Empowering Your Real Estate Journey

Previously, we touched on how the extension of the Central Business District Incentive (CBDI) and Strategic Development Incentive (SDI) schemes matter in the CBD’s revival, serving as catalysts for the redevelopment of older buildings in the city. In much the same way, we believe that Marina South – the extension to Singapore’s CBD – will […]

What is one-north and why it was planned Since the 1990s, Singapore’s economic growth was shifted towards high value chain industries that rely on a high-skilled workforce. Structural reforms were made to promote innovation, enterprise and entrepreneurship. The Biomedical as well as Information and Communications Technology (ICT) industries were among the new key economic drivers […]

2024 saw a rebound in landed home transactions amid more moderate price growth. The rebound in interest was largely driven by rising non-landed home prices, enabling homeowners to sell their properties at higher prices and reduce the capital outlay needed to transition to landed homes. Landed Property Price Index and Transactions The Landed Property Price […]

在新楼盘艺景峰（The Orie）和Bagnall Haus等项目的推动下，今年伊始本地新私宅延续热销，共售出1083个私宅单位（不包括执行共管公寓，EC），环比增长超四倍. 同比方面，一月新私宅增长256%。值得一提的是，去年同期有更多新楼盘推出，除The Arcady at Boon Keng和顶林佳苑（Hillhaven）两个私宅项目外，还推出了一个EC项目昱丰嘉园（Lumina Grand）。 一月热销新私宅中，除上述两个新楼盘外，位于丹戎巴葛的柏南华庭（One Bernam）也表现亮眼。因其价格降至接近2021年的开盘价，吸引多个买家在春节前的最后一周入场。 图表一：今年一月销量前五的新私宅项目（不包括EC） 资料来源：市区重建局、ERA研究与市场情报 艺景峰是自2016年以来在大巴窑推出的首个项目，本月售出680个单位，占其总单位的87.5%，中位数尺价为每平方英尺2731元，部分高层的一卧房和两卧房单位甚至突破了每平方英尺3000元。大多数买家是新加坡本地人，他们中有些在附近长大，倾向继续住在这个市镇。由于大巴窑地区的市场需求高加上供应有限，艺景峰的热销在意料之中。 位居次席的为柏南华庭。共售出99个单位，中位数尺价为2521新元，低于2021年5月项目首次推出时的每平方英尺2650元。随着其他地区私宅的快速增长，买家可能意识到柏南华庭的价值已被低估。作为核心中央区项目，它的价格显得比其他中央区的新项目更为实惠，后者的中位价格已达每平方英尺2725新元。整体看来，随着两个区域尺价的进一步缩小，核心中央区的项目具有吸引力。 位于第16邮区的Bagnall Haus是一个小型永久地契项目。它在推出首月共售出113个单位中的75个，中位数尺价为2494元。项目不仅填补了东海岸地区15年来的供应缺口，靠近地铁站也是是买家青睐的主要因素。此外，项目两卧房和三卧房单位的价格介于200万元至250万元之间，也在多数买家负担范围内。 Hillock Green延续了去年12月的良好趋势，单月售出21个单位，中位数尺价为2253元。因价格实惠并适合家庭居住，这个项目在去年一直畅销。随着伦多区（Lentor）新私宅供应的减少，新项目的推出为市场带来更多选择。 150万元至250万元的私宅最受市场欢迎 值得一提的是，超过57%售出的新私宅价格在150万元至250万元的区间。 细分来看，约21%的售价介于150万元至200万元，其中主要是两卧房；其余36%售价介于200万元至250万元的单位则主要是三居室。 去年新私宅的销售表明， 房价可负担性仍是买家的首要考虑。为此，他们愿意等到价格达到预期时才出手。随着利率长期保持高位，加上地缘政治问题，预计这一趋势可能会在今年持续。 执行共管公寓销量减少 执行共管公寓在1月仅售出21个单位，环比和同比分别下降87.4%和92.1%。因最近推出的项目翠怡园（Novo Place）在去年底已卖出88%的单位，市场中的库存有限。本月执行共管公寓销售中，除翠怡园外，昱丰嘉园和North Gaia也有多个单位成交。 外国买家仅有13笔交易 图表一：非有地私宅买家背景概况 资料来源：市区重建局、ERA研究与市场情报 受额外买家印花税（ABSD）影响，外国买家的需求继续低迷。今年1月，外国买家共完成了13笔交易，仅占本月总交易的1.2%。永久居民买家在当月完成了92笔交易（不包括EC），占8.5%。 新加坡人在仍是购买主力，共有972笔交易，占本月新私宅销售的90.3%（不包括EC）。这一比例与过去12个月的平均水平87.3%接近。 豪华私宅销售情况（500万元及以上） 有趣的是，今年1月豪华私宅市场出现了两笔引人注目的交易，交易额超过1500万元。两笔交易均在位于乌节林荫道（Orchard Boulevard）的永久地契项目柏皓（Park Nova）。 根据市区重建局的数据，其中一笔交易为一个四卧房单位，面积为2906平方英尺，成交价达1660万元或尺价5708元。另一笔是顶楼单位，面积为5898平方英尺，成交价高达3890万元或尺价6593元。 这两笔交易的买家均为非新加坡人，四卧房单位由一名外国人购买，而顶层单位则由一名永久居民购得。若按额外买家印花税推算，即外国人为60%，永久居民为5%（首次购房），两位买家分别支付了约995万元和194万元的税款。 图表二：500万元及以上豪宅买家背景概况 资料来源：市区重建局、ERA研究与市场情报 未来几个月私宅市场展望 尽管近期利率下调和经济前景改善为市场注入活力，但由于利率可能长期保持高位、特朗普总统任期的不确定性以及持续的贸易紧张局势，都可能影响新加坡的经济发展并给房地产市场带来挑战。 总体来看，ERA产业对2025年新加坡私宅市场持谨慎乐观态度。在强劲的宏观经济支持下，新加坡有望巩固其“安全港”的地位。这可能会增强买家信心，并在全球经济面临挑战的情况下，提振市场的新私宅需求。 今年首季，将有更多备受期待的项目推出，如逸泰• 雅居（ELTA）、Parktown Residences和Lentor Central Residences，这些项目有望推动市场延续热卖势头。 同样，2025年即将推出的三个EC项目也应受到追捧，其中两个在东部，分别是晶莹轩（Aurelle of Tampines），另一个位于惹兰罗央勿刹（Jalan Loyang Besar）地区。第三个则在西部的田园弄（Plantation Close）附近。 […]

Are Executive Condominiums (ECs) still an affordable option for home buyers today? They may not be since as explained in our last EC article,  buyers are constrained by the amount of loan which they can take up for their EC purchase. This is largely due to the income cap, stringent Mortgage Servicing Ratio (MSR) and […]

While it won’t happen overnight, Lentor will eventually shed its image as a quiet district in northeastern Singapore. Recent years have seen the release of multiple Government Land Sales (GLS) sites, which have drawn in developers. Between 2022 to 2024, at least five new residential projects were launched in Lentor, representing some 2,400 new private […]

ERA, Where Strategy Meets Success As an engineer, Donavan Tan was trained to solve complex problems—breaking down challenges, running the numbers, and figuring out the most efficient solutions. Today, in real estate, he does the exact same thing—but instead of solving equations, he’s solving people’s property puzzles. “Every client has a unique situation—whether it’s upgrading, […]

Compared to the lukewarm performance in December, which saw only 203 new private homes (excluding ECs) sold, January saw new home sales pick up again following the launches of projects such as The Orie and Bagnall Haus. In total, 1,083 new homes (excluding ECs) were sold in January. Month-on-month (m-o-m), we witnessed more than a […]

This article was written in collaboration with Tay Liam Hiap, Managing Director of Capital Markets and Investment Sales. 市区重建局（URA）日前宣布将中央商业区奖励计划（CBD Incentive Scheme，简称CBDI）和策略发展项目奖励计划（Strategic Development Incentive Scheme，简称SDI）延长至2030年。这项计划于2019年推出，旨在推动楼龄至少20年的旧建筑重新开发，以提升中央商业区活力。 新加坡的城市发展日新月异，但其中仍不乏一些老旧商业建筑。在鳞次栉比的摩天大厦中，显得有些不那么协调，也已无法满足现代需求。随着建筑老化，维护成本也逐渐增加。落后的通风系统导致空气质量不佳，还可能影响员工健康。这一系列的问题，让地区焕新迫在眉睫。同时，租户也越来越青睐工作环境更舒适的优质办公空间。 两项奖励计划目标相同，但方式不一 中央商业区奖励计划适用于竣工至少20年以上的办公楼，且仅限位于安顺路（Anson Road）、丝丝街（Cecil Street）、罗敏申路（Robinson Road）、珊顿大道（Shenton Way）和丹戎巴葛的指定区域（Tanjong Pagar precincts）。为了保障这些重新开发的质量，项目需满足最低地段面积（site area）要求，即1000至2000平方米，也不允许分层出售。申请成功的项目可获得额外25%至30%的总楼面面积（gross floor area，简称GFA）。 图表1: 安顺   图表2：丝丝街 图表3：罗敏申路、珊顿大道和丹戎巴葛的指定区域 此外，政府近期公布的中央商业区奖励计划2.0也进行了更新，允许安顺路和丝丝街的办公楼可将长住型服务公寓作为混合用途开发的一部分。 自2019年计划推出以来，17份申请中的14份已获得原则性批准。其中，铂海综合大厦（Newport Plaza）即前富士施乐大厦（Fuji Xerox Towers）原址、The Skywaters即安盛保险大厦（AXA Tower）原址、海德大厦（Realty Centre）、珊顿大厦（Shenton House）、安顺路51号（51 Anson Road）以及和昌路15号（ 15 Hoe Chiang […]

ERA: Where Love, Success, and Real Estate Thrive For Zann Low and Gary Ong, real estate isn’t just their career—it’s intertwined with every part of their lives, from date nights to family life. As a married couple thriving in the high-energy world of new launches, they’ve found a way to balance work, love, and parenthood, […]

This article was written in collaboration with Tay Liam Hiap, Managing Director of Capital Markets and Investment Sales. The Central Business District Incentive (CBDI) and the Strategic Development Incentive (SDI) schemes were first launched in 2019 by URA to encourage the redevelopment of older buildings in the CBD and strategic areas. One may ask: why […]

This article was first featured on EdgeProp Singapore and was contributed by Wong Shanting, head of ERA Research and Market Intelligence.  According to Chinese astrology, the Year of the Wood Snake in 2025 could bring about transformative energy, driving reforms ahead with a mix of tension and global shake-ups. With US President Trump taking office […]

Clementi is a mature estate located in the Easternmost fringe of the West region of Singapore. It is served by the East-West Line, where people might recognise it as one of two stations between the major interchanges of Buona Vista and Jurong East. Clementi town has its roots as a kampong and a swamp, before […]

It’s that time of the year again: Chinese New Year, where relatives suddenly grow an interest in your personal and love life. And for attached twenty-somethings like us, it’s also the time of the year when they suddenly become real estate analysts: especially regarding your Build- to-Order choices. You start to hear takes like: “Eh, […]

ERA, Where Kindness Creates Ripples Life for individuals living with disabilities often comes with immense challenges, but even the smallest act of kindness can make a world of difference. For J.A. Goh, kindness wasn’t a gesture—it was a mission. “If I don’t help him, who will?” he said when asked why he chose to go […]

Road and street names in Singapore tend to have literal roots. For instance, Temple Street is named after Sri Mariamman Temple situated there, whereas Old Airport Road derives its name from its location near the former Kallang Airport. Naturally, this begs the question: where exactly is the ‘beach’ in Beach Road? The answer lies within […]

What do Sengkang Grand Mall, Jurong Point and Pasir Ris Mall have in common? They are shopping malls that are part of an integrated transport hub (ITH). The Land Transport Authority (LTA) introduced these hubs, where bus interchanges seamlessly link to MRT stations and adjoining commercial developments such as shopping malls. Urban planners in land […]

In total, December saw 203 new private homes (excluding ECs) sold, representing a 92.1% month-on-month (m-o-m) downtick over November’s performance (2,560 units sold). This contraction in sales was due to a one-two punch of a lack of new project launches and the typical year-end seasonal lull. Year-on-year (y-o-y), new private home sales were also up […]

Singapore’s real estate landscape continues to grapple with a myriad of challenges. These issues, ranging from affordability concerns to older housing with decaying leases, underscore the urgent need for policies that align with the aspirations of Singaporeans while ensuring sustainable growth in the property market. As we approach Budget 2025, ERA wish to share our […]

ERA, Where Knowledge Sparks Transformations A Passion for Learning That Shapes Success Alethea Seet’s journey into real estate didn’t start with ambition—it started with curiosity. What began as a desire to sell her BTO soon evolved into a career fueled by the pursuit of knowledge. “I initially took the RES course for personal reasons,” she […]

Thriving with Community and Support at ERA In just a few years, Dorian Tan has achieved what many aspire to be in the competitive world of real estate. Securing Millionaire Achiever status in both 2023 and 2024, his journey showcases a perfect balance of personal fulfilment and professional success. At the heart of these achievements […]

February 2025 will see the first of three Build-to-Order (BTO) launches of the year, as well as the yearly Sale of Balance Flat (SBF) exercise. This launch will offer about 5,000 BTO flats, as well as 5,500 SBF flats, totalling a supply of over 10,000 flats in this joint exercise. Interested applicants will require an […]

ERA, Where Ambitions Soar to Limitless Heights While many fresh university graduates embark on corporate careers, Gina Tng charted her own path. With a degree in environmental engineering from Nanyang Technological University and a world of possibilities ahead, she made a bold decision: to forgo the conventional climb up the corporate ladder and dive straight […]

根据新加坡市区重建局（URA）数据，今年下半年店屋仅有28宗交易，较上半年的39宗有所下降。下半年交易总值达2.29亿新元，低于前六个月的3. 65亿新元。全年店屋交易量仅67宗，创下自1998年以来单年交易量的最低记录（当年有48笔店屋成交）。 自2023年洗钱案后，新加坡店屋市场持续低迷，案件抑制了店屋的需求。同时，高利率以及店屋价格的不断攀升，影响了投资收益率。尽管最近降息措施给市场带来了一些乐观情绪，但日益不确定的地缘政治局势使投资者仍保持谨慎。另外，因住宅房地产的额外买方印花税（ABSD）大幅上涨而转向店屋市场的买家热情也有所消退。 值得注意的是，一些买家选择不提交备案，或通过特殊目的公司的股权转让方式完成交易。例如，今年9月，在桥北路（North Bridge Road）和连城街（Liang Seah Street）拐角处一栋四层店屋以4200万新元成交。而桥北路的白沙浮广场（Bugis Junction ）对面，三个毗邻的店屋在10月以7200万新元的价格出售。这些交易均未备案。 因此，2024年备案的总交易金额为5.95亿新元，不及去年11亿新元交易额的一半。远低于2021年时的市场峰值。当年约有245宗有地店屋交易，总值达18亿新元。就历年交易记录来看，目前店屋市场似乎已经触底。 图一: 过去十年店屋交易走势 资料来源：新加坡市区重建局和ERA产业 永久地契更受追捧   99年地契价格上涨 今年下半年28宗交易中，85.7%的交易为永久地契或999年地契。在市场波动中，这类型的店屋保值能力强，受到投资者青睐。 然而，与去年下半年相比，永久地契店屋的平均价格却下降了7.7%。而99年地契的店屋价格则上涨21.6%。除因这些成交的店屋位于市区和文化保护区（conservation area）外。它们的剩余年限均在70年以上。 图 二: 过去十年店屋每平方英尺交易均价走势 资料来源：新加坡市区重建局和ERA产业 这显示了位置优越的99年地契保留店屋，若维护良好并还有较长剩余地契仍能吸引买家。因此，我们预计这些店屋的价格仍有上涨空间。 自2020年以来，店屋交易价格持续上涨，带动高额交易比例上升。2024年，超过一半的店屋交易价格介于500万新元至1000万新元之间。而那些价格低于500万新元的店屋，多数不在市区或是99年地契。 图三: 过去十年店屋成交价比例走势 资料来源：新加坡市区重建局和ERA产业 市区店屋较受欢迎 今年成交的67间店屋中，有63间位于市区。这里汇集餐饮、健身房和共居空间等行业，可为屋主带来更高租金。 其中，第八邮区最受买家欢迎，共有31宗交易（占46.3%）。根据交易数据，这个区可能还存在投资机会，其中10宗的成交价低于500万新元。 此外，第14邮区共有七宗交易，而第一区和第二区各有五宗。     表一: 2024年交易额前五位的店屋交易 新加坡稳定的经济基础支撑房地产市场 在制造业和金融保险等行业带动下，新加坡今年第三季GDP同比增长5.4%，较第二季的3.0%增长有所加快。 半导体产业是新加坡的支柱产业之一。随着全球电子产品需求的持续复苏以及经济活动强于预期，新加坡贸工部将今年全年GDP增长预测从原来的2.0%-3.0%上调至大约3.5%。 经济扩张带动劳动力招聘市场增加。数据显示，新加坡就业人数大幅上升，同时裁员数量有所减少。三季度，招聘人数达2万2300人，远高于今年上半年的1万6000人。此外，今年前九个月的裁员人数为9350人，同比下降15.6%。当季整体失业率维持在1.9%的低位。 同时，新加坡通胀压力持续缓解，降至2.2%，为2021年二季度以来最低水平。其中，住房通胀也在降至2.9%，大幅低于去年一季度4.9%的高峰时期。通胀下降，将使新加坡实际收入回升。 尽管新加坡家庭债务增加，但根据新加坡金融管理局的报告，工资的提高和稳定的金融资产有助于家庭应对抵押贷。此外，美联储的降息举措降低了房主现有抵押贷款的每月还款成本。以新元隔夜利率（SORA）为例，三个月复合新元隔夜利率从1月的3.70%下降至11月的3.24%。   2025年店屋需求将有所改善 展望明年，ERA产业对新加坡房地产市场保持谨慎乐观。首先，利率有望继续下调的利好因素，将有助于明年的房地产市场表现优于今年。这在一定上程度将提振买家信心，推动房地产需求。价格上涨将体现房产价值和潜力，而非投机行为。 另一方面，在稳定的经济基础支撑下，新加坡将继续巩固其作为亚洲领先财富管理中心之一的地位，不断吸引家族办公室、高净值人士和跨国公司来此扎根。其中不乏各类投资者， 他们视新加坡店屋为珍贵稀有资产。 我们认为，当前店屋价格的波动可能是买家寻找潜在优质交易的好时机。尤其是那些位于核心地段且拥有永久地契的店屋可能已被低估。一旦买卖双方的价格预期一致，交易量将有望再次回升。 基于上述因素，我们预计明年店屋交易量将在70到80宗之间，交易金额将在6.5亿新元到7.5亿新元之间。   Disclaimer This information is provided […]

Based on URA’s lodged caveats, landed shophouse transactions fell to 28 deals worth $229.3 million in 2H 2024, down from 39 transactions totalling $365.3 million in 1H 2024. For the whole year, 67 landed shophouses were sold for a total of $594.5 million, marking the lowest number of transactions since 1998, when just 48 shophouses […]

Is recovery on the horizon for the 2025 residential market? Despite getting off to a slow start in the early 2024, Singapore’s residential property market eventually regained its footing in the last quarter of the year. In the first half of 2024, the private housing market saw subdued buyer interest and moderated price growth, weighed […]

2024 was a bumper year for the HDB resale market The Housing and Development Board (HDB) resale market saw continued price growth, reaching an all-time high, driven by a healthy resale volume. Over the first nine months of 2024, the HDB Resale Price Index (RPI) rose by 6.9% and is projected to follow a similar […]

Empowered by ERA’s Expertise and Community In the dynamic world of real estate, Eugene Kang has carved a niche as a top-performing project sales agent who seamlessly combines professional expertise with personal investment acumen. For Eugene, real estate is not just a career—it’s a way of life rooted in hard work, family, and a vision […]

ERA’s Ecosystem, Designed For Success When the COVID-19 pandemic struck, it forced many to rethink their paths. For Claire Tan, a pause in her thriving beauty business became the catalyst for an extraordinary career pivot. Today, Claire is a celebrated real estate agent, ranked among the Top Achievers, a Rising Millionaire of 2024, and the […]

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 […]

New year, new launches, and new opportunities to find your dream home. Following a lull in the earlier months of 2024, November saw no fewer than six new private residential developments hitting the market all at once. These include The Collective at One Sophia, Chuan Park, Emerald of Katong, Union Square Residences, Nava Grove, and […]

The Toa Payoh Lorong 1 GLS site that made headlines when it was awarded a year ago, and will be launched in 1Q 2025, as a condo called The Orie. The new development will be built in place of an old police compound, which was an iconic structure that’s a key part of Toa Payoh’s […]

The 1H 2025 Government Land Sales (GLS) program saw an increase in the overall private home supply to 8,505 units, up from 8,140 units in 2H 2024. A total of ten sites were placed on the Confirmed List, comprising six private residential sites, one Commercial & Residential site, and three EC sites. Collectively, the 1H […]

Keep scrolling, because we’ve done the math for you! It’s often said that location is the most important factor when buying a new home. While that is almost always the gospel truth, price is undeniably the next-most crucial point of consideration for any aspiring homeowner. Amidst the current market where prices for private properties are […]

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, […]

This article was brought to you in conjunction with Hoi Hup Realty and Sunway Developments, and ERA Property Megashow – the premier event for discovering valuable investment opportunities in Singapore. Terra Hill is a small development with 270 housing units developed through a joint venture between Hoi Hup Realty and Sunway Developments. The development is […]

This article was brought to you in conjunction with FRX Capital and ERA Property Megashow – the premier event for discovering valuable investment opportunities in Singapore. How does the idea of living near a heritage tourist attraction, business hubs with Grade-A offices, and one of Singapore’s largest coastal redevelopment projects sound to you? If your […]

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 […]

For Singaporeans, the Executive Condominium (EC) presents an opportunity to enjoy all the benefits of a private property: owners get to enjoy all of the prestige, privacy, and facilities associated with a typical condo, but at a more accessible price point The EC housing concept is unique to Singapore, and was introduced in 1995, to […]

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 […]

Pine Grove is a private residential estate located in the Ulu Pandan neighbourhood, in the Rest of Central Region (RCR) district 21. The estate was initially populated by landed houses, before condominiums started being built there in the 1970’s. In 1977, Ridgewood Condominium was built next to the site of the Singapore American School, with […]

 Some Singaporean couples have successfully own two properties. But careful long-term planning is a must. For many Singaporean families, the pinnacle of housing aspiration is to own at least two properties in their lifetime – one serving as the roof over their heads, and the other, a means to generate consistent cashflow. To achieve this, […]

Singapore’s Central Area was actually one of the first few areas where homes were introduced. In the 1970s, HDB mixed-use developments such as Tanjong Pagar Plaza, Bras Basah Complex and People’s Park (Chinatown). Later, more HDBs were added including those at Everton Park and most recently, Pinnacle@Duxton (completed in 2009). These places were highly sought […]

With so many projects to choose from, which is the right one for you? Whatever your choice may be – may the odds be ever in your favour. The Housing & Development Board (HDB) has officially launched 8,500 Build to Order (BTO) flats on 16 October 2024. This rounds up the 19,600 BTO flats promised […]

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 […]

Slightly more than a decade ago, the Urban Redevelopment Authority (URA) released its Draft Master Plan 2013, revealing the then-current blueprint that would guide Singapore’s land use over the next 10 to 15 years. Within it, several projects were outlined to further anchor Woodlands’ status as an up-and-coming regional hub. This entailed fully transforming the […]

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 […]

Older flats, once considered less desirable due to their age, have gradually become more prominent in the resale market. If you are thinking of buying one, beware of hidden costs like maintenance and repairs that could catch you by surprise. In recent years, we’ve witnessed an interesting shift in the HDB resale market in recent […]

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 […]

A new MRT line always brings about hype and conversation. Truer words cannot be spoken for the colourful District 15, which has been patiently waiting for MRT access for decades. District 15, consisting of the East-Coast and Marine Parade residential estates, has a rich and prolific history. From the mid-19th century, the Katong precinct was […]

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 […]

Freehold land parcels were last sold prior to the introduction of GLS Programme in 1967, mostly taking place before Singapore’s independence. If all Government Land Sale (GLS) sites have a 99-year leasehold (99-LH) tenure, then why are there 999-year leasehold (999-LH) or freehold developments? In land-scarce Singapore, selling residential land on a 99-year lease allows […]

Bukit Timah is traditionally known to be a prime residential area consisting predominantly luxury private condominiums and landed homes, as well as being located near the Core Central Region (CCR). But this could soon change over the next 20 to 30 years. So you see, the Urban Redevelopment Authority (URA) and the Housing & Development […]

Can seniors right-size comfortably from their landed homes? The answer is “Yes”. During his first National Day Rally this year, Prime Minister Lawrence Wong cast a spotlight on housing options with improved infrastructure for Singaporean seniors, highlighting that “there are seniors who prefer not to move” who desire to “age in place, where they currently […]

For almost anyone doing it for the first time, buying a home in Singapore can be a confusing process. Throw in a bunch of acronyms, like ABSD (Additional Buyer’s Stamp Duty) and MOP (Minimum Occupation Period), and things can get baffling real quick. However, if you’re intending to take out a loan on a new home purchase, […]

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 […]

The results are in! Recently concluded on 23 July 2024, ERA Singapore’s inaugural ‘My Dream Home’ survey uncovers a treasure trove of insights about the homebuying preferences, residential needs, housing budgets, and property aspirations of Singaporeans of all ages. The survey, which was conducted in partnership with Ngee Ann Polytechnic, drew key insights from the […]

Have you ever dreamed of staying in a place not dominated by towering high-rises but filled with greenery and low-rise houses instead? A place with its own unique flair and personality, where heritage and modern lifestyle blend seamlessly? Areas like Katong or Tiong Bahru might come to mind, but they can be a bit too […]

Private home rental market shows signs of bottoming in 2Q 2024, while the HDB rental market remains resilient. Private Residential Rental Index  The private residential properties rental index decreased by 0.8% quarter-on-quarter (q-o-q), reflecting a slower pace of growth compared to the 1.9% seen in the previous quarter. This marked the third consecutive quarter of […]

Given their on-site facilities, like swimming pools and gyms, as well as the “condominium” label, it’s not hard to see why Executive Condominiums (EC) are an attractive option for homebuyers in Singapore. Besides offering similar value propositions as regular condominiums, such as the privacy and security of a gated compound, ECs also possess a comparable […]

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, […]

In real estate, the phrase “location, location, location” is a frequently-heard mantra echoing the importance of location when buying a new property. While that’s undeniably true, the next most-important consideration for the conscious homebuyer is most assuredly, price. After all, with ongoing concerns about HDB resale flats hitting the million-dollar mark – one of the […]

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 […]

If you’ve been paying notice to the latest news about Singapore’s property market, you’d likely have seen headlines such as “IRAS to claw back S$60 million from buyers who used ’99-to-1’ loophole to avoid ABSD” and “Why using ’99-to-1’ is illegal in avoiding Additional Buyer’s Stamp Duty” making the rounds recently. Naturally, these announcements have […]

Following the launch of the June 2024 Build-To-Order (BTO) exercise, the Housing Development Board (HDB) has concurrently announced details regarding the upcoming BTO exercise that is slated for October 2024. In this October 2024 sales exercise, 8,500 flats will be offered as Standard, Plus, or Prime flats based on their specific locational attributes. What’s New […]

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 […]

URA dropped ten sites on the Confirmed List. Could this lead to a potential housing glut?  On the 25th June 2024, the Urban Redevelopment Authority (URA) announced a list of ten sites on the Confirmed List for their Government Land Sales (GLS) program. These will comprise nine residential sites, inclusive of an executive condominium (EC) plot, […]

Heard of developments like Ardor Residence, The Hillshore, or Straits at Joo Chiat? Then you might already be familiar with some of the newest boutique condominiums, or boutique condos on the market now. Consisting of 100 units or less, boutique condominiums (or condos) are small, yet sophisticated. And though they possess smaller site areas and […]

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 […]

In recent months, land bids for Government Land Sales (GLS) sites have fallen, with noticeably lower participation by developers. In the first five months of 2024, the average number of developers bidding for awarded sites with residential use fell to 2.4, down from 3.4 in 2H 2023 and the peak of 8.6 in 2021.   […]

Among the three types of residential properties available in Singapore, from HDBs, to condos, and lastly landed property, landed property is the most elusive. Making up only 17.9% of private housing in Singapore, there is much about the landed property segment that most don’t know about. Not only are landed properties expensive, they come with […]

Picture this: You end a long day of work, and step foot into the mega-development you call home. You are immediately greeted by the familiar sights and sounds of children frolicking about, enjoying their playtime in the estate gardens and the splash pools as the sun sets. Their parents, who are watching closely, are chatting […]

District 15 possesses a unique blend of heritage, convenience and quietness. It has always been lauded by Easties as one of the best places to live in Singapore. Being a location well loved by both locals and expats alike, District 15 has always been a popular district among homebuyers. This is due to the allure […]

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 […]

The first wave of Build-To-Order (BTO) flats launched in February 2024 were generally well received by the public, receiving an application rate of about 2.5 times (10,521 applications for 4,126 units). The application rate even peaked at 5.2 times (with 1,300 applicants for 251 units) for the Tanglin Halt Courtyard project, under the Prime Location […]

Following the recent submission and closure of a joint bid in March this year, we will be seeing five major real estate players — CapitaLand Development, City Developments, Frasers Property, Mitsubishi Estate and Mitsui Fudosan (Asia) – joining hands to drive a singular visionary goal for Singapore.  That is to propel the development of the […]

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 […]

Every Singapore district has its highlights. District 9 has a world-renowned shopping belt in Orchard Road, District 11 has a growing medical hub, and District 14 has Paya Lebar which will be redeveloped as a “highly liveable and sustainable new town”. The list goes on. So then, what does District 15 have to offer? Located in […]

  By and large, February has been an eventful month for the local housing market and Singaporeans in general. Headlining the news was an increase in rental demand, as well as the latest changes in housing policies that were announced by Deputy Prime Minister and Finance Minister Lawrence Wong during Singapore Budget 2023. Also, of […]

Let’s rewind the clock back to 2021, specifically to November, when the biggest headline in the media was the easing of COVID-19 measures on dining out in Singapore. And while this piece of news was certainly cause for celebration, the very same month also saw the very first Built-to-Order (BTO) projects – namely River Peaks I & II […]

Home buyers rejoice! Whether you’re looking for a brand-new private residential property in the North, South, East or West of Singapore, there’s no lack of options to choose from. Compared to last year’s total of 20 new launches (17 condominium projects and 3 executive condos to be exact), over 40 new private housing projects may […]

Though 2022 has come and gone, its events continue to bear weight today. For instance, the Goods and Services Tax (GST) rate hike was announced during last year’s Budget Speech, only to kick in on the first day of the new year. This news about the GST increase from 7% to 8% on 1 Jan […]

Where things stand currently at the starting line of 2023, global economies – including Singapore’s – will likely continue to be occupied with three issues from 2022, namely rising interest rates (and by association, inflation as well as recession), the Russo-Ukrainian war, and not least, the still-lingering shadow of COVID-19. The question connecting these issues […]

Chances are, we’ve all griped about its periodic malfunctions or jam-packed carriages at some point of time. But despite the occasional inconvenience, the Mass Rapid Transport (MRT) system remains an integral part of Singapore’s transport system as well as the daily commuting experience of most local residents. Based on the latest SBS Transit figures available, […]

For anyone interested in owning a luxurious home on Singapore’s only resort island, now’s your chance. Show flat previews for units at Cape Royale have already begun on June 28, and bookings have started on July 6. So, if there is a good time to get an idea of what life at this seafront condominium […]

Those who have been paying attention to recent Government Land Sales (GLS) will be aware that tenders for two sites – namely Dunman Road and Pine Grove – were recently awarded by Urban Redevelopment Authority (URA) to developers on 14 June 2022. The tender for the Dunman Road site attracted a total of 2 bids, […]