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 […]
Category: Articles
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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. […]
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 […]
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 […]