Property Market

01 April 2024 The HDB resale market continues to stabilise, with the Resale Price Index (RPI) reaching 183.5 in 1Q 2024, showing a growth rate of 1.7% q-o-q, compared to 1.1% q-o-q growth in 4Q 2023. Despite the festivities, resale volume in 1Q 2024 reached 6,928 transactions, marking 5.5% y-o-y growth. With HDB prices on the rise, some owners are seizing the opportunity to upgrade to private homes....

01 April 2024 Transaction volume moderated further in 1Q 2024 amid the festivities, economic uncertainty and elevated interest rates. Despite this, the all-residential property price index recorded a moderate uptick. Buyers are more cautious when committing to home purchases due to a combination of factors. These factors include looming economic uncertainty, rising retrenchment numbers, and elevated...

26 March 2024 Picture: Sentosa Cove Ask any Singaporean what they think of Sentosa Cove and you may hear responses like "posh," "rich," or "symbol of status”. Sentosa Cove is all about swanky cars and over-the-top architecture, representing the upmarket community it embodies.  When the Sentosa Cove Masterplan was first conceptualised in 1992, Sentosa Cove was envisioned to be Singapore’s...

It’s not everywhere that you find a Star Wars-inspired complex, self-driving road sweepers, and a myriad of industry-leading companies sharing the same neighborhood, but that’s exactly what you’ll encounter when you step foot into one north.  Unlike other parts of Singapore, most of one-north as well as its infrastructure is focused on promoting industrial growth.  This...

Real estate developers sold more private housing units (excluding Executive Condominium) in February 2023. A total of 432 private housing units (excluding Executive Condominium) were sold in the primary market in February 2023, 10.5% more units compared to the preceding month. This is despite a slight dip in the number of units launched in February. Developers released 401 units for sale last month,...

SINGAPORE: A 10ha site in Farrer Park will be redeveloped into a public housing estate with about 1,600 HDB flats, integrated with sports and recreational facilities including a new sports centre at the location of the Farrer Park Swimming Complex. The flats are slated to be launched for sale in the next three years, said the Housing & Development Board (HDB), Sport Singapore...

Buyers should keep their eyes peeled for 5 projects THE government poured cold water on the property market with the introduction of fresh cooling measures that took effect on Dec 16, 2021. The additional buyer's stamp duty (ABSD) was raised by 5 to 15 percentage points for Singapore citizens and permanent residents buying their second or subsequent residential property and on foreigners purchasing...

Despite a smaller number of new launches and talks about a wealth tax, the property market is expected to keep thriving, a study finds.  2021 has been a prosperous year for the Singapore property market, which has displayed incredible resilience in the face of the COVID-19 pandemic. Despite safe management measures that seemed ever-changing, dependent on the number of the COVID-19 cases in the...