Press Release

Singapore, 19 February 2025 – 1. Over 50,000 new homes to be launched over the next three years While not a new announcement, the government reaffirms its intentions to ramp up its Build-to-Order (BTO) supply over the next three years to meet housing demand. This will be driven by new developments in Woodlands, Bayshore and […]

SINGAPORE, 17 February 2025 – HDB’s February 2025 (Build-to-Order) BTO exercise, coupled with the annual Sale of Balance (SBF) exercise concludes today. In total, 10,622 HDB homes were available for application island wide. We saw a moderate 1.0 median first-timer application rate for 3-room and larger flat types across all the BTO projects, with a […]

SINGAPORE, 17 February 2025 – URA has released the January Developer Sales report. Compared to the lukewarm performance in December, which saw only 203 new homes sold, January saw new home sales momentum pick up again following the launches of two projects- The Orie and Bagnall Haus. In total, 1,083 new homes were sold in […]

SINGAPORE, 10 February 2024 – The Housing and Development Board (HDB) announced the start of the February 2025 Build-To-Order (BTO) exercise, which will see a total of 5,032 flats brought to the market for purchase.  Overview “This February 2024 BTO launch, which also consists of the annual SBF exercise stands out in a few key […]

SINGAPORE, 7 February 2025 – The tender for the Government Land Sale (GLS) site at River Valley Green (Parcel B) closed on 7th February 2025. In total, the site drew interest from five bidders, with the top bid of $627.8 million (or $1,420 psf ppr) being put in by GuocoLand Limited. ERA’s Observations “The highest […]

SINGAPORE, 24 January 2025 – According to the Urban Redevelopment Authority (URA)’s report for 4Q 2024, private home prices had risen 2.3% quarter-on-quarter (q-o-q), marking a reversal of the 0.7% q-o-q decline observed in 3Q 2024. In tandem, total transaction volume of private homes also rose to 7,433 units in 4Q 2024, marking a significant […]

SINGAPORE, 24 January 2025 – According to the Housing and Development Board (HDB), the HDB resale price index rose to 197.9, a 2.6% increase quarter-on-quarter (q-o-q) in 4Q 2024. For the whole of 2024, HDB resale prices have risen at a faster pace of 9.7% y-o-y compared to 4.9% in 2023. Resale price has risen faster on the […]

SINGAPORE, 14 January 2025 – URA has just announced the closing of the tender for two residential land parcels at Dairy Farm Walk and Tengah Garden Avenue today, 14th January 2025. Dairy Farm Walk The tender for the Government Land Sale (GLS) site at Dairy Farm Walk closed on 14th January 2025. In total, the […]

SINGAPORE, 02 January 2025 – According to URA flash estimates, the all-residential property price index registered a faster pace of growth of 2.3% quarter-on-quarter (q-o-q) in 4Q 2024, reversing the 0.7% q-o-q decline in 3Q 2024. For the whole of 2024, the all-residential property price index rose at a slower pace of 3.9% y-o-y, compared […]