Developers’ sales for the week of 24 Apr – 30 Apr 2023 were 308 units The CCR accounted for 19.4% while the RCR and OCR made up 76.6% and 3.9% The top-selling project in the CCR was The Atelier, followed by Blossoms by the Park in the RCR, and Lentor Modern in the OCR Fresh cooling measures targeting foreigners and non-first time home buyers were rolled out on 26 Apr 2023 The ABSD tax...
https://www.huttonsgroup.com/news/huttons-comments-on-26-april-cooling-measures/ Why do governments frequently implement property measures? Budget Day on Valentine’s Day is a wealth tax to collect more from the rich & privileged. Last year Sep measures were targeted to make sure prudent purchases and being made. This time round, the measures are focusing on rich foreigners which we are...
The condo volume track a strong volume growth of 54% as compared to month of Feb. Overall price grow 1.4% month on month, 8.6% year on year. Due to a lack of new launches in the outside central region OCR area other than Botany, the resale volume largely came from the ECs that are MOP such as Brownstone, Criterion & other OCR condos that are well priced. Despite the market challenges, the...
https://www.theonlinecitizen.com/2023/02/08/louis-chua-not-difficult-to-see-manifestations-of-the-severe-demand-supply-imbalance-in-singapores-housing-market-today/ In case you missed this article, this is a great explanation of the current housing imbalance of demand & supply right now. Which is also a reason why prices will remain stubbornly high and will no longer return to pre covid 2019...
Developers’ sales for the week of 17 Apr – 23 Apr 2023 were 75 units The CCR accounted for 57.3% while the RCR and OCR made up 24% and 18.7% The top-selling project in the CCR was The Atelier, followed by The Landmark in the RCR, and The Gazania in the OCR The Atelier had a limited time discount on selected unit types last week The attractive prices prompted many buyers to secure their...
Singapore's Downtown Core is set to undergo a series of major developments this year. With the CBD Incentive Scheme, the government is actively working towards converting existing, older office developments into mixed-use projects that will rejuvenate the CBD. Among the highly-anticipated projects set to launch are Marina View Residences by IOI, Newport Residences by CDL, and Skywaters Residences...
1) HDB upgraders are slowly getting priced out of the private property market. 2) The number of HDB upgraders acquiring new OCR condominiums has fallen steeply from 53.5% in 2021 to the smallest proportion across the period of analysis. 3) Buyers of new condominiums in the outside central region (OCR) are no longer mostly HDB dwellers, and the median price per square foot (psf) for suburban...
Developers’ sales for the week of 10 Apr – 16 Apr 2023 were 70 units The CCR accounted for 52.9% while the RCR and OCR made up 28.6% and 18.6% The top-selling project in the CCR was Midtown Bay, followed by Tembusu Grand in the RCR, and EC - North Gaia in the OCR URA’s latest data showed that developers sold 492 units in March, 13.6% higher month-on-month Sales in March 2023 was led...
It’s going to be another project whereby its 1 and 2 bedroom units will be fully sold out on launch day. The developer EL Development is pricing it very attractively as compared to another recent project in district 5 Terra Hills, which sold averagely at $2650psf. It will start previews for its Blossoms By The Park project, which will house 275 residential units from Apr 14. The development...
Depending on how you see it, there will be a large supply of new private condos coming up in the new Lentor Hills precinct. As a home buyer, the whole area will become much more vibrant with the new injections of families, infrastructure improvements, more amenities. However, for investors who have bought in for the earlier plots of land would have prefer that the URA released the other plots of...
