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...
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...
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...
-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...
URA released 1Q 2024’s numbers on 26 Apr which highlighted the strength of the property market Since the trough in 2Q 2017, property prices have appreciated by 49.6% over 27 quarters, the longest ever since the start of the price index in 1995 Developers’ sales in 1Q 2024 is 6.6% higher than the previous quarter but 7.3% lower than a year ago There is a noticeable pickup in purchases by...
The CCR accounted for 13.8% while the RCR and OCR made up 55.4% and 30.8% The respective top-selling projects in the CCR is Cuscaden Reserve and The Residences at W Singapore Sentosa Cove followed by The Hill @one-north in the RCR and The Botany at Dairy Farm in the OCR The Hill @one-north sold 42 units on launch weekend and attracted a good balance of investors and owner occupiers While most...
The CCR accounted for 13.6% while the RCR and OCR made up 13.6% and 72.8% The respective top-selling projects in the CCR is Watten House followed by The Landmark in the RCR and The Botany at Dairy Farm in the OCR Developers’ sales for the month of Mar 2024 jumped 4.7 times to 718 units from 149 units in Feb 2024 The spike in sales volume was largely due to the successful launch of Lentor...
The CCR accounted for 15.7% while the RCR and OCR made up 22.9% and 61.4% The respective top-selling projects in the CCR is Cuscaden Reserve followed by Pinetree Hill in the RCR and The Botany at Dairy Farm in the OCR The first GLS tender for long stay serviced apartments (SA2) closed on 4 Apr with only one bidder The sole bid is expected, given the large quantum of more than $1 billion and...
The CCR accounted for 25.2% while the RCR and OCR made up 29.1% and 45.6%. Price gains in the property market moderated to 1.5% in 1Q 2024, easing from the 2.8% gains in the previous quarter while transaction volume in 1Q 2024 is lower by about 20% quarter-on-quarter, largely pulled down by the resale and subsale market. Huttons Data Analytics estimate developers launched between 1,300 and 1,400...
The CCR accounted for 28.0% while the RCR and OCR made up 24.0% and 48.0% The respective top-selling projects in the CCR is Cuscaden Reserve followed by Grand Dunman in the RCR and EC – North Gaia and The Botany at Dairy Farm in the OCR There will be 2 GLS tenders closing on 4 Apr – Zion Road (Parcel A) and Upper Thomson Road (Parcel B) Zion Road (Parcel A) enjoys prominent frontage along...
