Developers’ sales for the week of 11 – 17 Dec 2023 were 47 units
The CCR accounted for 14.9% while the RCR and OCR made up 31.9% and 53.2%
The respective top-selling projects in the CCR is Cape Royale, followed by The Continuum in the RCR, and J’den in the OCR
There will be more supply of resale flats for sale from owners moving into a new HDB flat/EC or buying a new launch unit in 2024
There are more buyers looking for resale flats without the PLH restrictions and this in turn may push up the prices of such flats
The number of million-dollar flat transactions is estimated at 460 in 2023 and the situation is likely to remain sticky in 2024 with estimated transaction volume between 450 and 500 flats
HDB resale flat transactions are estimated to be between 25,000 to 27,000 while resale flat prices are likely to stabilise in the range of 3% to 5% in 2024
The stable HDB resale market is likely to encourage more HDB owners to look at upgrading to a private home or EC unit
