Research Articles

June saw muted new home sales with the holidays and lack of new home launches. June 2024 saw muted new sale demand with no new home launches, registering 228 units (excluding Executive Condominiums (ECs)) sold. This marked a 3.2% increase month-on-month (m-o-m). In addition to this, another 50 units of ECs were sold. Excluding ECs, […]

At present, Singapore’s shophouse market marks a departure from past performance, when transaction volumes were notably higher. As of 10 July 2024, based on lodged caveats, only 36 shophouses changed hands in the first six months of 2024, amounting to a total transaction value of $341.7 m. This is a far cry from the market’s […]

Singapore’s private property market continued to slow down one year after the adjustments to Additional Buyer’s Stamp Duty (ABSD) rates were introduced in April 2023. Furthermore, buyers have turned cautious and have pushed back their homebuying plans amid strong headwinds from slower economic growth. This has been further compounded by higher-for-longer interest rates and the […]

Following April’s 57.7% month-on-month (m-o-m) fall in new sale numbers, May 2024 saw a further decline of 25.9% m-o-m to 261 units (including Executive Condominiums (ECs). This is on the back of the launches of smaller developments such as Skywaters Residences (198 units) and two boutique projects – Straits at Joo Chiat (16 units) and […]

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 […]