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Landed Shophouse Transactions Slow in 1H 2024 Amid Seller-Buyer Price Standoffs

At present, Singapore’s shophouse market marks a departure from past performance, when transaction volumes were notably higher. As of 10 July 2024, based on lodged caveats, only 36 shophouses changed hands in the first six months of 2024, amounting to a total transaction value of $341.7 m. This is a far cry from the market’s […]

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Articles Consumers

99-to-1 Shareholding: Legit Arrangement or Illegal ABSD Loophole? Issues Explained!

If you’ve been paying notice to the latest news about Singapore’s property market, you’d likely have seen headlines such as “IRAS to claw back S$60 million from buyers who used ’99-to-1’ loophole to avoid ABSD” and “Why using ’99-to-1’ is illegal in avoiding Additional Buyer’s Stamp Duty” making the rounds recently.  Naturally, these announcements have […]

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Articles Consumers

2Q 2024: HDB Resale Quarterly Flash Report

Continuing the trend of moderate price growth for resale flats, the latest HDB flash estimates indicate a modest uptick in prices for 2Q 2024, with the Resale Price Index rising to 187.6. Quarter-on-quarter (q-o-q), this represents an increase of 2.1% over 1Q 2024. Similarly, the volume of resale HDB flat transactions showed upwards movement, reaching […]

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October 2024 BTO Launch: Plus Flats Make Their Debut

Following the launch of the June 2024 Build-To-Order (BTO) exercise, the Housing Development Board (HDB) has concurrently announced details regarding the upcoming BTO exercise that is slated for October 2024. In this October 2024 sales exercise, 8,500 flats will be offered as Standard, Plus, or Prime flats based on their specific locational attributes. What’s New […]

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2Q 2024: Residential Private Property Quarterly Flash Report

Singapore’s private property market continued to slow down one year after the adjustments to Additional Buyer’s Stamp Duty (ABSD) rates were introduced in April 2023. Furthermore, buyers have turned cautious and have pushed back their homebuying plans amid strong headwinds from slower economic growth. This has been further compounded by higher-for-longer interest rates and the […]

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Articles Consumers

2H 2024 GLS: Bumper Crop of Sites to Boost Singapore’s Land Supply

On the 25th June 2024, the Urban Redevelopment Authority (URA) announced a list of ten sites on the Confirmed List for their Government Land Sales (GLS) program. These will comprise nine residential sites, inclusive of an executive condominium (EC) plot, and a residential and commercial plot. This is part of an active effort by the […]

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Articles Consumers

Boutique Condos: What’s The Big Deal With These Small Condos?

Heard of developments like Ardor Residence, The Hillshore, or Straits at Joo Chiat? Then you might already be familiar with some of the newest boutique condominiums, or boutique condos on the market now. Consisting of 100 units or less, boutique condominiums (or condos) are small, yet sophisticated. And though they possess smaller site areas and […]

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Will New Launch Condo Prices Drop with Lower Land Costs? Don’t Bet on It.

In recent months, land bids for Government Land Sales (GLS) sites have fallen, with noticeably lower participation by developers. In the first five months of 2024, the average number of developers bidding for awarded sites with residential use fell to 2.4, down from 3.4 in 2H 2023 and the peak of 8.6 in 2021.   […]

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Articles Consumers

Landed Property in Singapore 101: Understanding Types, Leases, and More!

Among the three types of residential properties available in Singapore, from HDBs, to condos, and lastly landed property, landed property is the most elusive. Making up only 17.9% of private housing in Singapore, there is much about the landed property segment that most don’t know about. Not only are landed properties expensive, they come with […]

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Articles Consumers

Mega-Development Condos: Should You Be Interested in One?

Picture this: You end a long day of work, and step foot into the mega-development you call home. You are immediately greeted by the familiar sights and sounds of children frolicking about, enjoying their playtime in the estate gardens and the splash pools as the sun sets. Their parents, who are watching closely, are chatting […]

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