Singapore Property Upgrading Guide

23/05/2024

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.

16/05/2024

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.

09/05/2024

SINGAPORE – Prices of resale condominiums rose 0.4 per cent in March, with more units sold as the market rebounded from February’s seasonal lull.

The price increase was slightly higher than the 0.2 per cent rise in February, flash data from real estate portals Singapore Real Estate Exchange and 99.co showed on April 25.

The highest transacted price was $8.7 million for a unit at Corals at Keppel Bay. Read more at straitstimes.com.

02/05/2024

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

02/05/2024

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...

02/05/2024

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.

29/02/2024

SINGAPORE: The Housing & Development Board (HDB) is seeing some moderation in the rate of increase in resale prices after property cooling measures were implemented.

Among the cooling measures implemented in in December 2021, September 2022 and April 2023 were a wait-out period of 15 months before private property owners can purchase a non-subsidised HDB resale flat and the lowering of loan-to-value limit for HDB housing loans.

The HDB resale volume in the second quarter of 2023 is the lowest in the last three years since the third quarter of 2020.

22/02/2024

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.

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.

15/02/2024

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.

08/02/2024

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. Analysis of more than 600,000 listings on PropertyGuru Singapore's website found that the residential property market shows signs of deceleration, the company said.

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...

08/02/2024

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.

08/02/2024

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.