The rising cost of housing has become a global issue and young people are struggling to buy their own homes. This article discusses how this issue is affecting Singaporean youth. The richer families may gift their next gen with a private property or help them with their initial downpayments, while the middle income families may help with the smaller deposit for a resale or BTO Hdb. In Singapore,...
Based on my interactions with my friends and clients that are singles, it is disheartening to see the new "hostel-like" public housing model for singles that was recently unveiled by the HDB. Pictures of shared facilities and private rooms have been compared to army camps, foreign worker dormitories, and cramped Hong Kong apartments. Like it or not, HDB is an experience that gives most...
According to recent data analysis done, subsale volumes in private property have reached a 10-year high in 2022. Subsale transactions are done usually at the end of the 3 years seller stamp duty SSD mark and before the project completed/TOP, before keys collections. Because of covid, the building construction has a longer runway of 4-5 years and the 3 years SSD starts from the date of...
This news piece offers an insightful analysis of the ongoing shift in the real estate industry from commercial to residential properties, driven by the COVID-19 pandemic and changing market behaviors & demands. The redevelopment of Bedok Point mall to Sky Eden is just the first of the many projects to come that will take up the conversion of older office developments into mixed-use...
The CCR accounted for 75.0% while the RCR and OCR made up 14.7% and 10.3% The top-selling project in the CCR is Leedon Green, followed by The Landmark in the RCR, and The Gazania and Urban Treasures in the OCR The Buyer’s Stamp Duty was raised previously in Feb 2018 and recently in Feb 2023 An analysis of caveats from 4Q 2017 to 2Q 2018 showed that demand and prices for new homes...
The real estate market is eagerly anticipating the Q2 of 2023, which promises to offer a wide variety of fresh exciting projects for both homeowners and investors. The new launches are set to cater to different groups of buyers, with many projects located close to existing or upcoming MRT stations. Which in turn ensure excellent connectivity to employment hubs, commercial offerings and attractions...
I am bullish about the luxury property rental market. This is not just based on the news reports but also my interactions with my clients & colleagues. Recent months we have seen new record highs for both landed and non-landed prime segments, driven by foreign high-net-worth individuals who are looking to set up family offices in Singapore. These outlier deals have performed well despite the...
HDB resale performance is critical to the health of Singapore's residential property market. The inter relation of HDB resale and private resale markets is also predictable. If HDB resale doesn't do well, private resale will also not do well. The recent decline in HDB resale volume may result in a price drop in the coming months. However, based on our market observations, HDB resale volume...
Developers’ sales for the week of 27 Feb – 5 Mar 2023 were 302 units The CCR accounted for 20.2% while the RCR and OCR made up 8.3% and 71.5% The top-selling project in the CCR is Royalgreen, followed by The Landmark in the RCR, and The Botany at Dairy Farm in the OCR The Botany at Dairy Farm sold almost 50% on launch day which is within expectations The one and two bedrooms were almost...
