Sengkang & Punggol

Sengkang & Punggol โค This page is dedicated to all things on SENGKANG / PUNGGOL! From the latest news, developments,

๐’๐ˆ๐๐†๐€๐๐Ž๐‘๐„ ๐๐‘๐Ž๐๐„๐‘๐“๐˜ ๐Œ๐€๐‘๐Š๐„๐“ ๐Ÿ”ด ๐๐”๐€๐‘๐“๐„๐‘๐‹๐˜ ๐‘๐„๐๐Ž๐‘๐“ (๐๐Ÿ‘ ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ‘)The latest government data on Singaporeโ€™s private housing and publ...
05/11/2023

๐’๐ˆ๐๐†๐€๐๐Ž๐‘๐„ ๐๐‘๐Ž๐๐„๐‘๐“๐˜ ๐Œ๐€๐‘๐Š๐„๐“
๐Ÿ”ด ๐๐”๐€๐‘๐“๐„๐‘๐‹๐˜ ๐‘๐„๐๐Ž๐‘๐“ (๐๐Ÿ‘ ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ‘)

The latest government data on Singaporeโ€™s private housing and public housing markets for the third quarter points to signs of price stabilisation, on the back of high interest rates, cooling measures and cautious economic sentiments denting buying demand. In the leasing market, amidst a jump in housing completions in Q3, demand and supply appear to be balancing out and moderating rental growth.

Prices of resale ๐—›๐——๐—• flats inched up 1.3% in the third quarter of this year, lower than the 1.5% hike in Q2. The rise in Q3 remained below the average quarterly growth of 2.5% in 2022. Meanwhile, transaction volumes of resale flats rose 2.8% in Q3 to 6,695 units, from the 6,514 units in the previous quarter. Year on year, this was an 11.3% decline. The resale volume was the lowest recorded in the third quarter over the last three years. Among HDB unit types, five-room and executive flats accounted for a smaller proportion of total sales in Q3. There were 128 million-dollar deals in the third quarter, 24.3% more than the 105 deals recorded in the previous quarter.

The number of ๐—ฝ๐—ฟ๐—ถ๐˜ƒ๐—ฎ๐˜๐—ฒ ๐—ต๐—ผ๐—บ๐—ฒ๐˜€ sold dropped 3.5% to 5,201 units in Q3 2023 from 5,388 units in the previous quarter. There were declines in both developer sales and in the resale market, though sub-sale volumes rose to 355 units in Q3 2023 from 285 units in Q2 2023. Even though private home prices rebounded from a 0.2% drop in the previous quarter, this is the second straight quarter where price gains are less than 1% and below a quarterly average growth of 2.1% in the past three years. Year to date, the price index grew at a slower pace of 3.9%, compared with 8.2% in the same period in 2022 and 5.3% in 2021.

"๐˜›๐˜ฐ๐˜ถ๐˜ค๐˜ฉ๐˜ช๐˜ฏ๐˜จ ๐˜“๐˜ช๐˜ท๐˜ฆ๐˜ด,
๐˜Š๐˜ฐ๐˜ฏ๐˜ฏ๐˜ฆ๐˜ค๐˜ต๐˜ช๐˜ฏ๐˜จ ๐˜—๐˜ฆ๐˜ฐ๐˜ฑ๐˜ญ๐˜ฆ ๐˜›๐˜ฉ๐˜ณ๐˜ฐ๐˜ถ๐˜จ๐˜ฉ ๐˜™๐˜ฆ๐˜ข๐˜ญ ๐˜Œ๐˜ด๐˜ต๐˜ข๐˜ต๐˜ฆ.."

๐๐€๐”๐‹๐ˆ๐๐„ ๐‚๐‡๐”๐€
Senior Marketing Director
Huttons Asia Pte Ltd
www.paulinechua.com
8692 7272

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๐’๐ˆ๐๐†๐€๐๐Ž๐‘๐„ ๐๐‘๐Ž๐๐„๐‘๐“๐˜ ๐Œ๐€๐‘๐Š๐„๐“๐Ÿ”ด ๐๐”๐€๐‘๐“๐„๐‘๐‹๐˜ ๐‘๐„๐๐Ž๐‘๐“ (๐๐Ÿ ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ‘)Prices for ๐—ฟ๐—ฒ๐˜€๐—ฎ๐—น๐—ฒ ๐—›๐——๐—• increased at a higher rate of 1.5% in Q2 2023...
20/08/2023

๐’๐ˆ๐๐†๐€๐๐Ž๐‘๐„ ๐๐‘๐Ž๐๐„๐‘๐“๐˜ ๐Œ๐€๐‘๐Š๐„๐“
๐Ÿ”ด ๐๐”๐€๐‘๐“๐„๐‘๐‹๐˜ ๐‘๐„๐๐Ž๐‘๐“ (๐๐Ÿ ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ‘)

Prices for ๐—ฟ๐—ฒ๐˜€๐—ฎ๐—น๐—ฒ ๐—›๐——๐—• increased at a higher rate of 1.5% in Q2 2023 compared to the 1.0% increase in the previous quarter. Resale HDB volume meanwhile, dropped by 6.7% quarter-on-quarter. While this could suggest some buyer resistance to price increase, some analysts pointed out this could also be due to some delays caused by the newly implemented HFE system.

The number of ๐—ฝ๐—ฟ๐—ถ๐˜ƒ๐—ฎ๐˜๐—ฒ new launch units increased in Q2 2023, and this contributed to the 69% increase in new private residential sale volume. Private residential resale volume dipped 1.5%, with 2,376 units changing hands. In comparison, 2,413 units were sold in the first quarter. Condos in the suburbs formed 50.4% of the total condo transactions. The second half of 2023 will see some 11,000 private homes being completed and push housing supply to a seven-year high, which may continue to stabilise prices.

Prices for ๐—ถ๐—ป๐—ฑ๐˜‚๐˜€๐˜๐—ฟ๐—ถ๐—ฎ๐—น properties remained stable while prices for resale ๐—น๐—ฎ๐—ป๐—ฑ๐—ฒ๐—ฑ increased quarter-on-quarter, but at a decreased rate.

Following the latest round of property cooling measures in April which doubled the Additional Buyerโ€™s Stamp Duty rate on foreigners acquiring any residential property in Singapore, ๐—ณ๐—ผ๐—ฟ๐—ฒ๐—ถ๐—ด๐—ป ๐—ฏ๐˜‚๐˜†๐—ถ๐—ป๐—ด has declined. 109 new non-landed homes were purchased by foreigners in Q2 2023; of these, 26 are buyers from the US, and 19 are from China.

"๐˜›๐˜ฐ๐˜ถ๐˜ค๐˜ฉ๐˜ช๐˜ฏ๐˜จ ๐˜“๐˜ช๐˜ท๐˜ฆ๐˜ด,
๐˜Š๐˜ฐ๐˜ฏ๐˜ฏ๐˜ฆ๐˜ค๐˜ต๐˜ช๐˜ฏ๐˜จ ๐˜—๐˜ฆ๐˜ฐ๐˜ฑ๐˜ญ๐˜ฆ ๐˜›๐˜ฉ๐˜ณ๐˜ฐ๐˜ถ๐˜จ๐˜ฉ ๐˜™๐˜ฆ๐˜ข๐˜ญ ๐˜Œ๐˜ด๐˜ต๐˜ข๐˜ต๐˜ฆ."

๐๐€๐”๐‹๐ˆ๐๐„ ๐‚๐‡๐”๐€
Senior Marketing Director
Huttons Asia Pte Ltd
www.paulinechua.com
WhatsApp: wa.me/6586927272

www.instagram.com/paulinechuarealestate
LinkedIn.com/in/paulinechuarealestate
bit.ly/PaulineChuaYouTube












๐—ฆ๐—œ๐—ก๐—š๐—”๐—ฃ๐—ข๐—ฅ๐—˜ ๐—ฃ๐—ฅ๐—ข๐—ฃ๐—˜๐—ฅ๐—ง๐—ฌ ๐— ๐—”๐—ฅ๐—ž๐—˜๐—ง: ๐ŸŸ  ๐—›๐——๐—• (๐Ÿฎ๐Ÿฌ๐Ÿฎ๐Ÿฎ, ๐Ÿฎ๐Ÿฌ๐Ÿฎ๐Ÿฏ, ๐Ÿฎ๐Ÿฌ๐Ÿฎ๐Ÿฐ)   |  wa.me/6586927272๐—›๐——๐—• resale prices increased by 10.4% in 2022, l...
26/03/2023

๐—ฆ๐—œ๐—ก๐—š๐—”๐—ฃ๐—ข๐—ฅ๐—˜ ๐—ฃ๐—ฅ๐—ข๐—ฃ๐—˜๐—ฅ๐—ง๐—ฌ ๐— ๐—”๐—ฅ๐—ž๐—˜๐—ง:
๐ŸŸ  ๐—›๐——๐—• (๐Ÿฎ๐Ÿฌ๐Ÿฎ๐Ÿฎ, ๐Ÿฎ๐Ÿฌ๐Ÿฎ๐Ÿฏ, ๐Ÿฎ๐Ÿฌ๐Ÿฎ๐Ÿฐ)
| wa.me/6586927272

๐—›๐——๐—• resale prices increased by 10.4% in 2022, lower compared to the 12.7% increase in 2021. In 2022, total resale volume was close to 28,000, 10.1% lower than in 2021.

In 2023, experts forecast price growth to further moderate given that price resistance has already started to kick in amidst the price rally, interest rate hike and following the recent cooling measures.

More than 20,000 flats were completed in 2022. HDB plans to complete another 20,000 BTO flats in 2023. Additionally, up to 23,000 BTO flats will be launched this year, an increase of about 35% from 2021. This could divert some demand from the HDB resale market.

Furthermore, HDB aims to launch even more shorter waiting time flats from 2024. Home buyers who are willing to accept the waiting time may look into new flats.

Buyers with more urgent housing needs will continue to explore the resale HDB market. Analysts anticipate that demand for resale flats in non-mature estates will increase in the meantime.

๐—•๐˜‚๐—ฑ๐—ด๐—ฒ๐˜ ๐Ÿฎ๐Ÿฌ๐Ÿฎ๐Ÿฏ rolls out higher CPF housing grants to first-timer buyers of resale flats (see infographic below), as well as additional BTO ballot for first-timer families with children and couples under 40 years old.

Some home buyers may choose to enter the private residential market. ๐—ฆ๐—–๐—”๐—ก ๐˜๐—ต๐—ฒ ๐—ค๐—ฅ ๐—–๐—ผ๐—ฑ๐—ฒ bit.ly/Upcoming-New-Launches to find out about the 2023 New Launches.

"๐˜›๐˜ฐ๐˜ถ๐˜ค๐˜ฉ๐˜ช๐˜ฏ๐˜จ ๐˜“๐˜ช๐˜ท๐˜ฆ๐˜ด,
๐˜Š๐˜ฐ๐˜ฏ๐˜ฏ๐˜ฆ๐˜ค๐˜ต๐˜ช๐˜ฏ๐˜จ ๐˜—๐˜ฆ๐˜ฐ๐˜ฑ๐˜ญ๐˜ฆ ๐˜›๐˜ฉ๐˜ณ๐˜ฐ๐˜ถ๐˜จ๐˜ฉ ๐˜™๐˜ฆ๐˜ข๐˜ญ ๐˜Œ๐˜ด๐˜ต๐˜ข๐˜ต๐˜ฆ."

๐๐€๐”๐‹๐ˆ๐๐„ ๐‚๐‡๐”๐€
Associate Senior Marketing Director
Huttons Asia Pte Ltd
www.paulinechua.com
WhatsApp: wa.me/6586927272

www.instagram.com/paulinechuarealestate
LinkedIn.com/in/paulinechuarealestate
bit.ly/PaulineChuaYouTube

๐——๐—ถ๐—ฑ ๐—ฌ๐—ผ๐˜‚ ๐—ž๐—ป๐—ผ๐˜„? A 1,141sqft 5 room HDB at Pinnacle @ Duxton was sold at $1.4m in March 2023. A record 370 million-dollar flats were transacted in 2022, up from 259 such deals in 2021. These make up 1.38% of total transactions for the year. Analysts anticipate that the number of million-dollar flat transactions will reduce to around 200 - 300 in 2023.








๐’๐ˆ๐๐†๐€๐๐Ž๐‘๐„ ๐๐‘๐Ž๐๐„๐‘๐“๐˜ ๐Œ๐€๐‘๐Š๐„๐“:๐Ÿ”ด ๐๐„๐– ๐๐‘๐Ž๐‰๐„๐‚๐“๐’ ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ‘ (๐„๐€๐’๐“)bit.ly/Upcoming-New-Launches ๐—ง๐—ต๐—ฒ ๐—˜๐—ฎ๐˜€๐˜ ๐˜€๐—ถ๐—ฑ๐—ฒ of Singapore has long bee...
04/03/2023

๐’๐ˆ๐๐†๐€๐๐Ž๐‘๐„ ๐๐‘๐Ž๐๐„๐‘๐“๐˜ ๐Œ๐€๐‘๐Š๐„๐“:
๐Ÿ”ด ๐๐„๐– ๐๐‘๐Ž๐‰๐„๐‚๐“๐’ ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ‘ (๐„๐€๐’๐“)
bit.ly/Upcoming-New-Launches

๐—ง๐—ต๐—ฒ ๐—˜๐—ฎ๐˜€๐˜ ๐˜€๐—ถ๐—ฑ๐—ฒ of Singapore has long been associated with good food and instagrammable houses and buildings. More exciting times ahead as the East side community can look forward to at least 10 new property developments coming its way this year.

The first launch of 2023 โ€“ ๐—ฆ๐—ฐ๐—ฒ๐—ป๐—ฒ๐—ฐ๐—ฎ ๐—ฅ๐—ฒ๐˜€๐—ถ๐—ฑ๐—ฒ๐—ป๐—ฐ๐—ฒ, saw a take-up rate of 60% at an average price of $2,072psf at its launch on 14 January 2023. Of the units sold, 75% are 1- and 2-bedroom units. Singaporeans make up 88.5% of the total number of home buyers. Sceneca Residence is a mixed-use development with direct access to Tanah Merah MRT station.

Coming right up after Sceneca Residence, 3 other major projects in the Eastern region are in the pipeline:

โœ… ๏ธ๐—ง๐—ฒ๐—บ๐—ฏ๐˜‚๐˜€๐˜‚ ๐—š๐—ฟ๐—ฎ๐—ป๐—ฑ at Jalan Tembusu, a 638-unit joint development by CDL and MCL Land
(โœด๏ธPreview: March 2023)

โœ…๏ธ ๐—ง๐—ต๐—ฒ ๐—–๐—ผ๐—ป๐˜๐—ถ๐—ป๐˜‚๐˜‚๐—บ, a freehold 816-unit development at Thiam Siew Avenue by Hoi Hup and Sunway (โœด๏ธPreview: March/April 2023)

โœ…๏ธ ๐—š๐—ฟ๐—ฎ๐—ป๐—ฑ ๐——๐˜‚๐—ป๐—บ๐—ฎ๐—ป, a Dunman Road GLS 1,035-unit mega development by Singhaiyi Group (โœด๏ธPreview: Q2/Q3 2023)

With ๐—ฝ๐—ผ๐—ฝ๐˜‚๐—น๐—ฎ๐—ฟ ๐˜€๐—ฐ๐—ต๐—ผ๐—ผ๐—น๐˜€ like Haig Girlsโ€™, Tanjong Katong Girlsโ€™ and Chung Cheng High in the vicinity, you might want to check these out.

Scan the ๐—ค๐—ฅ ๐—–๐—ข๐——๐—˜ (๐—ฅ๐—ฒ๐—ฑ ๐—•๐—ผ๐˜…) bit.ly/Upcoming-New-Launches to read more and register for updates and showflat previews.

"๐˜›๐˜ฐ๐˜ถ๐˜ค๐˜ฉ๐˜ช๐˜ฏ๐˜จ ๐˜“๐˜ช๐˜ท๐˜ฆ๐˜ด,
๐˜Š๐˜ฐ๐˜ฏ๐˜ฏ๐˜ฆ๐˜ค๐˜ต๐˜ช๐˜ฏ๐˜จ ๐˜—๐˜ฆ๐˜ฐ๐˜ฑ๐˜ญ๐˜ฆ ๐˜›๐˜ฉ๐˜ณ๐˜ฐ๐˜ถ๐˜จ๐˜ฉ ๐˜™๐˜ฆ๐˜ข๐˜ญ ๐˜Œ๐˜ด๐˜ต๐˜ข๐˜ต๐˜ฆ."

๐๐€๐”๐‹๐ˆ๐๐„ ๐‚๐‡๐”๐€
Associate Senior Marketing Director
Huttons Asia Pte Ltd
www.paulinechua.com
WhatsApp: wa.me/6586927272

www.instagram.com/paulinechuarealestate
LinkedIn.com/in/paulinechuarealestate
bit.ly/PaulineChuaYouTube









๐——๐—ถ๐—ฑ ๐—ฌ๐—ผ๐˜‚ ๐—ž๐—ป๐—ผ๐˜„? For the whole of 2022, sales volume of new homes fell by about 36% compared with 2021. An estimated 4,500 to 4,600 units (across 21 projects) were launched in 2022 โ€“ less than half of 2021โ€™s launch volume. For the whole of 2022, private home prices grew 8.4%, slowing from 2021โ€™s 10.6% rise. Analysts are of the view that the rising interest rates will peak this year and pose marginal deterrence to new project buyers since mortgage payment is progressive. Some 50 new projects totalling 13,000 to 14,000 new home units may be launched in 2023. Over 3,000 units across 12 new property launches are expected in the East.

๐๐”๐ƒ๐†๐„๐“ ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ‘ - ๐’๐ˆ๐๐†๐€๐๐Ž๐‘๐„ ๐๐‘๐Ž๐๐„๐‘๐“๐˜    |  wa.me/6586927272 ๐—•๐—จ๐——๐—š๐—˜๐—ง ๐Ÿฎ๐Ÿฌ๐Ÿฎ๐Ÿฏ sets out key moves to secure a brighter future as Si...
18/02/2023

๐๐”๐ƒ๐†๐„๐“ ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ‘ - ๐’๐ˆ๐๐†๐€๐๐Ž๐‘๐„ ๐๐‘๐Ž๐๐„๐‘๐“๐˜
| wa.me/6586927272

๐—•๐—จ๐——๐—š๐—˜๐—ง ๐Ÿฎ๐Ÿฌ๐Ÿฎ๐Ÿฏ sets out key moves to secure a brighter future as Singapore moves forward in a new post-pandemic era. A multi-pronged approach will be adopted to build on our economy competitiveness, strengthen our social compact, build our collective resilience, and to ensure a competitive and fair tax system.

As part of a collective effort to ๐—ด๐—ฒ๐—ป๐—ฒ๐—ฟ๐—ฎ๐˜๐—ฒ ๐—ป๐—ฎ๐˜๐—ถ๐—ผ๐—ป ๐˜„๐—ฒ๐—ฎ๐—น๐˜๐—ต and to ensure a more ๐—ถ๐—ป๐—ฐ๐—น๐˜‚๐˜€๐—ถ๐˜ƒ๐—ฒ ๐˜„๐—ฒ๐—ฎ๐—น๐˜๐—ต ๐—ฑ๐—ถ๐˜€๐˜๐—ฟ๐—ถ๐—ฏ๐˜‚๐˜๐—ถ๐—ผ๐—ป, the Singapore government has introduced several measures pertaining to Singapore property, effective from 15 February 2023. These measures affect the Buyerโ€™s Stamp Duty (BSD) and Housing Grants for HDB Resale Flats.

๐—ฅ๐—ฒ๐˜ƒ๐—ถ๐˜€๐—ฒ๐—ฑ ๐—•๐—ฆ๐—— ๐—ณ๐—ผ๐—ฟ ๐—ฅ๐—ฒ๐˜€๐—ถ๐—ฑ๐—ฒ๐—ป๐˜๐—ถ๐—ฎ๐—น ๐—ฃ๐—ฟ๐—ผ๐—ฝ๐—ฒ๐—ฟ๐˜๐—ถ๐—ฒ๐˜€:
The increase in BSD payable does not apply to residential property purchases $1.5 million and below. It is marginal for purchases up to $2 million. This measure serves as a wealth tax and has a more significant impact on larger quantum purchases $3 million and above.

๐—ฅ๐—ฒ๐˜ƒ๐—ถ๐˜€๐—ฒ๐—ฑ ๐—•๐—ฆ๐—— ๐—ณ๐—ผ๐—ฟ ๐—ก๐—ผ๐—ป-๐—ฅ๐—ฒ๐˜€๐—ถ๐—ฑ๐—ฒ๐—ป๐˜๐—ถ๐—ฎ๐—น ๐—ฃ๐—ฟ๐—ผ๐—ฝ๐—ฒ๐—ฟ๐˜๐—ถ๐—ฒ๐˜€:
The increase in BSD payable does not apply to non-residential property purchases $1 million and below. It is marginal for purchases up to $2 million. This measure serves as a wealth tax and has a more significant impact on larger quantum purchases $3 million and above.

๐—›๐—ผ๐˜‚๐˜€๐—ถ๐—ป๐—ด ๐—š๐—ฟ๐—ฎ๐—ป๐˜๐˜€ ๐—ณ๐—ผ๐—ฟ ๐—™๐—ถ๐—ฟ๐˜€๐˜-๐—ง๐—ถ๐—บ๐—ฒ๐—ฟ๐˜€
(๐—™๐—ฎ๐—บ๐—ถ๐—น๐—ถ๐—ฒ๐˜€ & ๐—ฆ๐—ถ๐—ป๐—ด๐—น๐—ฒ๐˜€) ๐—•๐˜‚๐˜†๐—ถ๐—ป๐—ด ๐—ฅ๐—ฒ๐˜€๐—ฎ๐—น๐—ฒ ๐—™๐—น๐—ฎ๐˜
The government has increased the amount of housing grants for first-timer (families and singles) buying a resale flat. The total amount each family / single applicant is eligible to receive is $190,000 / $95,000, an increase of $30,000 / $15,000 respectively. This will make resale flats more affordable for first-timer (families and singles).

"๐˜›๐˜ฐ๐˜ถ๐˜ค๐˜ฉ๐˜ช๐˜ฏ๐˜จ ๐˜“๐˜ช๐˜ท๐˜ฆ๐˜ด, ๐˜Š๐˜ฐ๐˜ฏ๐˜ฏ๐˜ฆ๐˜ค๐˜ต๐˜ช๐˜ฏ๐˜จ ๐˜—๐˜ฆ๐˜ฐ๐˜ฑ๐˜ญ๐˜ฆ ๐˜›๐˜ฉ๐˜ณ๐˜ฐ๐˜ถ๐˜จ๐˜ฉ ๐˜™๐˜ฆ๐˜ข๐˜ญ ๐˜Œ๐˜ด๐˜ต๐˜ข๐˜ต๐˜ฆ."

๐๐€๐”๐‹๐ˆ๐๐„ ๐‚๐‡๐”๐€
Associate Senior Marketing Director
Huttons Asia Pte Ltd
www.paulinechua.com
WhatsApp: wa.me/6586927272

www.instagram.com/paulinechuarealestate
LinkedIn.com/in/paulinechuarealestate
bit.ly/PaulineChuaYouTube












๐’๐ˆ๐๐†๐€๐๐Ž๐‘๐„ ๐๐‘๐Ž๐๐„๐‘๐“๐˜ ๐Œ๐€๐‘๐Š๐„๐“: ๐Ÿ”ด (๐๐Ÿ’ ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ ๐‘๐„๐๐Ž๐‘๐“)bit.ly/Upcoming-New-LaunchesPrices for most segments are generally increasi...
05/02/2023

๐’๐ˆ๐๐†๐€๐๐Ž๐‘๐„ ๐๐‘๐Ž๐๐„๐‘๐“๐˜ ๐Œ๐€๐‘๐Š๐„๐“:
๐Ÿ”ด (๐๐Ÿ’ ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ ๐‘๐„๐๐Ž๐‘๐“)
bit.ly/Upcoming-New-Launches

Prices for most segments are generally increasing but at a decreasing rate. Transaction volume of residential units has reduced given the shortage of new launches in 2022 and diminishing balance unsold units. Furthermore, the interest rate hike and cooling measures have triggered some buyers to sit on the fence.

Up to 23,000 BTO flats will be launched this year, an increase of about 35% from 2021. Some 14,000 to 15,000 new private homes across 50 projects are expected to be launched in 2023 and this could attract buyers back into the market.

About 32,100 new home units, including ECs, are expected to be completed in 2023 and 2024, which is around two times the 15,900 units completed in 2021 and 2022. HDB plans to complete 20,000 BTO flats in 2023. This could ease the residential supply in the immediate term.

Analysts share that after China relaxed border controls in January 2023, more Mainland Chinese buyers and investors are expected to return to Singapore, given Singapore's strong and stable currency.

Refer to the infographics below for more information. Scan the ๐—ค๐—ฅ ๐—–๐—ข๐——๐—˜ (๐—ฅ๐—ฒ๐—ฑ ๐—•๐—ผ๐˜…) bit.ly/Upcoming-New-Launches to register on our VIP waitlist for New Launches.

"๐˜›๐˜ฐ๐˜ถ๐˜ค๐˜ฉ๐˜ช๐˜ฏ๐˜จ ๐˜“๐˜ช๐˜ท๐˜ฆ๐˜ด, ๐˜Š๐˜ฐ๐˜ฏ๐˜ฏ๐˜ฆ๐˜ค๐˜ต๐˜ช๐˜ฏ๐˜จ ๐˜—๐˜ฆ๐˜ฐ๐˜ฑ๐˜ญ๐˜ฆ ๐˜›๐˜ฉ๐˜ณ๐˜ฐ๐˜ถ๐˜จ๐˜ฉ ๐˜™๐˜ฆ๐˜ข๐˜ญ ๐˜Œ๐˜ด๐˜ต๐˜ข๐˜ต๐˜ฆ."

๐๐€๐”๐‹๐ˆ๐๐„ ๐‚๐‡๐”๐€
Associate Senior Marketing Director
Huttons Asia Pte Ltd
www.paulinechua.com
WhatsApp: wa.me/6586927272

www.instagram.com/paulinechuarealestate
LinkedIn.com/in/paulinechuarealestate
bit.ly/PaulineChuaYouTube










๐’๐ˆ๐๐†๐€๐๐Ž๐‘๐„ ๐๐‘๐Ž๐๐„๐‘๐“๐˜ ๐Œ๐€๐‘๐Š๐„๐“:๐Ÿ”ด ๐๐„๐– ๐๐‘๐Ž๐‰๐„๐‚๐“๐’ ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ‘ (๐„๐€๐’๐“)bit.ly/Upcoming-New-Launches ๐—ง๐—ต๐—ฒ ๐—˜๐—ฎ๐˜€๐˜ ๐˜€๐—ถ๐—ฑ๐—ฒ of Singapore has long bee...
15/01/2023

๐’๐ˆ๐๐†๐€๐๐Ž๐‘๐„ ๐๐‘๐Ž๐๐„๐‘๐“๐˜ ๐Œ๐€๐‘๐Š๐„๐“:
๐Ÿ”ด ๐๐„๐– ๐๐‘๐Ž๐‰๐„๐‚๐“๐’ ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ‘ (๐„๐€๐’๐“)
bit.ly/Upcoming-New-Launches

๐—ง๐—ต๐—ฒ ๐—˜๐—ฎ๐˜€๐˜ ๐˜€๐—ถ๐—ฑ๐—ฒ of Singapore has long been associated with good food and instagrammable houses and buildings. As we welcome a brand new year, the East side community can also look forward to at least 10 new property developments coming its way. Four major projects are highlighted here.

The first launch of 2023 โ€“ ๐—ฆ๐—ฐ๐—ฒ๐—ป๐—ฒ๐—ฐ๐—ฎ ๐—ฅ๐—ฒ๐˜€๐—ถ๐—ฑ๐—ฒ๐—ป๐—ฐ๐—ฒ, saw a take-up rate of 60% at an average price of $2,072psf at its launch on 14 January 2023. Of the units sold, 75% are 1- and 2-bedroom units. Singaporeans make up 88.5% of the total number of home buyers. Sceneca Residence is a mixed-use development with direct access to Tanah Merah MRT station.

Scan the ๐—ค๐—ฅ ๐—–๐—ข๐——๐—˜ (๐—ฅ๐—ฒ๐—ฑ ๐—•๐—ผ๐˜…) bit.ly/Upcoming-New-Launches to read more and register for updates and showflat previews.

"๐˜›๐˜ฐ๐˜ถ๐˜ค๐˜ฉ๐˜ช๐˜ฏ๐˜จ ๐˜“๐˜ช๐˜ท๐˜ฆ๐˜ด, ๐˜Š๐˜ฐ๐˜ฏ๐˜ฏ๐˜ฆ๐˜ค๐˜ต๐˜ช๐˜ฏ๐˜จ ๐˜—๐˜ฆ๐˜ฐ๐˜ฑ๐˜ญ๐˜ฆ ๐˜›๐˜ฉ๐˜ณ๐˜ฐ๐˜ถ๐˜จ๐˜ฉ ๐˜™๐˜ฆ๐˜ข๐˜ญ ๐˜Œ๐˜ด๐˜ต๐˜ข๐˜ต๐˜ฆ."

๐๐€๐”๐‹๐ˆ๐๐„ ๐‚๐‡๐”๐€
Associate Senior Marketing Director
Huttons Asia Pte Ltd
www.paulinechua.com
WhatsApp: wa.me/6586927272

www.instagram.com/paulinechuarealestate
LinkedIn.com/in/paulinechuarealestate
bit.ly/PaulineChuaYouTube









๐——๐—ถ๐—ฑ ๐—ฌ๐—ผ๐˜‚ ๐—ž๐—ป๐—ผ๐˜„? For the whole of 2022, sales volume of new homes fell by about 36% compared with 2021. An estimated 4,500 to 4,600 units (across 21 projects) were launched in 2022 โ€“ less than half of 2021โ€™s launch volume. For the whole of 2022, private home prices grew 8.4%, slowing from 2021โ€™s 10.6% rise. Analysts are of the view that the rising interest rates will peak this year and pose marginal deterrence to new project buyers since mortgage payment is progressive. Some 50 new projects totalling 13,000 to 14,000 new home units may be launched in 2023. Over 3,000 units across 12 new property launches are expected in the East.

๐’๐ˆ๐๐†๐€๐๐Ž๐‘๐„ ๐๐‘๐Ž๐๐„๐‘๐“๐˜ ๐Œ๐€๐‘๐Š๐„๐“: ๐๐„๐– ๐๐‘๐Ž๐‰๐„๐‚๐“๐’ ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ‘bit.ly/Upcoming-New-LaunchesFor the whole of 2022, sales volume of new homes...
13/01/2023

๐’๐ˆ๐๐†๐€๐๐Ž๐‘๐„ ๐๐‘๐Ž๐๐„๐‘๐“๐˜ ๐Œ๐€๐‘๐Š๐„๐“:
๐๐„๐– ๐๐‘๐Ž๐‰๐„๐‚๐“๐’ ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ‘
bit.ly/Upcoming-New-Launches

For the whole of 2022, sales volume of new homes fell by about 36% compared with 2021. An estimated 4,500 to 4,600 units (across 21 projects) were launched in 2022 โ€“ less than half of 2021โ€™s launch volume. For the whole of 2022, private home prices grew 8.4%, slowing from 2021โ€™s 10.6% rise.

Analysts are of the view that the rising interest rates will peak this year and pose marginal deterrence to new project buyers since mortgage payment is progressive.

Some 50 new projects totalling 13,000 to 14,000 new home units may be launched in 2023, and could appeal to buyers who have held back due to a lack of new launch options in 2022.

Refer to the infographics below for more information on the expected new launches in 2023. Scan the ๐—ค๐—ฅ ๐—–๐—ข๐——๐—˜ (๐—ฅ๐—ฒ๐—ฑ ๐—•๐—ผ๐˜…) bit.ly/Upcoming-New-Launches to register for updates and showflat previews.

"๐˜›๐˜ฐ๐˜ถ๐˜ค๐˜ฉ๐˜ช๐˜ฏ๐˜จ ๐˜“๐˜ช๐˜ท๐˜ฆ๐˜ด, ๐˜Š๐˜ฐ๐˜ฏ๐˜ฏ๐˜ฆ๐˜ค๐˜ต๐˜ช๐˜ฏ๐˜จ ๐˜—๐˜ฆ๐˜ฐ๐˜ฑ๐˜ญ๐˜ฆ ๐˜›๐˜ฉ๐˜ณ๐˜ฐ๐˜ถ๐˜จ๐˜ฉ ๐˜™๐˜ฆ๐˜ข๐˜ญ ๐˜Œ๐˜ด๐˜ต๐˜ข๐˜ต๐˜ฆ."

๐๐€๐”๐‹๐ˆ๐๐„ ๐‚๐‡๐”๐€
Associate Senior Marketing Director
Huttons Asia Pte Ltd
www.paulinechua.com
WhatsApp: wa.me/6586927272

www.instagram.com/paulinechuarealestate
LinkedIn.com/in/paulinechuarealestate
bit.ly/PaulineChuaYouTube







๐’๐ˆ๐๐†๐€๐๐Ž๐‘๐„ ๐๐‘๐Ž๐๐„๐‘๐“๐˜ ๐Œ๐€๐‘๐Š๐„๐“ - ๐๐‘๐Ž๐๐„๐‘๐“๐˜ ๐“๐€๐— (December 2022)In IRASโ€™ media release dated 2 Dec 2022, the Annual Values (AV) ...
03/12/2022

๐’๐ˆ๐๐†๐€๐๐Ž๐‘๐„ ๐๐‘๐Ž๐๐„๐‘๐“๐˜ ๐Œ๐€๐‘๐Š๐„๐“
- ๐๐‘๐Ž๐๐„๐‘๐“๐˜ ๐“๐€๐— (December 2022)

In IRASโ€™ media release dated 2 Dec 2022, the Annual Values (AV) of most residential properties, which include private properties and HDB flats, will be revised upwards effective 1 January 2023, reflecting the rise in market rents. The property tax rates will also increase at a progressive rate. Refer to the attached infographics for more details.

๐๐€๐”๐‹๐ˆ๐๐„ ๐‚๐‡๐”๐€
Wa.me/6586927272


www.paulinechua.com
www.instagram.com/paulinechuarealestate
LinkedIn.com/in/paulinechuarealestate
bit.ly/PaulineChuaYouTube

For the full IRAS media release:
https://www.iras.gov.sg/news-events/newsroom/revision-in-annual-values-in-2023


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