to:
Post Comments (Atom)
Blog Archive
-
▼
2008
(752)
-
▼
July
(231)
- 吉宝置业下半年 有望推出777单位公寓
- 財報-購併支出拖累 SAP第2季獲利降9% 仍優於預期
- 軌道房開始“繳械” 滬上樓市盤整加劇
- 上海今年第一塊住宅地底價成交
- 上海新房成交價跌至每平方米11717元
- Less cash upfront but …
- HDB resale market buoyant but upgrader effect stil...
- Record 13,400 homes to be completed next year
- Older landed homes now within reach
- 謝國忠》危機再現
- 債券大王Gross再唱衰美國經濟 預測房市崩潰將損失1兆美元
- 債券大王Gross再唱衰美國經濟 預測房市崩潰將損失1兆美元
- 分析師:原油熊市氣氛仍濃 未來一週最低下探117美元
- 金融管理局局长:通胀率已达顶峰
- Slow demand for office space hits rents
- 金融管理局將2008年通 膨目標由原估的5-6%調高到6-7%
- 美國眾議院表決通過住房市場相關法案
- 上海二手房市場:7月盛夏似寒冬觀望成主流
- 題材多多地產股全線跑贏大市
- 布朗:英國擬明年上半年撤回大半駐伊拉克軍隊
- 力抗通膨 巴西央行施鐵腕 一舉升息3碼至13%
- 健檢 人生最重要的1項投資
- 布局金融股「錯殺行情」
- 樓市拉警報 香港房地產經紀人事大凍結 或掀裁員潮
- 雷曼兄弟報告預計中國房價還會進一步下跌
- Singapore is 13th most expensive city
- Thousands throng showflats at Park Central@AMK
- PropNex to fire non-performing agents this week
- PropNex to fire non-performing agents this week
- 武吉知马一地段再集体求售 价格比去年低四成
- 等待购屋 宏茂桥私人组屋 3000人参观示范单位 首两小时130人登记抽签选购
- 连续三个月维持在26年来最高水平 6月通胀率仍居高不下
- 紐約匯市─美財長Paulson發表演說 美元匯價創兩周最大升幅
- 鮑爾森:美國房屋市場可能很快反轉
- UK home prices fall for first time since 2002
- Govt to delay additional S$1.7b worth of public se...
- 上海首批160萬平方米經濟適用房三季度將全面開工
- 萬科帶頭降價“上海房價聯盟”瓦解
- 与次贷危机共存 胡舒立
- Condo sales in S’pore hit by bad news from US
- Johor’s Horizon Hills attracts foreign buyers
- 上海推“頂級”住宅用地 樓板價格達到2.2萬元/平方米。
- 海峡时报指数(STI) 080721
- 花旗:美英房價還要跌兩年
- Park Central development: Condo-like flats for les...
- UE’s Park Central @ AMK to sell for $490-500 psf
- A-Reit: Q1 distributable income of $52m
- Big property stand-off
- 宏茂桥私人组屋下周发售 平均每平方英尺500元
- 用清雅白色裝修夏日家居
- Landmark en bloc ruling
- The Wharf Residence
- Morning Market Report 080718
- 滬高檔公寓租金收益不如存款 來源:《東方早報》
- 重新装潢月租3000元 老式三房组屋摇身变租屋
- 花拉阁地段 将发展为中高档私宅
- 嘉德和旅店置业:宁愿持守 豪宅不会削价求售
- 仲量联行: 如果次贷风暴持续 豪华房产转售价可能跌一成
- JLL predicts up to 4.5% dip in typical prime distr...
- KL property: On the home front
- New face in Farrer
- 上海將研究制訂稅費支持政策鼓勵居民租房
- 統計數據顯示:滬寧兩地出現房價回落態勢
- 分析〉歐元區出現衰退跡象 不受美國經濟影響?太天真了!
- 以舊翻新更划算 二手房翻新木地板可以更省錢
- 美元/日元:美國民主黨討論戰略石油儲備
- Jones Lang LaSalle says S’pore’s prime property ma...
- CapitaLand to build 1,500 high-end homes on site o...
- Malaysian real estate sector may face rocky road a...
- CapitaMall Trust to distribute 3.52 cents per unit...
- 廣州6月一手住宅均價為每平米9,569元環比跌9.1%
- Forced sales loom over UK real estate scene
- 回歸多頭時機 最快落在第四季 三大名師會診台股後勢
- 雷曼:中國全年CPI預期從6.5%上調至7.2%
- 廣州首付促銷重現樓市 業界:下半年資金壓力更大
- 歐美閒置房經驗:空置一年以上陌生人就可以住
- The IR effect on housing demand
- 美以对垒伊朗:奥运外的危机?
- 李兆基:港股9月可转守为攻
- 晚晴园附近酒店地三方出手标价偏低
- ‘Realistic’ prices drive home sales
- 布什撤销美国海域勘探石油禁令
- Private home market stirs to life again
- 地铁滨海市区线第二阶段新站揭晓 地铁线穿过私宅区 武吉知马房价料升
- 地铁环线第三阶段 可在明年中通车
- 第二阶段将于2015年完工 滨海市区线12地铁站位置揭晓
- 陈惠华:政府应该大幅调整 鼓励结婚生育措施
- 丹那美拉地铁站对面 私宅地段招标
- Up 77%: New private home sales
- LTA unveils locations of DTL stage 2 stations
- Singapore home sales in June up 80% from May
- Choice Tanah Merah site for sale
- 1970年代危機似重演 索羅斯:這是一生中最嚴重的金融危機
- Condo sales at showflats tapering off
- 兵分三路白宮全力營救房貸兩巨頭
- 美股盤後─IndyMac銀行倒閉抵銷政府紓困 道瓊下跌45點
- 南艺去年毕业生 比前年更快找到工作
- 大众私宅楼盘 销售表现参差不齐
- 别当‘老’爸 人老机器坏 精子多缺陷 男人超过35岁 伴侣流产风险大
- 按图索骥
-
▼
July
(231)
No comments:
Post a Comment