Research Articles

In total, November saw 2,557 new private homes (excluding ECs) sold, representing a 246.5% month-on-month (m-o-m) uptick over October’s performance (738 units sold). Year-on-year (y-o-y), new private home sales were also up 226.1% in November, compared to the 784 units sold over the same period in 2023.  This is the highest new home sales in […]

Economic Overview Based on advance estimates, the Ministry of Trade and Industry (MTI) announced that the Singapore economy grew by 4.1% year-on-year (y-o-y) in 3Q 2024. The growth is led by the manufacturing sector which expanded 7.5% y-o-y. All manufacturing sectors recorded expansions apart from the biomedical manufacturing cluster. On a quarter-on-quarter (q-o-q) seasonally-adjusted basis, […]

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 […]