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SINGAPORE: Prices of Housing Board resale flats rose by 4.9 per cent in 2023, a significantly smaller increase compared ...
05/06/2024

SINGAPORE: Prices of Housing Board resale flats rose by 4.9 per cent in 2023, a significantly smaller increase compared with the 10.4 per cent price gain in the previous year and the 12.7 per cent growth in 2021.

It also marks the slowest year-on-year increase since 2019 when prices grew by 0.1 per cent.

Falling demand for resale flats, inflation concerns and higher interest rates are among the reasons for the slower increase in prices, says a property analyst.

SINGAPORE: The market for Housing and Development Board (HDB) resale flats may have peaked, with slowing price growth an...
29/05/2024

SINGAPORE: The market for Housing and Development Board (HDB) resale flats may have peaked, with slowing price growth and dipping demand, according to a PropertyGuru report on Monday (Aug 7).

Data also shows that the private home market is also reaching its peak and prices may stabilise in the coming quarters, the report added.

SINGAPORE: The market for Housing and Development Board (HDB) resale flats may have peaked, with slowing price growth and dipping demand, according to a PropertyGuru report on Monday (Aug 7). Data also shows that the private home market is also reaching its peak and prices may stabilise in the comin...

SINGAPORE: A rising tide lifts all boats, regardless of whether they are in Bukit Batok or Sembawang, and that has been ...
22/05/2024

SINGAPORE: A rising tide lifts all boats, regardless of whether they are in Bukit Batok or Sembawang, and that has been the case with Housing Board (HDB) resale prices in recent years.

Singapore saw the housing market take off in recent years, with resale prices rising to record highs during the pandemic, amid increasing demand and low supply.

While HDB resale prices have hit new highs in nearly all towns, one stands out – Sembawang.

HDB resale prices have gone up across Singapore. But one neighbourhood stands out – Sembawang.

SINGAPORE: Private home prices inched up by 0.8 per cent in the third quarter of 2023, following a 0.2 per cent decline ...
15/05/2024

SINGAPORE: Private home prices inched up by 0.8 per cent in the third quarter of 2023, following a 0.2 per cent decline in the previous quarter, data released by the Urban Redevelopment Authority (URA) showed on Friday (Oct 27).

The authority noted that the average quarterly price increase – around 0.3 per cent – over the past two quarters was “significantly lower” than the average quarterly increase of 2.1 per cent in the whole of 2022.

Private home rentals grew at a slower pace of 0.8 per cent in the third quarter of 2023.

SINGAPORE: Private home prices in Singapore rose at a slower pace for the second consecutive year in 2023, increasing 6....
15/05/2024

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: Prices of Housing Board (HDB) resale flats rose by 1.7 per cent in the first quarter of 2024, higher than the...
15/05/2024

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.

Developers sold 492 new homes excluding executive condos (ECs) in March 2023, according to URA data released on April 17...
16/05/2023

Developers sold 492 new homes excluding executive condos (ECs) in March 2023, according to URA data released on April 17. The figure is 13.9% higher than the 432 units sold in February but 24.8% lower compared to a year ago, when 654 units were sold.

Developers sold 492 new homes excluding executive condominiums (ECs) in March 2023, according to URA data released on April 17.

The recent increase in Additional Buyer’s Stamp Duty (ABSD) for foreign buyers, as well as Singaporean and permanent res...
16/05/2023

The recent increase in Additional Buyer’s Stamp Duty (ABSD) for foreign buyers, as well as Singaporean and permanent resident (PR) investors, gives an advantage to first-time Singaporean and PR buyers. The ABSD rates remain unchanged at 0% for Singaporeans and 5% for PRs first-time buyers. As such, local and PR buyers should seize the opportunity to purchase their first home.

A freehold two-bedroom condo unit in district 9 has an asking price for under $1 million!

URA's property price index showed private home prices rose by 3.3% q-o-q in Q1 2023, accelerating from 0.4% in Q4 2022. ...
16/05/2023

URA's property price index showed private home prices rose by 3.3% q-o-q in Q1 2023, accelerating from 0.4% in Q4 2022. It's the 12th consecutive quarterly increase, says Tricia Song, head of research, Southeast Asia, CBRE.

The price increase in 1Q2023 was driven mainly by landed properties which rose 5.9% q-o-q, and city fringe condos with price gains of 4.4% q-o-q

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