Developers’ sales for the week of 19 Aug to 25 Aug 2024 were 58 unit
The respective top-selling projects in the CCR is Cuscaden Reserve, followed by Tembusu Grand in the RCR and Hillock Green in the OCR
The Government announced cooling measures on the HDB market by lowering the Loan-to-Value limit for HDB loans to 75%, similar to a bank loan for a HDB flat
In the near term, the resale demand may slow temporarily as buyers take stock of the new measures but over time, demand will return and prices will continue to rise
Most buyers of 4-room and 5-room flats utilise a bank loan for their purchase and there is no difference
But because of the lower supply of newly MOP 4-room and 5-room flats, the prices are likely to continue to increase
There is no impact on the million-dollar flats market and it is unlikely to cool the market
In 2025, an estimated 7,000 flats will reach their MOP which is even lower than 2024’s estimated 12,000 flats fulfilling the MOP
HDB resale prices may continue to rise in 2025.
