{"id":4238,"date":"2021-01-18T10:47:00","date_gmt":"2021-01-18T02:47:00","guid":{"rendered":"https:\/\/aprea.asia\/?post_type=knowledge-hub&#038;p=4238"},"modified":"2025-03-27T10:49:20","modified_gmt":"2025-03-27T02:49:20","slug":"q4-2020-singapore-residential-market-update-knight-frank","status":"publish","type":"knowledge-hub","link":"https:\/\/www.aprea.asia\/ja\/knowledge-hub\/q4-2020-singapore-residential-market-update-knight-frank\/","title":{"rendered":"Q4 2020 Singapore Residential Market Update (Knight Frank)"},"content":{"rendered":"<p class=\"\"><strong>HEALTHY TRANSACTION VOLUME AND MODERATE PRICE INCREASE IN A PANDEMIC YEAR<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"\">Prices of non-landed private residential properties (excluding Executive Condominiums (ECs)) in Q4 2020** saw the greatest quarter-on-quarter (q-o-q) increase of 3.2% for 2020, bringing the full-year increase to 2.7% despite the economic turbulence.<\/li>\n\n\n\n<li class=\"\">In 2020*, non-landed private residential sales volume (excluding ECs) totalled 17,830 units, 4.7% more than in 2019 and a surprisingly good showing in a year of crisis. Strong support from needs-based buyers and eligible HDB upgraders combined to form healthy demand, bolstering sentiment despite economic uncertainty and restrictions on the re-issuance of OTPs.<\/li>\n\n\n\n<li class=\"\">There were 9,497 transactions in the primary market accounting for some 53.3% of total sales in 2020*, as developers pushed out new launches amid encouraging sales after Singapore exited the circuit breaker. While the secondary market was slower to regain momentum and trailed with 8,333 sales, sales caught up to some extent with some 2,904 units transacted in Q4* and 2,922 in Q3, more than three times the 760 units in Q2 2020 (Exhibit 1). The practicality of resale units due to its price discount, when compared to new sale units, and the greater choices available will continue to encourage sales.<\/li>\n<\/ul>","protected":false},"featured_media":0,"template":"","meta":{"_acf_changed":true},"kh_category":[16],"class_list":["post-4238","knowledge-hub","type-knowledge-hub","status-publish","hentry","kh_category-market-outlook"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Q4 2020 Singapore Residential Market Update (Knight Frank) - Asia Pacific Real Assets Association<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.aprea.asia\/ja\/knowledge-hub\/q4-2020-singapore-residential-market-update-knight-frank\/\" \/>\n<meta property=\"og:locale\" content=\"ja_JP\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Q4 2020 Singapore Residential Market Update (Knight Frank) - 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