Research Articles

April 2024 saw a decline in new home sales due to muted new home launches. A total of 278 new private homes were launched in April, compared to 877 units in March. This represents a decrease of 68.3% month-on-month (m-o-m). April’s new homes sale numbers fell 58.8% m-o-m to 352 units (excluding ECs). With no […]

HDB has launched the Resale Flat Listing (RFL) service to create a transparent, reliable and trusted marketplace for the listing and transactions of HDB resale flats. Flat owners or their property agents can list flats for sale and complete their resale transactions on the HDB Flat Portal. The RFL service will soft launch on 13 […]

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 exclusive […]

Budget 2024 announced four changes that will affect home owners and the Singapore residential market. Here is what you need to know.  1. Enhanced Annual Value Band for Owner-Occupier Residential Properties to offer Property Tax Relief in 2025 Owner-occupier residential property will pay lower property tax from 2025 with as Annual Value (AV) bands adjust […]

The rental market showed signs of stabilising since 2Q 2023 with the slower growth of the rental index. Meanwhile the HDB rental market stayed resilient. Has the rental market tipped in favour of tenants? Private Residential Rental The all private residential property rental index prices grew 11.1% in the first nine months of 2023. Rental […]

The market share of new private home buyers, aged 26 to 35 years old, more than tripled between 2015 to 2022. Even in the face of recent headwinds, including higher interest rates, moderating economic activity, and the implementation of market cooling measures in April 2023, the demand for new private homes among Singaporeans has stayed […]

The landed shophouse segment had some banner years but saw notable moderation in demand in 2023. As at 20 December 2023, a total of 118 landed shophouses were transacted, amounting to a transaction value of $1.07 billion. Transaction volume and value have moderated by 35.9% and 32.6% year-on-year (y-o-y) respectively compared to 2022. At the […]

The Housing & Development Board (HDB) resale market has shown signs of stabilising even with price trending higher in 2023. In the first nine months of 2023, the HDB resale price rose 3.8% in the first nine months of 2023 and peaked at 178.5 in 3Q 2023.   Transaction volume stayed fairly stable as of 26 […]

Rising cost and the elevated interest rates have moderated residential property demand across the board in 2023. Residential demand tapered further with the Additional Buyer Stamp Duty (ABSD) hike in April that curtailed demand from investors and foreigner buyers. The roundup of money laundering cases in August involving several high-value residential property transactions, has further […]