Read more Ascendas Reit acquires office development in Melbourne for $104 mil

Ascendas Reit acquires office development in Melbourne for $104 mil

According to URA data, programmers only sold 928 units in October (955 units such as executive condos ), compared to 1,270 units in the last month.

But on a year-to-year comparison, the statistics reveal an 84.9percent increase.

The new houses sold in October from the Core Central Region (CCR) tripled to 182 units from September, the largest listed as March 2016, together with Singaporeans purchasing 133 of these components.

Analysts said the fantastic performance was mainly as a result of new job launches in the area, such as Midtown Bay Residences, Neu at Novena and Royalgreen. Another new launch this month was Midwood, over the Exterior of Central Region (OCR).

READ: Guocoland’s Midtown Bay Condo: 5 Important Points Of Interest

The lack in major launches from town fringe and mass-market sections such as the OCR might have been a factor in the sales fall, said OrangeTee and Tie head of research and consultancy Christine Sun.

“Sales volumes are normally reduced when more luxury jobs are being launched in a particular month, due to the higher cost tags and reduced affordability,” she said.

URA Realis data demonstrate that this year saw 104 non-landed new houses sales reach S$5 million and above, that’s the maximum mark because 155 have been purchased from January to October 2011, added Sun.

High-profile transactions, such as James Dyson’s purchase of Singapore’s most expensive apartment, led to”significant favorable thoughts for programmer sales,” said land analyst Ong Kah Seng.

Ong considers the nation’s possessions will become more attractive for overseas buyers wanting stable investments.

“There is increasing international attractiveness of Singapore residential properties as providing longer term stability to all profiles of buyers, such as from foreigners that are eschewing investments in Hong Kong because of that town’s heightening social turbulence,” he noticed.