Research Articles

In total, October saw 738 new private homes sold, representing a 84.0% month-on-month (m-o-m) uptick over September’s performance (401 units sold). Year-on-year (y-o-y), new private home sales were also up 263.5% in October, compared to the 203 units sold over the same period in 2023. This surge in transaction volume was primarily driven by the […]

Private home rents rose marginally in 3Q 2024, along with rental transaction volumes. However, it remains to be seen if rental growth will sustain amid more completions and rising vacancies. Overview Following three consecutive quarters of decline, private home rents in Singapore reported a marginal recovery in 3Q 2024. This surprising reversal comes on the […]

In total, September saw 401 new private homes sold, representing a 92.8% month-on-month (m-o-m) uptick over August’s performance (208 units sold). Year-on-year (y-o-y), new private home sales were also up 84.8% in September, compared to the 217 units sold over the same period in 2023. This surge in transaction volume was primarily driven by new […]

Figures are based off the official flash estimates for URA quarterly statistics, released on 1 Oct 2024. Weaker buyer sentiment has led to lower transaction volumes, contributing to a decline in private home price growth Amidst a slowdown in overall transactions in 3Q 2024, the All-Residential Property Price Index (PPI) showed a slight decline. This correction […]

Figures are based off the official flash estimates for HDB/URA quarterly statistics, released on 1 Oct 2024. Continuing the trend of moderate price growth for resale flats, the latest HDB flash estimates indicate a modest uptick in prices for 3Q 2024, with the Resale Price Index (RPI) rising to 192.6. Quarter-on-quarter (q-o-q), this represents an […]

The Federal Reserve (Fed) has finally cut interest rates after keeping them elevated over a prolonged period. On 18 September 2024, the Fed announced a cut of 50 basis points (bps), lowering its target interest rate range to 4.75% to 5.00%. This marks a decrease from the previous range of 5.25% to 5.50%, the highest […]

August saw 208 new private homes sold, including seven landed units from the Pollen Collection. This figure represents a 63.6% month-on-month (m-o-m) decline, marking the lowest number of new private home sales since February 2024, when 149 units were sold. The steep decline can be attributed to the absence of new project launches during the […]

The Ministry of Development (MND) and Housing Development Board (HDB) have jointly announced a set of cooling measures for the HDB resale market and additional grants to provide further support to lower-to-middle income first-time home buyers. Adjustment of Loan-To-Value limit for HDB loans With effect from 20 August 2024, the Loan-to-Value (LTV) limit for HDB […]

Sales of new homes picked up steam in July 2024, more than doubling month-on-month (m-o-m) from June’s 228 units to 571 units (excluding Executive Condominiums). Another 37 units of Executive Condominium were sold in the same month. The upswing in sales numbers comes on the back of two top performing new launches that made their […]