The sale launches for the first two projects in 2024 will set the mood for the next few months. Despite many opinion leaders citing this as an encouraging sales results, I personally think that the buyer sentiment remains thin. The main issue is about ABSD which penalize multiple properties owners. Which also means that choosing the right residential property to own has becoming more and more...
Developers’ sales for the week of 8 – 14 Jan 2024 were 41 units The CCR accounted for 14.6% while the RCR and OCR made up 31.7% and 53.7% The respective top-selling projects in the CCR is Watten House, followed by The Continuum in the RCR EC – Altura, EC – North Gaia, Hillock Green and Sceneca Residence were the top-selling projects in the OCR Developers sold an estimated 135 units...
10 Jan 24 Government’s Direction for New Homes The latest news on Monday talks about the government's direction for new homes. Minister Desmond Lee shared updates on both public and private housing supplies. In simple words, the government wants to make sure that property prices grow steadily with the market. They are keeping an eye on the balance between how many houses are available and...
Developers’ sales for the week of 1 – 7 Jan 2024 were 27 units The CCR accounted for 11.1% while the RCR and OCR made up 55.6% and 33.3% The respective top-selling projects in the CCR is Watten House, followed by Pinetree Hill and The Reserve Residences in the RCR, and EC – North Gaia in the OCR HDB is reducing its BTO flats from 22,780 units in 2023 to 19,600 units in 2024 but remain...
Is 2024 Going to Be the Same Old Same Old? As we step into the new year, everyone's curious about what's in store for the real estate market. Many folks looking to buy or sell property are contemplating their next big move, understanding that it's not as simple as buying vegetables. In the HDB market, prices and volume are expected to grow, although at a slower pace. Government policies aim to...
Sales for 25 – 31 Dec 2023 were 38 units The CCR accounted for 15.8% while the RCR and OCR made up 50% and 34.2% The respective top-selling projects in the CCR is 10 Evelyn, followed by The Continuum in the RCR, and Hillock Green in the OCR Flash estimates from URA showed that private property prices grew 2.7% in 4Q 2023 and 6.7% in 2023 The quarterly price growth in 4Q 2023 is more than...
Sales for the week of 18 – 24 Dec 2023 were 18 units The CCR accounted for 27.8% while the RCR and OCR made up 38.9% and 33.3%. The respective top-selling projects in the CCR is Watten House, followed by Grand Dunman and The Reserve Residences in the RCR, and EC - North Gaia in the OCR. In 2024, there may potentially be up to 38 launches with an estimated 11,590 units including the sole EC...
Unintended Consequences of Cooling Measures Policies While I am working on the ground serving many clients with their real estate needs, here are some things that I observe and do hope that there will be tweaks by the policy makers 1) ABSD and lower loan to value for single property owner upgrading for own use While the measures is aim at multiple properties owners for a more stringent loan and...
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...
Check out Fed Interest Rate Decision December 2023...
