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SINGAPORE – Condominium resale prices rose 7.5 per cent in 2023, with December marking the fifth consecutive month of pr...
23/04/2024

SINGAPORE – Condominium resale prices rose 7.5 per cent in 2023, with December marking the fifth consecutive month of price growth for the market, according to flash data released by real estate portals 99.co and SRX on Jan 25.

Despite a smaller increase of 0.5 per cent in overall resale prices in December compared with 0.8 per cent the month before, fewer units changed hands, as expected during the year-end holiday season.

In 2023, the overall price growth was propped up primarily by homes in the city fringes and suburban regions. Read more at straitstimes.com.

SINGAPORE - Private home prices gained 3.2 per cent in the first quarter of 2023 even as sales dropped, fuelled by a sur...
23/04/2024

SINGAPORE - Private home prices gained 3.2 per cent in the first quarter of 2023 even as sales dropped, fuelled by a surge in landed property prices and overall growth in non-landed prices, particularly in the city fringe.

This is in stark contrast to the tepid gain of 0.4 per cent in the fourth quarter of 2022.

This is in stark contrast to the tepid gain of 0.4 per cent in fourth quarter 2022. Read more at straitstimes.com.

Even in the face of recent headwinds, including higher interest rates, moderating economic activity, and the implementat...
23/04/2024

Even in the face of recent headwinds, including higher interest rates, moderating economic activity, and the implementation of market cooling measures in April 2023, demand for new private homes among Singaporeans has stayed steadfastly strong.

The median age of Singaporean new private home buyers has been on a downward trend, indicating that younger generations of locals will play a more significant role in the new private residential market

2024 is set to be a pivotal year for new property launches. Thirty-one developments are poised to enter the market, offe...
16/04/2024

2024 is set to be a pivotal year for new property launches. Thirty-one developments are poised to enter the market, offering over 12,000 new private homes. The projected launch of 23 projects will introduce approximately 8,800 units, marking a significant uptick from 2023. Large projects, ranging between six to nine, are expected to dominate these launches, potentially driving sales higher.

Explore Singapore's 2024 private housing market trends, including sales, rentals, and luxury developments, with insightful forecasts.

SINGAPORE (EDGEPROP) - Private home prices increased by 0.5% q-o-q in 3Q2023, according to flash estimates released by U...
16/04/2024

SINGAPORE (EDGEPROP) - Private home prices increased by 0.5% q-o-q in 3Q2023, according to flash estimates released by URA on Oct 2. The growth reflects a slight rebound from the 0.2% decline recorded in 2Q2023. The decline, which came off the back of cooling measures announced in April, had marked the first drop in private residential property prices after 12 consecutive quarters of growth.

The growth reflects a reversal from the 0.2% decline recorded in 2Q2023.

SINGAPORE (EDGEPROP) - The global economic slowdown and geopolitical tensions are having a knock-on effect on the privat...
16/04/2024

SINGAPORE (EDGEPROP) - The global economic slowdown and geopolitical tensions are having a knock-on effect on the private housing rental market in 2H2023, says Lee Sze Teck, senior director of Huttons Data Analytics, in a report on Dec 8.

The number of new Employment Pass (EP) holders approved by the Ministry of Manpower (MOM) increased by 10,000 to 197,300 as of June 2023. It pales in comparison to the 25,600 increase in EP holders approved in 2022, bringing the total for the year to 187,300. Huttons' Lee believes it is "highly unlikely" that the full year increase in new EP holders for 2023 will come close to last year's figure.

The rental market is expected to find its footing in 2H2024.

SINGAPORE: Rents for luxury homes have soared amid demand from high net worth individuals, who are willing to pay top do...
16/04/2024

SINGAPORE: Rents for luxury homes have soared amid demand from high net worth individuals, who are willing to pay top dollar for these homes, analysts said.

Singapore's red-hot property market saw rents rising to record highs last year. But signs pointed to a slowing down, with condominium rents up 6.2 per cent in the first quarter – down from 7.5 per cent in the October to December period and 8.3 per cent in July to September.

Rents for landed homes surged 14.5 per cent in the first quarter and 39.3 per cent on a yearly basis.

LATEST government data on Singapore’s private housing market for the third quarter points to signs of prices stabilising...
09/04/2024

LATEST government data on Singapore’s private housing market for the third quarter points to signs of prices stabilising, on the back of high interest rates, cooling measures and cautious economic sentiments denting buying demand.

In the leasing market, too, there is a semblance of demand-supply balance starting to materialise, with continued moderation in rental growth, amid a jump in housing completions this year, especially in Q3.

LATEST government data on Singapore’s private housing market for the third quarter points to signs of prices stabilising, on the back of...

The occupancy cap for bigger HDB flats and private homes will be temporarily raised from six to eight unrelated people w...
09/04/2024

The occupancy cap for bigger HDB flats and private homes will be temporarily raised from six to eight unrelated people who are not from the same family unit from 22 January 2024 to 31 December 2026. Meanwhile, PropertyGuru expects buyers to purchase houses for their use to drive private residential sales in 2024.

The occupancy cap for bigger HDB flats and private homes will be temporarily raised from six to eight unrelated people. Meanwhile, PropertyGuru expects buyers to purchase houses for their use to drive private residential sales in 2024.

SINGAPORE: Prices of Housing Board (HDB) resale flats rose by 1.7 per cent in the first quarter of 2024, higher than the...
09/04/2024

SINGAPORE: Prices of Housing Board (HDB) resale flats rose by 1.7 per cent in the first quarter of 2024, higher than the 1.1 per cent growth in the previous quarter.

Flash estimates released by HDB on Monday (Apr 1) also showed Q1 resale volume, up to Mar 27, had risen 5.5 per cent to 6,928 cases from 6,567 cases in the same period last year.

Property analysts expect the HDB resale market to "remain stable" this year, while private property prices are expected to increase at a steady rate.

SINGAPORE: Private home prices in Singapore rose at a slower pace for the second consecutive year in 2023, increasing 6....
09/04/2024

SINGAPORE: Private home prices in Singapore rose at a slower pace for the second consecutive year in 2023, increasing 6.7 per cent compared with 8.6 per cent in 2022 and 10.6 per cent in 2021.

In the final quarter of 2023, private home prices rose by 2.7 per cent, faster than the figure of 0.8 per cent in the third quarter, according to flash estimates released on Tuesday (Jan 2) by the Urban Redevelopment Authority (URA).

Private home prices rose at a slower pace for the second consecutive year in 2023.

SINGAPORE – Private home prices continued to moderate for a second straight year, growing at a slower pace of 6.7 per ce...
02/04/2024

SINGAPORE – Private home prices continued to moderate for a second straight year, growing at a slower pace of 6.7 per cent in 2023, compared with 8.6 per cent in 2022, even as transaction volumes shrank.

The number of units sold in 2023 fell by about 15 per cent from the year before, to the lowest level since 2016, dampened by several rounds of cooling measures, softer economic conditions and elevated mortgage rates.

Analysts said home sales in 2024 will be driven by owner-occupiers, with cooling measures keeping investors and foreign buyers at bay. Read more at straitstimes.com.

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