May 2024

Developer sales figures for the month of April.

In April 2024, there were three launches – 14-unit 32 Gilstead, 142-unit The Hill @one-north and 59-unit The Hillshore, amounting to a total of 278 units. This is a 68.3% drop from the previous month and 65.2% lower year-on-year. Nevertheless, sales at these three launches were encouraging. More than 80% of the sales in April 2024 were for units in earlier launched projects like The Botany at...

Developers’ sales for the week of 6 May – 12 May 2024 were 41 units

The CCR accounted for 12.2% while the RCR and OCR made up 26.8% and 61% The respective top-selling projects in the CCR is 19 Nassim and Klimt Cairnhill followed by Grand Dunman in the RCR and The Myst in the OCR A GLS site at Holland Drive will close on 14 May This is the last plot of land for private residential development in the popular Holland Village enclave It may be developed into a...

Developers’ sales for the week of 29 Apr – 5 May 2024 were 78 units

The luxury non-landed homes market appeared to have stabilised in 1Q 2024 Adjusting for the effect of new sale, transactions in the luxury non-landed homes resale market was estimated at 40, 17.6% higher quarter-on-quarter (QoQ) The heightened geopolitical tensions appeared to have convinced buyers to buy a home in Singapore which is often seen as a safe haven Based on Huttons Data...

~LIVE BANK RATES UPDATES MAY

-KEY POINTS- -Sora to stay high as rates reduction unlikely -1year fixed rate (if any) is less attractive as high interest will go far into next year - 2yrs Fixed Rates 3.00 3.00 (>300k) - 2yrs Fixed Rates 2.95 2.95 (>500k) - 2yrs Fixed Rates 2.90 2.90 (>800k) - 2yrs Fixed Rates 2.88 2.88 (>1mil) NEW - 2yrs Fixed Rates 2.85 2.85 (>1.3mil) NEW FIXED RATES WITH FREE REVISION...

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