SG New Launch 2024

15/05/2024

The luxury non-landed resale market saw 40 deals done in 1Q2024, a 17.6% q-o-q rise in volume compared to the 34 deals in 4Q2023. In total, the market recorded a total transaction volume of $282.9 million in the luxury resale market over the first three months of this year, which is 4.2% higher than the $271.6 million transacted in 4Q2023.

The largest GCB deal last quarter, in terms of absolute price, was the sale of 15 Ford Avenue, a 19,554 sq ft GCB, for $39.5 million.

15/05/2024

The sale of a three-bedroom unit at Spanish Village topped the list of profitable condo resale transactions during the week of April 23 to 30. The 2,056 sq ft unit on the fifth floor changed hands for $4.2 million ($2,043 psf) on April 24. The seller bought the unit in November 1995 for $1.5 million ($730 psf). Thus, they raked in a gain of $2.7 million, or 180%, after owning the unit for 28½ years.

This is the most profitable condo resale transaction ever recorded at Spanish Village, based on caveats lodged. It surpasses the previous record gain of $2.11 million made from the sale of a 1,604 sq ft unit for $3.18 million ($1,983 psf) in July 2022. The seller had purchased the unit in February 2003 for $1.07 million ($667 psf).

The 2,056 sq ft unit at Spanish Village changed hands for $4.2 million ($2,043 psf) on April 24.

15/05/2024

Among the condos and apartments that hit a new peak in terms of psf-price transacted between April 19 and April 26, Newton Suites ranked the highest. This was achieved with the sale of a 1,238 sq ft three-bedroom unit on the 28th floor for $3.05 million on April 22. The price translates to $2,464 psf.

This is 7.8% higher than the apartment’s former record of $2,286 psf that was set in July 2022 when the unit on the 17th floor in the same stack was sold for $2.83 million.

The Residences at W Singapore Sentosa Cove hit a new psf-price low for the second week running.

07/05/2024

SINGAPORE - Resale condo volume and prices saw only a slight uptick in February, attributed to Chinese New Year festivities.

Despite the sluggish start to 2024, analysts remain optimistic about the market’s prospects, with expectations that resale transactions could start to pick up in the coming months.

Buyers are expected to return as resale market shows signs of stabilising. Read more at straitstimes.com.

30/04/2024

Singapore home prices rose for a second straight quarter, as local demand continued to prop up the market despite government cooling measures.

Private residential prices climbed 2.7% in the last three months of 2023 from the previous quarter, when they gained 0.8%, according to preliminary estimates released Tuesday by the Urban Redevelopment Authority.

Singapore home prices rose for a second straight quarter, as local demand continued to prop up the market despite government cooling measures.

23/04/2024

Singapore home prices rose for a third consecutive quarter, withstanding months of tepid sales and warnings from authorities about high interest rates.

16/04/2024

Prices of executive condominiums in Singapore have almost doubled in the last decade. The average price per square foot has climbed from about S$800 in 2014 to S$1,500 today.

Prices of executive condominiums in Singapore have almost doubled in the last decade. The average price per square foot has climbed from about S$800 in 2014 to S$1,500 today. Analysts said it may be time to look into ramping up the supply of land set aside for ECs to not only meet demand, but also k...

16/04/2024

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.

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

16/04/2024

PRIVATE residential property prices in Singapore rose 2.7 per cent for the fourth quarter of 2023, pulled up by sales at new launches priced at fresh benchmarks amid low transaction volume.

PRIVATE residential property prices in Singapore rose 2.7 per cent for the fourth quarter of 2023, pulled up by sales at new launches priced at fresh benchmarks amid low transaction volume. Read more at The Business Times.

03/04/2024

SINGAPORE: A mix of private and public properties with the potential for up to 60,000 new homes would likely be built on the upcoming “Long Island” reclaimed site at East Coast Park’s shoreline, property analysts told CNA.

With no firm plans in place, however, it remains to be seen how existing properties along the East Coast will be affected in terms of prices and views, the analysts added.

The government on Tuesday (Nov 28) announced that it will begin technical studies for the decades-long project to see how coastal protection measures can be integrated with the reclamation plans. These studies will be carried out over the next few years starting from 2024.

Property analysts told CNA that sea views from existing properties along the East Coast could be blocked by new Long Island developments, although no firm plans for housing are in place yet.

27/03/2024

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.

The full-year figure comes as data released by the Housing and Development (HDB) on Friday (Jan 26) showed that for the fourth quarter of 2023, resale prices rose by 1.1 per cent, lower than the 1.3 per cent growth in the previous quarter.

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.

20/03/2024

SINGAPORE: Ms Chen and her husband, who live in a 3-room flat, hope to move to a condominium with dog-friendly facilities and gated walking areas in about five years’ time.

The 29-year-old professional and her husband bought a resale flat last year as they were not willing to wait four to five years for a Build-To Order (BTO) unit. However, the couple don’t think they can bank on using the profit from selling their flat to finance a new home.

Analysts had differing views on whether prices in the private and public property markets are diverging and if this can lead to more inequality.