The Ministry of National Development (MND) and HDB have announced another round of property cooling measures. This is primarily to cool the HDB resale market while providing more support for first-time home buyers. This will take effect from 20 August 2024, 12.00 am where the […]

The 2024 government land sales (GLS) will add a supply of 5,050 private homes (including 560 EC units) and 14,300 sqm GFA of commercial space in the second half of this year. This will add to the 5,450 units in the first half of 2024. […]

Singapore condo resale prices dipped 0.8 percent in January 2024 after five consecutive months of growth, reversing from a 0.5 percent rise in December 2023. This has led some analysts to question whether this is a sign of a broader market correction. However, it is […]

What is the outlook for Singapore’s property market in 2004? In this article, we will analyse some of the latest developments to understand what lies ahead. Singapore is a vibrant island nation that boasts a resilient and modern economy with a dynamic property market. For […]

October 2023 resale condo prices edged up 0.4 percent, lower than 0.8 percent in September and 0.9 percent in August. Meanwhile, the October resale condo volume recovered slightly, up 14.7 percent between September and October. A Snapshot of October 2023 Resale Condo Market Resale condo […]

Singapore’s October 2023 new private home sales fell for the third straight month amid the absence of new property launches. According to data released by the Urban Redevelopment Authority (URA), developers sold 203 units last month, excluding executive condominiums (ECs). The October sales figure is […]

October 2023 HDB resale flat prices edged up 0.5%, rebounding from a 0.6% dip in September. Year-on-year, prices were up 5.3%. The number of resale flats sold in October also rebounded, rising 0.8% with an estimated 2,200 units transacted. This is in contrast with the […]

September 2023 private home sales dipped 44.9% for the second consecutive month in the absence of big project launches, cautious market sentiment, and the seasonal lull during the Hungry Ghost Month.   Keys Points of September 2023 Private Home Sales New private home sales (excluding […]

September 2023 HDB resale prices fell 0.6%, the first drop since February, while fewer units were sold. Prices in non-mature estates fell 0.9% while mature estates declined 0.4%. Compared with September 2022, overall resale prices increased by 4.9%.   Other Key Points of September 2023 […]

Third quarter private home prices rebounded 0.5%, reversing a 0.2% drop in the previous quarter. This was led by demand from local buyers for properties in the city fringe and the suburbs.   Factors Driving Third Quarter 2023 New Private Home Prices Below is a […]

The government’s introduction of a new cooling measure in April 2023 has had a significant impact on 2Q 2023 Singapore luxury property market. The measure, which doubled the Additional Buyer’s Stamp Duty (ABSD) on the purchase of a residential property by a foreigner to 60%, […]

May 2023 condo resale prices climbed for a fourth consecutive month as buyers continue to turn to resale properties amid the sizeable price gap between new private homes and those on the secondary market. In May, an estimated 946 condo resale units changed hands, an […]

May 2023 HDB resale price growth slows while volume increased slightly. The Housing and Development Board (HDB) resale market saw prices climb 0.3% in May, down from the 1.1% growth in April. Overall, May’s prices were up 7.7% from the same period a year ago. […]

The Government has announced increases in the Additional Buyer’s Stamp Duty (ABSD) rates to promote a sustainable property market. The revised rates will take effect from 27 April 2023. Although the implementation of the property cooling measures in December 2021 and September 2022 has had […]

March 2023 condo resale prices continue to rise in March. Volumes also increased. The Singapore resale condominium market continues to grow in March 2023, supported by strong demand for units in the Outside of Central Region (OCR). According to the flash estimates, overall resale prices […]

HDB resale prices in Q1 2023 grew at a slower pace of 0.9% compared to a 2.3% increase in the previous quarter. This is the smallest quarterly increase in the last 10 quarters or 2.5 years. This indicates that price resistance is setting in. The […]

Singapore Q1 2023 private home prices recorded a relatively strong increase of 3.2%, according to flash estimates released by the Urban Redevelopment Authority (URA) on Monday (Apr 3). Meanwhile, you may also be interested in the report “HDB Resale Prices In Q1 2023 Grew 0.9%, […]

In February 2023, the resale volumes of private condominiums in Singapore increased for the first time since October 2022. The rise was driven by pent-up demand following the Chinese New Year period. The number of resold units in February was 756, a 50.3% increase from […]

February 2023 HDB resale flat prices were flat after a 31-Month Climb. The number of sales decreased by 28.2% to an estimated 1,849 units in February, down from 2,575 units in January. Prices of resale flats in mature and non-mature estates dipped marginally by 0.1% […]

According to flash estimates released on Feb 27th, January 2023 private resale condo prices in Singapore fell 0.6% month-on-month as compared to a 0.7% in increase in December. This marked the first decline in 28 months, led by lower prices in the city fringe (RCR) […]

4th quarter 2022 resale HDB prices rose 2.3%, easing from 2.6% in the 3rd quarter. This was the slowest increase for the year. Data from HDB also revealed that transactions during the same period fell by 12.6% compared to the preceding quarter, or 6,597 versus […]

December 2022 HDB resale flat prices in Singapore climbed for the 30th consecutive month, albeit at a slower pace of 0.2% compared to November’s 0.6% increase. Meanwhile, the price of HDB resale flats is expected to moderate further in 2023 due to the following factors: […]

HDB resale flat prices in November 2022 edged up for the 29th consecutive month, according to flash estimates. More units have changed hands after buyers digested the latest round of property colling measures that took effect on 30 September 2022. HDB resale flat prices grew […]

October 2022 HDB resale flat prices advanced for the 28th consecutive month, rising 0.5%. This brought the overall year-on-year price increase to 10.8%, lifting the median price of HDB resale flat to a record high of $545,000. This is 35% higher than its pre-pandemic level […]

The following is a snapshot on Q3 2022 property prices. Prices in the HDB resale market edged up 2.6% in Q3 2022, a slower pace than the 2.8% rise recorded in Q2. This marked the 10th consecutive quarter of price increase amid the backdrop of […]

September HDB Resale Prices climb 1.2% for the 27th straight month, with a record of 45 million-dollar units transacted in a month. The pace is faster than the 0.4% increase in August. At the same time, the transaction volume has also increased to 2,589 units, […]

On 29 September 2022 close to midnight, the Singapore government announced a new round of property cooling measures. They will come into effect on 30 September 2022. In a joint statement by MAS-MND-HDB, the objective is “to promote sustainable conditions in the property market by […]

Below is an analysis of the Lentor and Bukit Batok government land sale. On 16 September 2022, the Urban Redevelopment Authority (URA) announced the results of 3 government land sales – Lentor Central and Lentor Hills Road (Parcel B) for private condos, and Bukit Batok […]

HDB resale flat prices in August 2022 increased for the 26th consecutive month, with 33 apartments sold for at least $1 million. According to recent data, HDB resale flat prices are up 10.8% year-on-year, increasing 0.4% in August compared to a 0.7% rise in July. […]