Developers’ sales for the week of 8 May – 14 May 2023 were 62 units The CCR accounted for 44.6% while the RCR and OCR made up 41.1% and 14.3% The top-selling project in the CCR was One Holland Village Residences, followed by The Continuum and The Landmark in the RCR, and EC - North Gaia in the OCR Developer’s sales in Apr 2023 jumped 80.3% month-on-month to 887 units The two major...
Developers’ sales for the week of 1 May – 7 May 2023 were 282 units The CCR accounted for 13.1% while the RCR and OCR made up 82.6% and 4.3% The top-selling project in the CCR was The Atelier, followed by The Continuum in the RCR, and Baywind Residences in the OCR Considering the recent cooling measures and cloudy economic outlook, The Continuum had a strong showing, selling more than 25%...
https://www.youtube.com/watch?v=Df9YRX25Eyo This is a good video worth investing some time to watch. The main topic is about enbloc but other good pointers are brought up, giving us deeper understanding of the Singapore real estate market. Here are my key points from the video: 1) Singapore has close to 90% home ownership, which is unique compared to other countries where it is around...
The Singapore government's recent doubling of the Additional Buyer’s Stamp Duty (ABSD) for foreign buyers and the slight bump in rates for Singaporeans and permanent residents (PRs) aims to slow the inflow of capital into the housing market and curb rising prices, which have been growing for 12 consecutive quarters. This move could have two effects on the market: developers may reconfigure project...
Developers’ sales for the week of 24 Apr – 30 Apr 2023 were 308 units The CCR accounted for 19.4% while the RCR and OCR made up 76.6% and 3.9% The top-selling project in the CCR was The Atelier, followed by Blossoms by the Park in the RCR, and Lentor Modern in the OCR Fresh cooling measures targeting foreigners and non-first time home buyers were rolled out on 26 Apr 2023 The ABSD tax...
https://www.huttonsgroup.com/news/huttons-comments-on-26-april-cooling-measures/ Why do governments frequently implement property measures? Budget Day on Valentine’s Day is a wealth tax to collect more from the rich & privileged. Last year Sep measures were targeted to make sure prudent purchases and being made. This time round, the measures are focusing on rich foreigners which we are...
The condo volume track a strong volume growth of 54% as compared to month of Feb. Overall price grow 1.4% month on month, 8.6% year on year. Due to a lack of new launches in the outside central region OCR area other than Botany, the resale volume largely came from the ECs that are MOP such as Brownstone, Criterion & other OCR condos that are well priced. Despite the market challenges, the...
https://www.theonlinecitizen.com/2023/02/08/louis-chua-not-difficult-to-see-manifestations-of-the-severe-demand-supply-imbalance-in-singapores-housing-market-today/ In case you missed this article, this is a great explanation of the current housing imbalance of demand & supply right now. Which is also a reason why prices will remain stubbornly high and will no longer return to pre covid 2019...
Developers’ sales for the week of 17 Apr – 23 Apr 2023 were 75 units The CCR accounted for 57.3% while the RCR and OCR made up 24% and 18.7% The top-selling project in the CCR was The Atelier, followed by The Landmark in the RCR, and The Gazania in the OCR The Atelier had a limited time discount on selected unit types last week The attractive prices prompted many buyers to secure their...
Singapore's Downtown Core is set to undergo a series of major developments this year. With the CBD Incentive Scheme, the government is actively working towards converting existing, older office developments into mixed-use projects that will rejuvenate the CBD. Among the highly-anticipated projects set to launch are Marina View Residences by IOI, Newport Residences by CDL, and Skywaters Residences...
