Empowering Your Real Estate Journey

In April 2025, developer sales reached 663 new private homes (excluding ECs), reflecting a 9.1% month-on-month (m-o-m) decline. A total of three projects made their showing in the month: One Marina Gardens (937 units total), Bloomsbury Residences (358 units total), and 21 Anderson (18 units total). With the debut of these projects, April 2025 saw […]

下文由ERA公关经理岳开新翻译 此前我们曾探讨过，延长中央商务区奖励计划（CBD Incentive Scheme，简称CBDI）与战略发展奖励计划（Strategic Development Incentive Scheme，简称SDI）对振兴中央商务区所起的重要作用。这些计划为市中心老旧建筑的重建注入了活力，成为城市更新的重要催化剂。如今，作为中央商务区的延伸区域，滨海南将肩负起重塑新加坡城市景观的关键使命，揭开发展新篇章。   中央商务区的演变 19世纪 新加坡最早的商业区可追溯至19世纪初，当时商业活动沿新加坡河两岸逐步展开。凭借海上丝绸之路的战略地位，新加坡迅速崛起为重要自由港，成为中国、印度与东南亚之间贸易的枢纽。 当时，驳船码头（Boat Quay）、克拉码头（Clarke Quay）及莱佛士坊（Raffles Place）一带陆续建起大量店屋，支撑快速发展的贸易活动与日益壮大的商圈。银行及其他相关企业也随之进驻，逐步形成新加坡首个真正意义上的商业核心区。 来源：郭尚慰收藏，PictureSG，新加坡国家图书馆 进入20世纪初，随着新加坡港口地位不断上升，商业区开始面临严重拥堵问题。由于缺乏系统的城市规划，商铺、住宅与工厂混杂分布，造成道路阻塞、污染加剧，引发公众对健康与环境的担忧。 为应对这些挑战，新加坡政府在1960至1970年代启动大规模城市提升计划，旨在以更有序的方式重塑城市面貌。 1966年出台的《土地征用法令》（Land Acquisition Act）和1967年政府售地计划（Government Land Sales, 简称GLS）的推出，有效解决了土地所有权零散的问题，并为私人开发设立了更透明、规范的土地获取机制。这些政策为现代中央商务区的发展奠定了坚实基础。 迈向现代化的摩天商务区 在城市规划框架下，下一阶段的发展聚焦于建设高层办公大楼，推动中央商务区的现代化。Hong Leong Building（1976年）、华侨银行中心（OCBC Centre，1976年）、大华银行广场（UOB Plaza，1972年）和新加坡置地大厦（Singapore Land Tower，1980年）是首批拔地而起的摩天大楼，至今仍屹立在新加坡的天际线中。 这些高楼不仅重塑了城市轮廓，也满足了不断增长的办公空间需求，为新加坡金融中心的发展提供了基础设施支撑。 进入2000年代，新加坡作为区域金融枢纽的地位愈发稳固，带动了对高品质办公空间的持续需求。与此同时，商业价值稳步上扬，空置率维持在低位，吸引大量机构与私人投资者将目光投向这一市场，以期实现长期资本增值与稳定回报。 此外，中央商务区拥有覆盖全岛的交通网络，连通性强，大幅提升商务便利性。作为新加坡商业生态的核心枢纽，中央商业区不仅承载着贸易与商务活动，也促进了企业间的交流与合作。 在2024年全球金融中心指数（Global Financial Centres Index）中，新加坡在全球133个金融中心中排名第四，进一步巩固了其作为全球领先金融枢纽的地位。这一成就或将进一步推升对优质办公空间的需求。随着现有中央商业区发展逐渐饱和，且社会对绿色可持续发展的呼声日益高涨，滨海南的开发无疑为新加坡商务区的扩展提供了恰逢其时的契机。 滨海南：新加坡全新可持续综合社区的诞生 资料来源：市区重建局 资料来源：市区重建局 滨海南将被打造为一个集住宅、零售、酒店、办公与生活配套设施于一体的综合用途社区，各类设施皆可在10分钟步行范围内轻松抵达。根据总体规划，该区域正通过政府售地计划，由市区重建局主导转型升级。 2023年，由鑫丰集团（Kingsford Group）牵头的财团以每平方英尺每容积率（psf ppr）1402元的最高报价成功竞得滨海花园巷（Marina Gardens Lane）地块，计划建设937个住宅单位，将在2025年正式推出，成为滨海南首批亮相的地标性项目。 资料来源：鑫丰集团 紧接着在2024年1月，滨海花园弯（Marina Gardens Crescent）的一块白地地段仅收到国浩房地产（GuocoLand）牵头财团的一项报价，报价为每平方英尺每容积率984元。然而，市区重建局认为该报价未能体现土地应有价值，决定不予接受，并选择暂时保留地块。 这一决定充分彰显了市区重建局在维护国家土地资产价值方面的坚定立场与长远眼光。 结语 随着新加坡持续吸引全球企业与高端人才，滨海南将在未来城市发展的蓝图中扮演至关重要的角色。它不仅是一个现代化、绿色可持续、以人为本的社区，支撑着国家的经济增长，更是一个全新、充满活力的宜居住宅区——一个让新加坡人率先安家的地方。 […]

下文由ERA公关经理岳开新翻译 在2025年财政预算案中，黄循财总理宣布了一系列与住房市场相关的政策。其中一项是：政府将在今年10月首次于快乐山（Mount Pleasant）地区推出预购组屋（BTO）项目。 快乐山位于新加坡中部，其名称源自区内的一座小山丘。该地区因保留了大量殖民时期的“黑白洋房”而闻名，这些洋房曾是已拆除的旧警察学院高级官员的住所。如今，包括警察学院旧址在内的33公顷土地将被重新规划，用于建设新的BTO住宅区。 图一，即将建设快乐山预购组屋项目范围 那么，这个新组屋区能带来哪些期待？ 快乐山组屋区可被视为大巴窑的延伸，因此也将享有与城市边缘地区相似的便利与交通连通性。尽管目前项目周边缺乏生活配套，但其邻近大巴窑、马里士他和汤申等成熟社区，居民可以轻松享用这些区域的完善设施。 由于地理位置接近市中心，并且将直接连接地铁站，该项目预计将被归类为“优选地段”（Plus）或“黄金地段”（Prime）项目，类似近期推出的碧湾（Bayshore）和丹戎禺（Tanjong Rhu）项目。 这意味着项目将受到更严格的转售和出租限制，例如：10年的最低居住年限、转售时的津贴回收机制，以及转售买家的收入上限。 值得一提的是，快乐山距离的大巴窑西部长期以来都是百万组屋交易最活跃的区域之一。而距离该项目最近的现有组屋，就位于靠近加利谷地铁站（Caldecott MRT）的大巴窑西部。 地理优势：学校、设施与交通连通性 学校 对于已有或计划要孩子的家庭来说，快乐山组屋区很可能位于一些热门小学1公里内，当然具体情况仍有待政府最终确认。 目前，英华小学（ACS Primary）就在1公里范围内，但预计将在2030年迁至登加（Tengah）新校址。现有校址未来是否会被保留为教育用途，或改作其他发展用途，还尚未明确。 图二：快乐山组屋项目周边的学校 资料来源：OneMap、市区重建局、ERA研究与市场情报（截至2025年5月8日） 未来转售潜力如何？ 目前该地区尚无组屋项目，但可作参考的最近项目是位于大巴窑西部、大巴窑1巷（Lorong 1 Toa Payoh）一带，且靠近加利谷地铁站。 这里新组屋供应有限。截至今年5月，大巴窑组屋区屋龄少于15年的三房式及以上单位仅有2,727个，供应有限。这种稀缺性已成为推动当地组屋价格持续上涨的主要原因之一。 数据显示，在过去一年内，屋龄不超过15年的四房式组屋平均转售价高达107万元，而五房式组屋更是达到惊人的138万元。 表一：屋龄少于15年的四房及以上组屋的平均转售价 资料来源：市区重建局、ERA研究与市场情报（截至2025年5月7日） 是否意味着成功申请到快乐山预购组屋就如同中大奖呢？恐怕事情并没有那么简单。 从靠近市中心的优越位置，到便利的地铁连接，再到被中央集水区绿意环绕的环境，加上邻近大巴窑西部组屋的强劲价格表现，种种因素的确为该项目的未来转售潜力提供支撑。 但与此同时，若该项目最终归类为“优选”或“黄金地段”，其更严格的转售政策可能在一定程度上抑制投机性需求。 值得注意的是，在即将到来的7月预购组屋中，位于大巴窑的一个项目也可能被归类为“优选地段”，其定价和政策或可为快乐山项目提供参考。 结语 如果你是首次购屋者，快乐山组屋项目是一个值得考虑的选项吗？ 与其他预购组屋不同，它将建于城市边缘一块保留用地上，是全新打造的住宅区。而大多数新项目如登加、碧湾等，位置相对偏远。 此外，项目不仅靠近第10和第11邮区这些高端地段，还直接连接地铁站，交通便利，使其成为吸引力十足的居住地区。对于希望靠近家人（如住在大巴窑、史蒂芬或诺维娜）的购房者而言，这也可能是一个理想的选择。 本文中的信息仅供参考，不构成对信息的准确性、完整性或可靠性的保证。使用者应自行核实相关信息，并根据具体情况向独立的专业人士（如估价师、财务顾问、银行从业人员及律师）寻求专业意见。ERA及其销售人员对于因使用本信息而导致的任何直接或间接损失概不负责。此外，本文件受著作权法保护，ERA拥有其著作权。未经事先书面许可，任何个人或机构不得以任何形式或手段对本文件进行复制、传播或用于商业用途。

Many of us are familiar with the food and beverage industry, but have you ever wondered where your meal was made? You might be surprised to learn that it probably came from a food factory. Food factories have been around for quite some time, primarily engaged in large-scale food production, producing wholesale products like noodles, […]

During Budget 2025, Prime Minister Lawrence Wong made a series of announcements with regards to the housing market. Among them was the official confirmation that we will see the inaugural launch of public housing Build-To-Order (BTO) flats in Mount Pleasant during the October 2025 BTO launch.   Mount Pleasant, located in the central region of Singapore, […]

Economic Overview Singapore’s economy further expanded by 3.8% year-on-year (y-o-y) in 1Q 2025, an increase from the 4.4% growth in 2024. However, on a quarter-on-quarter (q-o-q) basis, Singapore’s Gross Domestic Product (GDP) contracted by 0.8%. Among the sectors, the ‘Information & Communications, Finance & Insurance and Professional Services’ and the ‘Manufacturing’ Sector posted the sharpest […]

ERA, Where Expertise Shapes Trust In Singapore’s highly competitive real estate market, few sectors are as intricate and as unforgiving as landed properties. The rules are different, the risks are higher, and the clients are some of the most discerning. One real estate agent who knows this landscape inside out is Alexs Chua, a seasoned […]

The Landed Price Index rose 0.4% quarter-on-quarter (q-o-q) in 1Q 2025, reversing the 0.1% decrease seen in 4Q 2024. This occurred despite fewer landed homes being transacted in 1Q 2025. Landed Property Price Index and Transactions The Landed Property Price Index remained largely stable in 1Q 2025, reporting a growth of 0.4% q-o-q. However, this […]

ERA, Where Strategy Meets Opportunity For many, real estate is about buying and selling homes. But for Chloe Zhang, it’s about something deeper—bridging cultures, guiding clients through unfamiliar terrain, and helping people from all walks of life, including Chinese nationals and Singapore-based families, find their place in a city they’re proud to call home. Having […]

下文由ERA公关经理岳开新翻译 数据来源为建屋发展局（HDB）与市区重建局（URA）于2025年4月1日发布的季度预估统计。 根据建屋发展局的预估数据显示，今年第一季组屋转售价格指数（RPI）上升至200.9，环比增长1.5%。 这标志着该指数已连续第20个季度增长，涨势有望与ERA此前预测的全年3%至6%增幅相符。 图一：组屋转售价格指数与交易量走势对比 资料来源：建屋局、ERA研究和市场情报（数据截至今年3月27日）   受季节性因素影响 组屋转售交易量下滑 2025年第一季共有6392个组屋单位转售，同比下降7.7%。 交易量减少的主要原因包括季节性淡季影响，以及今年2月推出超过一万个预购组屋（BTO）和剩余组屋（SBF）单位的大型配售活动。在大量新组屋供应下，部分买家可能将注意力从转售市场转向这些新推出的项目。 与2024年第四季相比，2025年首季三房式和四房式组屋交易量有所上升加，而公寓式组屋单位（Executive flat）的交易量则继续下滑。 今年2月，年度首轮预购组屋项目中，亮点包括女皇镇的两个优选地段组屋（Plus Flats）项目，以及位于兀兰和义顺真查鲁（Chencharu）的实惠组屋项目，其中后者是一个综合发展项目，设有巴士转换站和商业设施，进一步提升居住便利性。 相比预购组屋，剩余组屋的等候时间短。其中有四成的剩余组屋单位已完工，买家可在短时间内入住。 其余尚未竣工的SBF单位，也普遍拥有缩短的等待期。对于对入住时间要求不高的买家而言，这类组屋成为转售市场之外的实惠替代选项。 本次推出的剩余组屋还包括位于成熟市镇和市中心的单位，且不受新组屋政策黄金地段组屋模式（Prime Location Public Housing，简称PLH）的限制。结合更短的等待时间，这些单位吸引了大量申请，进一步分流了原本可能进入转售市场的购屋需求。 目前，申请者正等待选房结果。对于未能购得单位的买家，预计他们会在第二季回流转售市场。   2025年满五年居住年限（MOP）的组屋数量减少 今年将有5082个组屋单位达到MOP，比去年减少38.5%，这将使转售市场的价格承压。 在市中心和成熟市镇，这一影响尤为明显。这些地区的新推出的预购组屋受新组屋政策限制，部分买家为此已转向转售市场。 图二：近五年MOP组屋数量 资料来源：建屋局、ERA研究和市场情报（数据截至今年3月27日） 这些买家不愿接受新政策中的转售限制，例如10年MOP、MOP后出租限制、转售时的津贴回扣以及转售组屋购买家庭收入上限等。 由于不受新政策影响的组屋供应减少，使其价格稳步上升，这可能会让预算较紧的买家望而却步。 同时，拥有这些组屋的屋主的持守能力较强，除非有优渥的报价，否则不太可能出售单位。   百万组屋交易量持续增长 首季，百万组屋交易数量从上一季度的285宗上升至295宗，环比增长3.5%；同比增长高达61.2%，当时则成交183宗。 在295宗交易中，约有271宗（占比78%）为四房式和五房式单位。与过去四个季度的平均水平相比增长了5%，显示这两类较大户型单位正在成为百万组屋市场的主要推动力。 图三：各类百万组屋单位的交易量 资料来源：建屋局、ERA研究和市场情报（数据截至今年3月27日） 2025年第一季度，百万组屋交易占所有交易的8.9%，几乎是2024年第四季的两倍，当时为4.6%。 这些组屋交易仍主要集中在成熟市镇，反映出买家对优质地段的持续强劲需求。 除了从私宅市场回流的买家外，越来越多现有组屋住户也愿意支付溢价，购买地段优越、设施完善的较新组屋，尤其是刚满五年MOP、位于中心区域的单位。这类单位不仅地理位置优越且交通便利，还邻近各类生活设施与热门学校，成为购屋者的理想选择。 随着今年MOP组屋数量的减少，市场对这类单位的需求将继续支撑其价格上扬。 资料来源：建屋局、ERA研究和市场情报（数据截至今年3月27日） 尽管高价交易有所增长，大多数转售组屋的价格仍维持在大众可负担的价格区间内。今年第一季，约有53%的转售交易价格介于50万至75万元之间，为大部分购屋者所能接受；另有24%的交易价格介于25万至50万元之间。 这意味着大约四分之三仍在合理、可负担的范围内，为首次购屋者与预算有限的家庭提供选择。   全年展望与预测 随着第一季预购组屋和剩余组屋单位配售结果公布，未成功购得单位的申请者预料将转向转售市场，推动2025年第二季度的交易活动回升。 不过，MOP组屋供应量的下降将减少转售市场的“优质货源”，也意味着全年交易量可能会趋缓，价格则维持温和增长。 预计今年全年组屋转售价格将增长3%至6%，交易量介于2万6000个至2万7000个单位。   本文中的信息仅供参考，不构成对信息的准确性、完整性或可靠性的保证。使用者应自行核实相关信息，并根据具体情况向独立的专业人士（如估价师、财务顾问、银行从业人员及律师）寻求专业意见。ERA及其销售人员对于因使用本信息而导致的任何直接或间接损失概不负责。此外，本文件受著作权法保护，ERA拥有其著作权。未经事先书面许可，任何个人或机构不得以任何形式或手段对本文件进行复制、传播或用于商业用途。

下文由ERA公关经理岳开新翻译 今年3月发展商共售出729个新私宅单位（不包括执行共管公寓，简称ECs ），环比下降54.4%，这主要因2月超高的新私宅销售基数。同时，小型项目的推迟也对3月销量下降产生影响。尽管如此，新私宅整体销量仍保持稳定。 本月共推出555个新私宅单位（不包括ECs），主要为一些中小型项目，如Lentor Central Residences（477个单位）和Aurea的首期（78个单位）。相比之下，2月则推出了近1700个单位，包括混合用途霸级项目PARKTOWN Residence（1193个单位）和逸泰·雅居（ELTA）（501个单位）。 2025年首度，新私宅销量达3409个单位（不包括ECs），发展商仅在前三个月就已超过去年总销量的一半，去年销量为6626个单位。 Lentor Central Residences（477个单位）是伦多山（Lentor Hills）私宅区的第六个项目，Aurea（188个单位）则是位于黄金坊（Golden Mile Complex）旧址的CCR项目，3月新私宅销售主要来自于这两个项目。其中，前者在3月售出其总单位数的96.4%或460个单位，后者则售出了已推出78个单位中的30.8%或24个单位。 表现最佳的新项目 尽管是伦多私宅区的第六个项目，Lentor Central Residences几乎售罄 尽管Lentor Central Residences是这个区的第六个私宅项目，但推出的首个周末就卖出96.2%的单位。项目强劲需求主要由于具有竞争力的定价及优越的地理位置。 此外，与近期其他位于OCR的新盘相比，Lentor Central Residences有性价比优势。2025年首度OCR新项目的中位尺价为2288元，而Lentor Central Residences 的中位数尺价则为2213元。 同时，项目的一卧房和三卧房单位已全部售罄，中位数价格分别为109万元和221万元，这在组屋升级者和“以小换大”购房者的预算区间。 伦多山私宅区的发展仍将继续，近期招标的伦多花园（Lentor Gardens）地段预计将是下一个受瞩目的项目。本月初，中国开发商鑫丰地产旗下的Kingsford Huray以最高标价标得，预计将于2026年中左右推出市场。 第七邮区唯一新盘Aurea表现不俗 位于黄金坊旧址的Aurea，在推出第一个周末售出30.8%的单位。发展商共推出78个单位，售出其中的24个，这得益于项目宽敞的户型设计及可俯瞰加冷盆地（Kallang Basin）与滨海湾的迷人景观。 考虑到Aurea的高端定位，3月的销售表现可圈可点。项目预计吸引投资者和年轻夫妇的兴趣，首周所售单位中，近一半（45.8%）为两房单位，共售出11个，两房单位中位数价格为190万元。 受首次购屋者（first-timer）青睐，晶莹轩（Aurelle of Tampines）推出即卖出89.7%的单位 在晶莹轩的带动下，3月EC销量环比大幅增长至781个单位。其中，晶莹轩推出的760个单位中，售出92.8%；项目所有四卧房和五卧房单位已售罄。多数买家为首次购屋者。 由于EC项目的价格比私宅低，依旧具有市场吸引力和性价比。此外，晶莹轩邻近淡滨尼北综合交通枢纽（Tampines North Integrated Transport Hub ），更吸引注重交通便利的买家，因此其强劲表现在预期之中。 接下来的EC项目包括年中推出位于登加区田园弄（Plantation Close）的Otto Place以及位于惹兰罗央勿刹（Jalan Loyang Besar）的项目。 买家背景 受额外买家印花税（ABSD）影响，外国买家的需求继续平平。3月，外国买家共完成了10笔交易，仅占本月总交易的1.4%。永久居民买家在当月完成了66笔交易（不包括EC），占9.2%。 新加坡人在仍是购买主力，共有645笔交易，占本月新私宅销售的89.5%（不包括EC）。 豪宅交易量下滑 豪华私宅交易下滑，共有12宗成交价在500万元及以上的交易。其中7宗交易来自新加坡永久居民，新加坡公民和外国买家分别占四宗和一宗。 成交价前三位的均由永久居民完成，分别为位于纽顿区32 […]

In total, developer sales accounted for 729 new private homes (excluding ECs) sold in March. While this figure reflects a 54.4% month-on-month (m-o-m) decrease, this is mostly attributable to February’s exceptionally large base. Likewise, smaller development sizes also contributed to March’s lower, but healthy new home sales volume. A total of 555 new private homes […]

ERA, Where Strategy Meets Opportunity When Melina Yap’s clients first came to her, they had one goal—sell their home at Esparina Residences and upgrade. But by the time they were done, they hadn’t just sold their home at a record price—they had also secured a rental at One Holland Village and purchased two brand-new units […]

下文由ERA公关经理岳开新翻译 尽管全球局势动荡，但新加坡经济稳定确保本地住宅市场有足够韧性来应对挑战。 2025年4月2日，美国总统特朗普在美国解放日（Liberation Day）发布了一项超出预期的关税政策，震惊全球市场。根据这一政策，除了对所有进口商品征收10%的统一基准关税外，部分国家将面临更高的关税。 美国此举的动机明确：通过调整价格竞争力，推动国内外商品之间的公平竞争，从而吸引制造业回流美国，并提振国内消费。自2001年以来，美国制造业在全球产出的占比已从28.4%下降至2023年的17.4%，而2024年，美国商品贸易逆差已达到1.2万亿美元。 在受影响的国家中，中国是这场贸易战加剧的主要目标，除了此前已施加的20%关税外，还需再承受34%的额外关税。同时，一些东南亚国家也受到重创。例如，柬埔寨（49%）、老挝（48%）和越南（46%）是受新关税影响最为严重的市场之一。尽管新加坡不在高关税国家名单中，但我们的对美出口同样会受到10%基准关税的影响。 全球股市暴跌，美国经济可能因通货膨胀和他国报复性关税而受创 新关税政策实施后的第一个交易日，投资者的恐慌情绪引发了全球股市的暴跌，并激发了市场对经济衰退的担忧。 美国这一强硬举措迅速引发了贸易伙伴的报复性关税对策。例如，中国几乎在第一时间对所有美国进口商品加征了34%的关税。 与此同时，美国国内进口成本的上升可能加剧通货膨胀，进一步加重消费者和企业的负担。全球范围内，这可能导致贸易需求放缓，从而拖累整体经济增长。 市场的担忧会影响新加坡住宅市场吗？ 在这一轮新关税中，美国对新加坡进口商品设定了10%的关税，低于其他亚太国家。此外，新加坡决定不采取报复性关税，以避免贸易战升级。尽管新关税政策带来的不确定性会对全球经济增长产生压力，而新加坡作为一个高度依赖贸易的国家，难免会受到一定影响。 但从另一个角度看，本地的房产投机可能会减少，购房者将更多地倾向于刚需和长期计划。 短期内，尽管全球经济不确定依旧存在，且贸易战升级的风险可能会抑制住宅市场的需求，但从中长期的展望来看，ERA仍保持谨慎乐观的态度。ERA认为，新加坡住宅市场本身并不具投机性，坚实的经济基本面将为中长期投资者提供稳定的增长机会。 高通胀和经济增长放缓，或使美联储最多实施四次降息 根据芝加哥商品交易所集团（CME）的调查，分析师认为美联储可能在今年实施最多四次降息，主要由于贸易关税引发的更高通货膨胀和经济增长放缓。如果这一预期成真，联邦基金利率可能会降至3.25%至3.50%之间。这将有助于进一步缓解房贷利率，减轻购房者的房贷负担。 需求放缓及进口成本下降有望使建筑成本上涨趋于缓和 如果中国决定将其过剩产能转向其他国家，并以更低的价格进行出口，可能会导致亚太地区面临通缩压力。具体到建筑行业，由于中国房地产市场的放缓，国内需求减弱，钢筋价格已有所下滑。此外，美国对钢材进口加征25%关税，进一步打击了钢材需求，尤其是削弱了中国钢铁的出口。 在这样的背景下，亚太地区可能面临廉价钢材大量涌入的风险，这将有助于降低建筑材料成本。然而，建筑材料成本的下降是否能够有效缓解房价压力仍需观察。即使未来建筑成本下降，对房价的影响可能有限，因为新加坡的房价受多种因素影响，包括土地成本、劳动力成本等。 新加坡作为避风港，预计将持续吸引外国投资，这有助于保障就业并支撑住房需求。 新贸易关税的实施预计将有效遏制企业的“中国加一”（China Plus One）策略，该策略旨在降低对中国制造的依赖，并减轻贸易战带来的影响。受新政策影响，区域内许多低成本制造业可能因更高的贸易关税面临挑战。 然而，新加坡与美国始终保持着平衡互利的合作关系。2024年，美国对新加坡的货物贸易顺差达到了28亿美元，这进一步巩固了新加坡作为美国可信赖贸易伙伴的地位，可能使新加坡免于面临更苛刻的关税政策。 在当前形势下，寻求避风港与增长机会的区域投资者预计将继续被新加坡稳定的社会环境以及透明、开放的经济政策所吸引。这将推动外国直接投资（FDI）的持续流入，促进整体经济发展，并创造更多就业机会，进一步支撑住宅与商业地产的需求。同时，新加坡作为国际金融中心的地位以及健全的法律体系，在全球经济不确定性加剧的背景下，更加巩固了其作为投资首选地的吸引力。 新加坡多元化的经济结构和广泛的多边贸易伙伴关系有助于缓解经济冲击 新加坡多元化的经济结构和广泛的贸易伙伴网络将有效减轻个别国家贸易关税的影响。截至目前，新加坡已签署27项自由贸易协定，并将继续推动并维护与志同道合国家之间的开放、公平和自由贸易关系。 住宅市场的降温措施为应对外部冲击提供了灵活应对空间 自2010年至2024年，新加坡政府共推出了13轮降温措施，以稳定住宅市场并确保价格的可持续增长。 这些措施包括在2023年4月实施的60%的额外买家印花税（ABSD），旨在打击外国买家的投机性投资。此外，政府对购买二套房的买家征收较高的ABSD，以抑制房产的过度积累，帮助平抑房价增长，维护市场稳定。 总结 综上所述，尽管面临全球经济挑战，ERA依然对新加坡住宅市场在中长期保持积极展望。 新加坡政府已经为此奠定了坚实的基础，包括签署广泛的自由贸易协定、发展先进的基础设施以及培养高素质劳动力。这些努力为新加坡吸引持续的外国投资创造了有利条件，而外国投资是推动新加坡长期经济增长的关键驱动力，并为本地创造了大量就业机会。 住房方面，政府采取务实的措施，既能有效跟上需求增长，又能避免过度投机性资产积累。政府始终将保障住房可负担性作为核心目标，并通过可持续的价格增长实现这一目标。此外，政府实施的多轮降温措施为应对外部经济冲击提供了充足的空间，能够迅速作出反应。 总之，新加坡房地产市场建立在韧性、远见和审慎治理的基础上。ERA相信，在持续的政策支持和强劲的需求推动下，新加坡的住宅市场将继续展现增长潜力和长期价值，为购房者提供机会，也为投资者创造回报。   本文件中的信息仅供参考，不构成对信息的准确性、完整性或可靠性的保证。使用者应自行核实相关信息，并根据具体情况向独立的专业人士（如估价师、财务顾问、银行从业人员及律师）寻求专业意见。ERA及其销售人员对于因使用本信息而导致的任何直接或间接损失概不负责。此外，本文件受著作权法保护，ERA拥有其著作权。未经事先书面许可，任何个人或机构不得以任何形式或手段对本文件进行复制、传播或用于商业用途。

This article was written in conjunction with Eugene Lim, Key Executive Officer and Wong Shanting, Head of Research and Market Intelligence of ERA Singapore The article first appeared in The Business Times BT Property Week section on 9 April 2025.   In recent years, the practice of clustering new home launches within the same neighbourhoods […]

The world may be “shook”, but the firm economic fundamentals ensure that the Singapore’s residential market is well-positioned to weather the storm. On Liberation Day, 2 April 2025, President Donald Trump shook the world by unveiling a higher-than-expected Reciprocal Tariff Policy. In addition to a sweeping 10% baseline trade tariff on all imports, selected countries […]

下文由ERA公关经理岳开新翻译 数据基于市区重建局（URA）于2025年4月1日发布的季度预估统计。 2025年第一季整体私宅价格指数环比上涨0.6%，涨幅温和；而私宅交易量则环比下滑了15.3%。 经济利好推动购房回暖 受益于多项经济利好指标及利率走势稳定，买家重返新私宅市场，带动整体市场活跃度上升。 整体来看，新加坡去年的经济表现优于预期。根据贸工部数据，2024年新加坡经济增长达4.4%，远高于2023年1.8%的增幅。不过，持续加剧的贸易紧张局势，让市场仍持审慎乐观态度。 新加坡房地产市场仍主要由本地需求支撑。稳定的就业环境、收入增长以及低失业率，使得更多国人有能力负担私宅。此外，政府组屋转售价格的上涨，也持续推动国人产业升级。 此外，继美国联邦储备局（FED）于去年9月、11月及12月连续三次降息后，利率在去年下半年开始趋缓。美联储的目标利率区间因此下调至4.25%至4.50%，借贷成本降低也提升了消费者信心。 本地方面，核心通胀率也有所缓解，去年平均为2.7%，大幅低于前年的4.2%。 尽管当前经济环境让市场回暖，但在地缘政治不确定因素影响下，部分买家仍可能保持审慎乐观态度。新加坡作为亚太地区的重要枢纽，即便全球贸易紧张局势升级，或面临经济放缓的风险，其战略地理位置和中立立场有望继续吸引海外投资者关注。 整体私宅价格与交易情况 根据市建局发布的第一季最新预估数据，整体私宅价格在本季度呈温和上升趋势，这主要因年初新私宅销售强劲。整体私宅价格指数环比上涨0.6%，延续了去年第四季环比涨幅2.3%的上行势头。 不过，受转售市场交易量减少的影响，整体宅交易量有所下滑。截至3月中旬，今年第一季私宅总交易量为6299个单位，较去年第四季的7433个单位减少了15.3%。 各地区中，根据数据显示，其他中央区（RCR）的非有地私宅价格指数涨幅最为显著，环比增长1.0%。核心中央区（CCR）和中央区以外（OCR）的非有地私宅价格指数则分别环比上扬0.6%和0.3%。价格上涨主要由近期各地区更高的新私宅价格带动。 非有地新私宅销售（不包括执行共管公寓）情况 今年第一季，私宅市场延续了前一季度的良好势头，销售依旧强劲。根据截至3月26日的买卖禁令（caveats），本季度新私宅成交量为3268个单位，环比小幅下滑3.1%，这主要是由于去年第四季基数较高。 尽管略有回落，但第一季的新私宅销量依然高于2021年第四季至2024年第三季的新私宅季度销量。这主要得益于若干“明星项目” 推出，这些项目位于长期缺乏非有地新私宅供应的区域，或是位于设施完善、交通便利的成熟市镇。 其中，今年1月推出的艺景峰（The Orie），是大巴窑自2015年以来的首个新盘。开盘首个周末便售出668个单位（占总单数的75%）的亮眼销售成绩。项目的成交中位数尺价达到每平方英尺2704元，创下RCR的价格新基准。 2月在淡滨尼推出了综合型霸级项目Parktown Residences，共计1193个单位，开盘第一个周末热卖1041个单位（占总单数的87%）。同时开盘的位于金文泰1道（Clementi Ave 1）的新项目逸泰·雅居（ELTA），也在首个周末售出501个单位中的326个（占总单数的65%）。 上月开盘的99年地契伦多新私宅Lentor Central Residences亦表现不俗。尽管是这个区域的第六个新项目，但购买热情依然高涨，开盘即售出445个单位（占总单数的93%）。 近期新私宅的热销也带动了之前已开盘的新项目。未能购得心仪单位的买家开始转向价格相近的项目，其中，松岩轩（Pinetree Hill）、Hillock Green及水岸华庭（SORA）的销量均有所增加。此外，位于市中心为数不多的现有新盘之一的 柏南华庭（One Bernam），也在本季度全部售罄。 执行共管公寓（EC） 今年首季仅有一个EC项目晶莹轩（Aurelle of Tampines）在3月推出，开盘当天即售出760个单位中的九成，平均成交价格为每平方英尺1766元。根据买卖禁令，发展商在今年首季共售出817个EC单位，环比增长54.7%。值得注意的是，晶莹轩距离综合型开发项目Parktown Residences仅约200米，为买家提供了另一种选择。 目前，市场新EC库存有限。截至3月26日，全岛范围内仅剩不到130个可售单位，分布在五个项目之中。虽然今年仍有两个EC项目计划推出，分别是位于登加区田园弄（Plantation Close）项目Otto Place以及位于惹兰罗央勿刹（Jalan Loyang Besar）的项目，但这些供应或许仍难以满足市场需求。 非有地私宅转售与楼花转售（Subsale）（不包括 EC） 根据截至3月26日的市建局买卖禁令，今年第一季度，转售交易占所有非有地私宅销量（不包括EC）的39.8%，首季共成交2294个单位。相比去年第四季3173个单位的成交量，本季度环比下降了27.7%。而上一季度转售交易较去年第三季也环比下降了4.9%。 连续两季交易量下滑，可能因新私宅的热卖，以及私宅竣工数量的减少。根据市建局全年预估数据，2025年私宅（不包括EC）的竣工数为5846个单位，显著低于2024年的8460个单位。 从另一方面看，新竣工私宅供应的相对稀缺可能会推高转售私宅的价格。因此，转售价格出现上升，这与今年首季度中位数单位价格环比上涨2.7%相吻合。 楼花转售交易本季度占所有非有地私宅销售（不包括 EC）的3.5%，根据买卖禁令数据，共有199个交易。较去年第四季的302个环比下降34.1%。 楼花转售的中位数尺价则小幅上涨0.4%，达每平方英尺2064元。 上述原因可能也因受新私宅热销以及转售供应减少的影响。 市场展望 接下来，预计将有多个位于CCR及RCR的项目推出，包括滨海花园一号（One Marina Gardens）、Bloomsbury Residences以及位于乌节林荫道（Orchard […]

下文由ERA公关经理岳开新翻译 拥有一套公寓是许多本地人的追求，购房者被其良好设施、现代化便利以及黄金地段所吸引。尽管购房成本不菲，但其潜在的回报通常能证明其物有所值。 2024年，私宅价格指数持续稳步上升，全年同比增长3.9%。一方面，这意味着购房者的入场成本更高，但同时也表明市场依然活跃，未来的投资回报前景乐观。 为了验证这一趋势，并考虑到 卖方印花税（SSD） 的影响，我们筛选出了 2024 年盈利交易量最高的公寓项目，这些项目的持有期均不超过 四年。 以下是去年各个地区利润最高的公寓数据。 核心中央区（CCR）利润最高的项目 #1：纽顿铜源 CCR中排名第一的是纽顿铜源，这座豪华公寓位于第9邮区，去年共有 16 笔盈利交易。由于该项目 2023 年刚获得临时入伙准证（TOP），在转售市场上更具吸引力，特别受到 偏好全新即刻入住 的买家青睐。 这一趋势也在数据中得到验证：16 笔盈利交易中，有 10 笔为楼花交易（sub-sale），表明买家愿意支付额外溢价，以换取即刻入住的便利。 #2：绿墩雅苑 紧随其后的是绿墩雅苑，共 13 笔盈利交易。这些交易全部为楼花交易（sub-sale），因为项目已于 2023年第四季获得TOP。 项目的亮点不仅仅是交易量，其中 一个四卧房单位（带私人电梯，1496 平方英尺）更是 创下了 CCR 最高盈利纪录，利润达 115 万元。 此外，绿墩雅苑的 最低盈利单位利润（9万2000 元） 也高于其他项目。这可能因项目的位置位于绿墩岭（Leedon Heights）高端住宅区，并且属于永久地契。 #3: The M 排名第三的是The M，这个99年地契的高端综合开发项目位于密陀路（Middle Road），去年共录得 10 笔盈利交易。 The M 的价格增长主要因其优越的地理位置和便利性，项目坐落在第7邮区，靠近武吉士（东西线、滨海市区线）、政府大厦（南北线、东西线）和滨海中心（环线）三大核心地铁站。 此外，The M 还受益于政府推动武吉士地区转型的政策，使其成为中央商务区延伸区的一部分，这进一步提升了项目的吸引力。 […]

Figures are based off the official flash estimates for URA quarterly statistics, released on 1 April 2025. SINGAPORE, 01 April 2025 – As reflected in the latest flash estimates released by URA, the All-Residential Property Price Index exhibited a modest increase of 0.6% quarter-on-quarter (q-o-q) in 1Q 2025, while the total transaction volume of private […]

Figures are based off the official flash estimates for HDB/URA quarterly statistics, released on 25 April 2025. According to the Housing and Development Board (HDB)’s quarterly report, the HDB RPI rose to 201.0, a 1.6% increase quarter-on-quarter (q-o-q) in 1Q 2025. This is the 23rd consecutive quarter of growth of the RPI, and is lower […]

Owning a condo in Singapore is often aspirational, with many homebuyers drawn to the unbeatable mix of ample facilities, modern amenities and prime locations that such dwellings offer. These perks come at a cost, but the potential rewards do justify the investment. In 2024, the private residential price index continued its steady climb, maintaining the […]

HDB has launched the tender for the Government Land Sale (GLS) parcel at Senja Close, for an executive condominium (EC). The tender for sale will close at 12 noon on 5 August 2025. Site Details Table 1: Details of Senja Close EC GLS Site Map of the Senja Close EC site Locational Attributes The Senja […]

Since the end of 2023, signs of a bottoming out begun to emerge in Singapore’s private residential rental market, with rents softening throughout 2024. Though the All-Private Residential property rental index saw a slight recovery of 0.8% quarter-on-quarter (q-o-q) in 3Q 2024, it had inched down 1.9% in the first nine months of the year. […]

下文由ERA公关经理岳开新翻译 随着中央区以外（OCR）和其他中央区（RCR）私宅的需求和价格上涨，让曾经房价看起来“遥不可及”的核心中央区（CCR）私宅开始变得具有吸引力，并逐渐进入买家的视野。 新加坡的住房市场分为三个主要区域： OCR：涵盖卫星镇，是大多数新加坡人的成长环境 RCR：位于城市边缘，许多新加坡人希望升级至此 CCR：传统上被视为新加坡富裕和精英群体的居住地 但如果我告诉你，如今在CCR置业已经并不像你想象的那样遥不可及了，你会感兴趣吗？ CCR的组成 CCR 一直以来被认为是新加坡最富裕和最具声望人士的居住地，其范围涵盖以下邮区： 第 9 区（乌节路、里峇峇利） 第 10 区（武吉知马、荷兰路、东陵） 第 11 区（诺维娜、纽顿） 此外，部分第 1、2、4、6 和 7 邮区的区域也属于 CCR，这些地区包括中央商务区（CBD）、武吉士、丹戎巴葛、港湾区和圣淘沙。其中，部分地段归属 CCR，而另一些则划入RCR。 纳新路（Nassim Road）、经禧（Cairnhill）、雅茂园（Ardmore Park）等地址均位于 CCR，进一步加深了CCR 仅限富人居住的印象。 这一说法对于优质洋房和有地住宅确实成立，但CCR 也不乏价格相对亲民的私宅，甚至可以说，其中一些还有“捡漏”的可能！ CCR 与其他区域的房价差距正在缩小 在土地资源稀缺的新加坡，房产已成为最具投资价值的资产之一，甚至被视为几乎稳赚不赔的财富增长方式。多年来，新加坡各个区域都经历了快速发展，私宅在岛内各地不断涌现。 近些年来，土地价格和建筑成本上涨等因素推动了新私宅价格不断上扬。这一表现在RCR和OCR更为明显。由于可开发土地较多，发展潜力更大，发展商纷纷进驻这些区域破土动工，带动了房价上涨。 与此同时，发展商在新住宅区的开发热潮，进一步推高了需求，从而拉高了市区以外的房价，也使其与CCR的房价差距逐步缩小。 房价指数直观体现出本地房价近些年的增长。自2015年以来，OCR 和 RCR 非有地私宅的 PPI 大幅上涨，截至2025年2月分别达到257.3和223.5，各增长了108.7%和81.4%。相比之下，CCR的价格增长相对温和，增长了35.8%，指数值达到154.8。 这种价格差距在99 年地契非有地私宅的中位数尺价也有所体现，也表明了CCR 与其他区域的房价差距正在缩小。 多年前，CCR 的房价一直在全岛独领风骚，是唯一中位数尺价超过 2000元的地区。然而，在过去10年中，情况发生了变化。我们观察到RCR 和 OCR 房价持续上涨，而 CCR增长趋势则放缓。 其实，自 […]

ERA, Where Careers Come Full Circle For many, an internship is just a learning experience. But for Pamela Chin, her time at ERA’s Project Marketing Department in 2019 wasn’t just about exposure—it was the start of a career that would come full circle.  Today, Pamela is a thriving real estate agent at ERA, proving that […]

今年2月本地新私宅共售出1575个单位（不包括执行共管公寓），环比增长45.4%。延续了今年的良好开局，上月成交量达1083个单位。 大型项目Parktown Residence和 逸泰·雅居（ELTA）的畅销是当月销量增长的主要原因。前者是位于淡滨尼的大型综合开发项目，售出1193个单位中的1041个或87.3%；后者位于金文泰，售出501个单位中的326个或65.1%。 今年首两个月，新私宅共售出2658个单位，占去年全年总销量6469个单位的四成。 同比来看，2月销量暴增929%。除受大型项目推动外，去年2月市场无新项目推出导致的低基数也是另一个因素。 综合大型项目 Parktown Residences 开盘表亮眼 Parktown Residence作为综合住宅与生活项目，吸引了诸多淡滨尼的组屋升级者。项目直接连接未来的淡滨尼北地铁站和巴士转换站、商场、民众俱乐部以及小贩中心等生活公共设施。此外， Parktown Residences也为住户提供完善的公寓设施，使其成为组屋升级者的理想选择。 开盘当周，项目的两卧房和三卧房单位已全部售罄，中位数价格分别为166万元和243万元，这也是组屋升级者价格可以承受的的理想范围。 该地区中，2024年和2025年约有2500多个组屋满五年居住年限（Minimum Occupation Period，简称MOP）而具有转售资格。 逸泰·雅居热销三分之二 逸泰·雅居是2月另一个受到市场欢迎的新盘，价格优势是其收到市场追捧的重要原因。其中，两卧房单位最受买家青睐，共售出179个单位，占两卧房总单位数的98%，中位数成交价为171万元。 一卧房单位也得到投资者认可，约78%的一卧房已售出，起价116万元。该区域有多所高等学府，吸引了大量国际学生，租赁需求持续旺盛。 松岩轩与宁芳苑为中央区以外买家提供选择 本月销量排名第三和第四的私宅是松岩轩与宁芳苑均，两个邻近项目均位于第21邮。两者涵盖多类户型，从两卧房到四卧房和五卧房单位，可满足不同需求的买家。 此外，两者的中位数交易尺价分别为2613元和2574元，均低于 2618元的中央区以外私宅中位数尺价。 近期，中央区以外的热门项目，如艺景峰（The Orie）和 嘉乐轩（Emerald of Katong），已刷新创新高。相比之下，松岩轩与宁芳苑的价格更具竞争力，被市场视为高性价比选择。 EC市场需求平稳，新项目于 3 月登场 2 月EC 共有 29个单位成交，较上月略有增长，由于无新 EC 项目推出，整体需求相对平稳。2月 EC 的中位数成交尺价为 1616 元，其中约 六成 交易来自近期推出的翠怡园（Novo Place）。 截至 今 年 3 月 17 日，市场上仅剩 119 个 […]

Singapore’s housing market is divided into three distinct market segments – the Outside Central Region (OCR) with its satellite towns, where most of us grew up in, the Rest of Central Region (RCR) consisting of city fringe towns, where most Singaporeans aspire to upgrade to, and the Core Central Region (CCR) which is traditionally perceived […]

ERA, Where Expertise is Built At ERA, agents are empowered to carve out their own niche, backed by a robust network, training, and resources. Specialization is key in this competitive industry, and for Timothy Choo, that specialization is shophouses—heritage-rich properties that blend history, character, and investment potential. As part of ERA’s commitment to agent development, […]

Government Land Sale Site Analysis – Bayshore Road  URA has launched the tender for the Government Land Sale (GLS) parcel at Bayshore Road. The tender for sale closed at 12 noon on 18 March 2025.   Site Details  Table 1: Details of Bayshore GLS Site Source: URA   Map of Bayshore Road Source: URA, ERA […]

In the month of February 2025, we witnessed 1,575 private new homes (excluding EC) sold in the month, this was a 45.4% increase month-on-month (m-o-m) following a promising opening to the year in January, which saw 1,083 private new homes transactions. This is a stark 929% increase year-on-year, particularly due to the low base witnessed […]

Here’s your chance to snap up a flat in popular locations such as Toa Payoh, Bukit Merah, and more! Just last month, on 17 February, HDB wrapped up its very first Build-to-Order (BTO) exercise of the year. However, compared to the preceding exercise in October 2024, February 2025’s launch received fewer-than-expected responses, largely due to it […]

ERA, Where Every Journey Finds Its Own Path Matthew Tan’s journey to success didn’t begin in a lecture hall — it began with uncertainty, trial, and a relentless drive to prove himself. Dropping out of school might have seemed like a setback, but for Matthew, it was the turning point that led him to one […]

Previously, we touched on how the extension of the Central Business District Incentive (CBDI) and Strategic Development Incentive (SDI) schemes matter in the CBD’s revival, serving as catalysts for the redevelopment of older buildings in the city. In much the same way, we believe that Marina South – the extension to Singapore’s CBD – will […]

What is one-north and why it was planned Since the 1990s, Singapore’s economic growth was shifted towards high value chain industries that rely on a high-skilled workforce. Structural reforms were made to promote innovation, enterprise and entrepreneurship. The Biomedical as well as Information and Communications Technology (ICT) industries were among the new key economic drivers […]

2024 saw a rebound in landed home transactions amid more moderate price growth. The rebound in interest was largely driven by rising non-landed home prices, enabling homeowners to sell their properties at higher prices and reduce the capital outlay needed to transition to landed homes. Landed Property Price Index and Transactions The Landed Property Price […]

在新楼盘艺景峰（The Orie）和Bagnall Haus等项目的推动下，今年伊始本地新私宅延续热销，共售出1083个私宅单位（不包括执行共管公寓，EC），环比增长超四倍. 同比方面，一月新私宅增长256%。值得一提的是，去年同期有更多新楼盘推出，除The Arcady at Boon Keng和顶林佳苑（Hillhaven）两个私宅项目外，还推出了一个EC项目昱丰嘉园（Lumina Grand）。 一月热销新私宅中，除上述两个新楼盘外，位于丹戎巴葛的柏南华庭（One Bernam）也表现亮眼。因其价格降至接近2021年的开盘价，吸引多个买家在春节前的最后一周入场。 图表一：今年一月销量前五的新私宅项目（不包括EC） 资料来源：市区重建局、ERA研究与市场情报 艺景峰是自2016年以来在大巴窑推出的首个项目，本月售出680个单位，占其总单位的87.5%，中位数尺价为每平方英尺2731元，部分高层的一卧房和两卧房单位甚至突破了每平方英尺3000元。大多数买家是新加坡本地人，他们中有些在附近长大，倾向继续住在这个市镇。由于大巴窑地区的市场需求高加上供应有限，艺景峰的热销在意料之中。 位居次席的为柏南华庭。共售出99个单位，中位数尺价为2521新元，低于2021年5月项目首次推出时的每平方英尺2650元。随着其他地区私宅的快速增长，买家可能意识到柏南华庭的价值已被低估。作为核心中央区项目，它的价格显得比其他中央区的新项目更为实惠，后者的中位价格已达每平方英尺2725新元。整体看来，随着两个区域尺价的进一步缩小，核心中央区的项目具有吸引力。 位于第16邮区的Bagnall Haus是一个小型永久地契项目。它在推出首月共售出113个单位中的75个，中位数尺价为2494元。项目不仅填补了东海岸地区15年来的供应缺口，靠近地铁站也是是买家青睐的主要因素。此外，项目两卧房和三卧房单位的价格介于200万元至250万元之间，也在多数买家负担范围内。 Hillock Green延续了去年12月的良好趋势，单月售出21个单位，中位数尺价为2253元。因价格实惠并适合家庭居住，这个项目在去年一直畅销。随着伦多区（Lentor）新私宅供应的减少，新项目的推出为市场带来更多选择。 150万元至250万元的私宅最受市场欢迎 值得一提的是，超过57%售出的新私宅价格在150万元至250万元的区间。 细分来看，约21%的售价介于150万元至200万元，其中主要是两卧房；其余36%售价介于200万元至250万元的单位则主要是三居室。 去年新私宅的销售表明， 房价可负担性仍是买家的首要考虑。为此，他们愿意等到价格达到预期时才出手。随着利率长期保持高位，加上地缘政治问题，预计这一趋势可能会在今年持续。 执行共管公寓销量减少 执行共管公寓在1月仅售出21个单位，环比和同比分别下降87.4%和92.1%。因最近推出的项目翠怡园（Novo Place）在去年底已卖出88%的单位，市场中的库存有限。本月执行共管公寓销售中，除翠怡园外，昱丰嘉园和North Gaia也有多个单位成交。 外国买家仅有13笔交易 图表一：非有地私宅买家背景概况 资料来源：市区重建局、ERA研究与市场情报 受额外买家印花税（ABSD）影响，外国买家的需求继续低迷。今年1月，外国买家共完成了13笔交易，仅占本月总交易的1.2%。永久居民买家在当月完成了92笔交易（不包括EC），占8.5%。 新加坡人在仍是购买主力，共有972笔交易，占本月新私宅销售的90.3%（不包括EC）。这一比例与过去12个月的平均水平87.3%接近。 豪华私宅销售情况（500万元及以上） 有趣的是，今年1月豪华私宅市场出现了两笔引人注目的交易，交易额超过1500万元。两笔交易均在位于乌节林荫道（Orchard Boulevard）的永久地契项目柏皓（Park Nova）。 根据市区重建局的数据，其中一笔交易为一个四卧房单位，面积为2906平方英尺，成交价达1660万元或尺价5708元。另一笔是顶楼单位，面积为5898平方英尺，成交价高达3890万元或尺价6593元。 这两笔交易的买家均为非新加坡人，四卧房单位由一名外国人购买，而顶层单位则由一名永久居民购得。若按额外买家印花税推算，即外国人为60%，永久居民为5%（首次购房），两位买家分别支付了约995万元和194万元的税款。 图表二：500万元及以上豪宅买家背景概况 资料来源：市区重建局、ERA研究与市场情报 未来几个月私宅市场展望 尽管近期利率下调和经济前景改善为市场注入活力，但由于利率可能长期保持高位、特朗普总统任期的不确定性以及持续的贸易紧张局势，都可能影响新加坡的经济发展并给房地产市场带来挑战。 总体来看，ERA产业对2025年新加坡私宅市场持谨慎乐观态度。在强劲的宏观经济支持下，新加坡有望巩固其“安全港”的地位。这可能会增强买家信心，并在全球经济面临挑战的情况下，提振市场的新私宅需求。 今年首季，将有更多备受期待的项目推出，如逸泰• 雅居（ELTA）、Parktown Residences和Lentor Central Residences，这些项目有望推动市场延续热卖势头。 同样，2025年即将推出的三个EC项目也应受到追捧，其中两个在东部，分别是晶莹轩（Aurelle of Tampines），另一个位于惹兰罗央勿刹（Jalan Loyang Besar）地区。第三个则在西部的田园弄（Plantation Close）附近。 […]

Are Executive Condominiums (ECs) still an affordable option for home buyers today? They may not be since as explained in our last EC article,  buyers are constrained by the amount of loan which they can take up for their EC purchase. This is largely due to the income cap, stringent Mortgage Servicing Ratio (MSR) and […]

While it won’t happen overnight, Lentor will eventually shed its image as a quiet district in northeastern Singapore. Recent years have seen the release of multiple Government Land Sales (GLS) sites, which have drawn in developers. Between 2022 to 2024, at least five new residential projects were launched in Lentor, representing some 2,400 new private […]

ERA, Where Strategy Meets Success As an engineer, Donavan Tan was trained to solve complex problems—breaking down challenges, running the numbers, and figuring out the most efficient solutions. Today, in real estate, he does the exact same thing—but instead of solving equations, he’s solving people’s property puzzles. “Every client has a unique situation—whether it’s upgrading, […]

Compared to the lukewarm performance in December, which saw only 203 new private homes (excluding ECs) sold, January saw new home sales pick up again following the launches of projects such as The Orie and Bagnall Haus. In total, 1,083 new homes (excluding ECs) were sold in January. Month-on-month (m-o-m), we witnessed more than a […]

This article was written in collaboration with Tay Liam Hiap, Managing Director of Capital Markets and Investment Sales. 市区重建局（URA）日前宣布将中央商业区奖励计划（CBD Incentive Scheme，简称CBDI）和策略发展项目奖励计划（Strategic Development Incentive Scheme，简称SDI）延长至2030年。这项计划于2019年推出，旨在推动楼龄至少20年的旧建筑重新开发，以提升中央商业区活力。 新加坡的城市发展日新月异，但其中仍不乏一些老旧商业建筑。在鳞次栉比的摩天大厦中，显得有些不那么协调，也已无法满足现代需求。随着建筑老化，维护成本也逐渐增加。落后的通风系统导致空气质量不佳，还可能影响员工健康。这一系列的问题，让地区焕新迫在眉睫。同时，租户也越来越青睐工作环境更舒适的优质办公空间。 两项奖励计划目标相同，但方式不一 中央商业区奖励计划适用于竣工至少20年以上的办公楼，且仅限位于安顺路（Anson Road）、丝丝街（Cecil Street）、罗敏申路（Robinson Road）、珊顿大道（Shenton Way）和丹戎巴葛的指定区域（Tanjong Pagar precincts）。为了保障这些重新开发的质量，项目需满足最低地段面积（site area）要求，即1000至2000平方米，也不允许分层出售。申请成功的项目可获得额外25%至30%的总楼面面积（gross floor area，简称GFA）。 图表1: 安顺   图表2：丝丝街 图表3：罗敏申路、珊顿大道和丹戎巴葛的指定区域 此外，政府近期公布的中央商业区奖励计划2.0也进行了更新，允许安顺路和丝丝街的办公楼可将长住型服务公寓作为混合用途开发的一部分。 自2019年计划推出以来，17份申请中的14份已获得原则性批准。其中，铂海综合大厦（Newport Plaza）即前富士施乐大厦（Fuji Xerox Towers）原址、The Skywaters即安盛保险大厦（AXA Tower）原址、海德大厦（Realty Centre）、珊顿大厦（Shenton House）、安顺路51号（51 Anson Road）以及和昌路15号（ 15 Hoe Chiang […]

ERA: Where Love, Success, and Real Estate Thrive For Zann Low and Gary Ong, real estate isn’t just their career—it’s intertwined with every part of their lives, from date nights to family life. As a married couple thriving in the high-energy world of new launches, they’ve found a way to balance work, love, and parenthood, […]

This article was written in collaboration with Tay Liam Hiap, Managing Director of Capital Markets and Investment Sales. The Central Business District Incentive (CBDI) and the Strategic Development Incentive (SDI) schemes were first launched in 2019 by URA to encourage the redevelopment of older buildings in the CBD and strategic areas. One may ask: why […]

This article was first featured on EdgeProp Singapore and was contributed by Wong Shanting, head of ERA Research and Market Intelligence.  According to Chinese astrology, the Year of the Wood Snake in 2025 could bring about transformative energy, driving reforms ahead with a mix of tension and global shake-ups. With US President Trump taking office […]

Clementi is a mature estate located in the Easternmost fringe of the West region of Singapore. It is served by the East-West Line, where people might recognise it as one of two stations between the major interchanges of Buona Vista and Jurong East. Clementi town has its roots as a kampong and a swamp, before […]

It’s that time of the year again: Chinese New Year, where relatives suddenly grow an interest in your personal and love life. And for attached twenty-somethings like us, it’s also the time of the year when they suddenly become real estate analysts: especially regarding your Build- to-Order choices. You start to hear takes like: “Eh, […]

ERA, Where Kindness Creates Ripples Life for individuals living with disabilities often comes with immense challenges, but even the smallest act of kindness can make a world of difference. For J.A. Goh, kindness wasn’t a gesture—it was a mission. “If I don’t help him, who will?” he said when asked why he chose to go […]

Road and street names in Singapore tend to have literal roots. For instance, Temple Street is named after Sri Mariamman Temple situated there, whereas Old Airport Road derives its name from its location near the former Kallang Airport. Naturally, this begs the question: where exactly is the ‘beach’ in Beach Road? The answer lies within […]

What do Sengkang Grand Mall, Jurong Point and Pasir Ris Mall have in common? They are shopping malls that are part of an integrated transport hub (ITH). The Land Transport Authority (LTA) introduced these hubs, where bus interchanges seamlessly link to MRT stations and adjoining commercial developments such as shopping malls. Urban planners in land […]

In total, December saw 203 new private homes (excluding ECs) sold, representing a 92.1% month-on-month (m-o-m) downtick over November’s performance (2,560 units sold). This contraction in sales was due to a one-two punch of a lack of new project launches and the typical year-end seasonal lull. Year-on-year (y-o-y), new private home sales were also up […]

Singapore’s real estate landscape continues to grapple with a myriad of challenges. These issues, ranging from affordability concerns to older housing with decaying leases, underscore the urgent need for policies that align with the aspirations of Singaporeans while ensuring sustainable growth in the property market. As we approach Budget 2025, ERA wish to share our […]

ERA, Where Knowledge Sparks Transformations A Passion for Learning That Shapes Success Alethea Seet’s journey into real estate didn’t start with ambition—it started with curiosity. What began as a desire to sell her BTO soon evolved into a career fueled by the pursuit of knowledge. “I initially took the RES course for personal reasons,” she […]

Thriving with Community and Support at ERA In just a few years, Dorian Tan has achieved what many aspire to be in the competitive world of real estate. Securing Millionaire Achiever status in both 2023 and 2024, his journey showcases a perfect balance of personal fulfilment and professional success. At the heart of these achievements […]

February 2025 will see the first of three Build-to-Order (BTO) launches of the year, as well as the yearly Sale of Balance Flat (SBF) exercise. This launch will offer about 5,000 BTO flats, as well as 5,500 SBF flats, totalling a supply of over 10,000 flats in this joint exercise. Interested applicants will require an […]

ERA, Where Ambitions Soar to Limitless Heights While many fresh university graduates embark on corporate careers, Gina Tng charted her own path. With a degree in environmental engineering from Nanyang Technological University and a world of possibilities ahead, she made a bold decision: to forgo the conventional climb up the corporate ladder and dive straight […]

根据新加坡市区重建局（URA）数据，今年下半年店屋仅有28宗交易，较上半年的39宗有所下降。下半年交易总值达2.29亿新元，低于前六个月的3. 65亿新元。全年店屋交易量仅67宗，创下自1998年以来单年交易量的最低记录（当年有48笔店屋成交）。 自2023年洗钱案后，新加坡店屋市场持续低迷，案件抑制了店屋的需求。同时，高利率以及店屋价格的不断攀升，影响了投资收益率。尽管最近降息措施给市场带来了一些乐观情绪，但日益不确定的地缘政治局势使投资者仍保持谨慎。另外，因住宅房地产的额外买方印花税（ABSD）大幅上涨而转向店屋市场的买家热情也有所消退。 值得注意的是，一些买家选择不提交备案，或通过特殊目的公司的股权转让方式完成交易。例如，今年9月，在桥北路（North Bridge Road）和连城街（Liang Seah Street）拐角处一栋四层店屋以4200万新元成交。而桥北路的白沙浮广场（Bugis Junction ）对面，三个毗邻的店屋在10月以7200万新元的价格出售。这些交易均未备案。 因此，2024年备案的总交易金额为5.95亿新元，不及去年11亿新元交易额的一半。远低于2021年时的市场峰值。当年约有245宗有地店屋交易，总值达18亿新元。就历年交易记录来看，目前店屋市场似乎已经触底。 图一: 过去十年店屋交易走势 资料来源：新加坡市区重建局和ERA产业 永久地契更受追捧   99年地契价格上涨 今年下半年28宗交易中，85.7%的交易为永久地契或999年地契。在市场波动中，这类型的店屋保值能力强，受到投资者青睐。 然而，与去年下半年相比，永久地契店屋的平均价格却下降了7.7%。而99年地契的店屋价格则上涨21.6%。除因这些成交的店屋位于市区和文化保护区（conservation area）外。它们的剩余年限均在70年以上。 图 二: 过去十年店屋每平方英尺交易均价走势 资料来源：新加坡市区重建局和ERA产业 这显示了位置优越的99年地契保留店屋，若维护良好并还有较长剩余地契仍能吸引买家。因此，我们预计这些店屋的价格仍有上涨空间。 自2020年以来，店屋交易价格持续上涨，带动高额交易比例上升。2024年，超过一半的店屋交易价格介于500万新元至1000万新元之间。而那些价格低于500万新元的店屋，多数不在市区或是99年地契。 图三: 过去十年店屋成交价比例走势 资料来源：新加坡市区重建局和ERA产业 市区店屋较受欢迎 今年成交的67间店屋中，有63间位于市区。这里汇集餐饮、健身房和共居空间等行业，可为屋主带来更高租金。 其中，第八邮区最受买家欢迎，共有31宗交易（占46.3%）。根据交易数据，这个区可能还存在投资机会，其中10宗的成交价低于500万新元。 此外，第14邮区共有七宗交易，而第一区和第二区各有五宗。     表一: 2024年交易额前五位的店屋交易 新加坡稳定的经济基础支撑房地产市场 在制造业和金融保险等行业带动下，新加坡今年第三季GDP同比增长5.4%，较第二季的3.0%增长有所加快。 半导体产业是新加坡的支柱产业之一。随着全球电子产品需求的持续复苏以及经济活动强于预期，新加坡贸工部将今年全年GDP增长预测从原来的2.0%-3.0%上调至大约3.5%。 经济扩张带动劳动力招聘市场增加。数据显示，新加坡就业人数大幅上升，同时裁员数量有所减少。三季度，招聘人数达2万2300人，远高于今年上半年的1万6000人。此外，今年前九个月的裁员人数为9350人，同比下降15.6%。当季整体失业率维持在1.9%的低位。 同时，新加坡通胀压力持续缓解，降至2.2%，为2021年二季度以来最低水平。其中，住房通胀也在降至2.9%，大幅低于去年一季度4.9%的高峰时期。通胀下降，将使新加坡实际收入回升。 尽管新加坡家庭债务增加，但根据新加坡金融管理局的报告，工资的提高和稳定的金融资产有助于家庭应对抵押贷。此外，美联储的降息举措降低了房主现有抵押贷款的每月还款成本。以新元隔夜利率（SORA）为例，三个月复合新元隔夜利率从1月的3.70%下降至11月的3.24%。   2025年店屋需求将有所改善 展望明年，ERA产业对新加坡房地产市场保持谨慎乐观。首先，利率有望继续下调的利好因素，将有助于明年的房地产市场表现优于今年。这在一定上程度将提振买家信心，推动房地产需求。价格上涨将体现房产价值和潜力，而非投机行为。 另一方面，在稳定的经济基础支撑下，新加坡将继续巩固其作为亚洲领先财富管理中心之一的地位，不断吸引家族办公室、高净值人士和跨国公司来此扎根。其中不乏各类投资者， 他们视新加坡店屋为珍贵稀有资产。 我们认为，当前店屋价格的波动可能是买家寻找潜在优质交易的好时机。尤其是那些位于核心地段且拥有永久地契的店屋可能已被低估。一旦买卖双方的价格预期一致，交易量将有望再次回升。 基于上述因素，我们预计明年店屋交易量将在70到80宗之间，交易金额将在6.5亿新元到7.5亿新元之间。   Disclaimer This information is provided […]

Based on URA’s lodged caveats, landed shophouse transactions fell to 28 deals worth $229.3 million in 2H 2024, down from 39 transactions totalling $365.3 million in 1H 2024. For the whole year, 67 landed shophouses were sold for a total of $594.5 million, marking the lowest number of transactions since 1998, when just 48 shophouses […]

Is recovery on the horizon for the 2025 residential market? Despite getting off to a slow start in the early 2024, Singapore’s residential property market eventually regained its footing in the last quarter of the year. In the first half of 2024, the private housing market saw subdued buyer interest and moderated price growth, weighed […]

2024 was a bumper year for the HDB resale market The Housing and Development Board (HDB) resale market saw continued price growth, reaching an all-time high, driven by a healthy resale volume. Over the first nine months of 2024, the HDB Resale Price Index (RPI) rose by 6.9% and is projected to follow a similar […]

Empowered by ERA’s Expertise and Community In the dynamic world of real estate, Eugene Kang has carved a niche as a top-performing project sales agent who seamlessly combines professional expertise with personal investment acumen. For Eugene, real estate is not just a career—it’s a way of life rooted in hard work, family, and a vision […]

ERA’s Ecosystem, Designed For Success When the COVID-19 pandemic struck, it forced many to rethink their paths. For Claire Tan, a pause in her thriving beauty business became the catalyst for an extraordinary career pivot. Today, Claire is a celebrated real estate agent, ranked among the Top Achievers, a Rising Millionaire of 2024, and the […]

In total, November saw 2,557 new private homes (excluding ECs) sold, representing a 246.5% month-on-month (m-o-m) uptick over October’s performance (738 units sold). Year-on-year (y-o-y), new private home sales were also up 226.1% in November, compared to the 784 units sold over the same period in 2023.  This is the highest new home sales in […]

New year, new launches, and new opportunities to find your dream home. Following a lull in the earlier months of 2024, November saw no fewer than six new private residential developments hitting the market all at once. These include The Collective at One Sophia, Chuan Park, Emerald of Katong, Union Square Residences, Nava Grove, and […]

The Toa Payoh Lorong 1 GLS site that made headlines when it was awarded a year ago, and will be launched in 1Q 2025, as a condo called The Orie. The new development will be built in place of an old police compound, which was an iconic structure that’s a key part of Toa Payoh’s […]

The 1H 2025 Government Land Sales (GLS) program saw an increase in the overall private home supply to 8,505 units, up from 8,140 units in 2H 2024. A total of ten sites were placed on the Confirmed List, comprising six private residential sites, one Commercial & Residential site, and three EC sites. Collectively, the 1H […]

Keep scrolling, because we’ve done the math for you! It’s often said that location is the most important factor when buying a new home. While that is almost always the gospel truth, price is undeniably the next-most crucial point of consideration for any aspiring homeowner. Amidst the current market where prices for private properties are […]

Economic Overview Based on advance estimates, the Ministry of Trade and Industry (MTI) announced that the Singapore economy grew by 4.1% year-on-year (y-o-y) in 3Q 2024. The growth is led by the manufacturing sector which expanded 7.5% y-o-y. All manufacturing sectors recorded expansions apart from the biomedical manufacturing cluster. On a quarter-on-quarter (q-o-q) seasonally-adjusted basis, […]

This article was brought to you in conjunction with Hoi Hup Realty and Sunway Developments, and ERA Property Megashow – the premier event for discovering valuable investment opportunities in Singapore. Terra Hill is a small development with 270 housing units developed through a joint venture between Hoi Hup Realty and Sunway Developments. The development is […]

This article was brought to you in conjunction with FRX Capital and ERA Property Megashow – the premier event for discovering valuable investment opportunities in Singapore. How does the idea of living near a heritage tourist attraction, business hubs with Grade-A offices, and one of Singapore’s largest coastal redevelopment projects sound to you? If your […]

In total, October saw 738 new private homes sold, representing a 84.0% month-on-month (m-o-m) uptick over September’s performance (401 units sold). Year-on-year (y-o-y), new private home sales were also up 263.5% in October, compared to the 203 units sold over the same period in 2023. This surge in transaction volume was primarily driven by the […]

For Singaporeans, the Executive Condominium (EC) presents an opportunity to enjoy all the benefits of a private property: owners get to enjoy all of the prestige, privacy, and facilities associated with a typical condo, but at a more accessible price point The EC housing concept is unique to Singapore, and was introduced in 1995, to […]

Private home rents rose marginally in 3Q 2024, along with rental transaction volumes. However, it remains to be seen if rental growth will sustain amid more completions and rising vacancies. Overview Following three consecutive quarters of decline, private home rents in Singapore reported a marginal recovery in 3Q 2024. This surprising reversal comes on the […]

Pine Grove is a private residential estate located in the Ulu Pandan neighbourhood, in the Rest of Central Region (RCR) district 21. The estate was initially populated by landed houses, before condominiums started being built there in the 1970’s. In 1977, Ridgewood Condominium was built next to the site of the Singapore American School, with […]

 Some Singaporean couples have successfully own two properties. But careful long-term planning is a must. For many Singaporean families, the pinnacle of housing aspiration is to own at least two properties in their lifetime – one serving as the roof over their heads, and the other, a means to generate consistent cashflow. To achieve this, […]

Singapore’s Central Area was actually one of the first few areas where homes were introduced. In the 1970s, HDB mixed-use developments such as Tanjong Pagar Plaza, Bras Basah Complex and People’s Park (Chinatown). Later, more HDBs were added including those at Everton Park and most recently, Pinnacle@Duxton (completed in 2009). These places were highly sought […]

With so many projects to choose from, which is the right one for you? Whatever your choice may be – may the odds be ever in your favour. The Housing & Development Board (HDB) has officially launched 8,500 Build to Order (BTO) flats on 16 October 2024. This rounds up the 19,600 BTO flats promised […]

In total, September saw 401 new private homes sold, representing a 92.8% month-on-month (m-o-m) uptick over August’s performance (208 units sold). Year-on-year (y-o-y), new private home sales were also up 84.8% in September, compared to the 217 units sold over the same period in 2023. This surge in transaction volume was primarily driven by new […]

Slightly more than a decade ago, the Urban Redevelopment Authority (URA) released its Draft Master Plan 2013, revealing the then-current blueprint that would guide Singapore’s land use over the next 10 to 15 years. Within it, several projects were outlined to further anchor Woodlands’ status as an up-and-coming regional hub. This entailed fully transforming the […]

Figures are based off the official flash estimates for URA quarterly statistics, released on 1 Oct 2024. Weaker buyer sentiment has led to lower transaction volumes, contributing to a decline in private home price growth Amidst a slowdown in overall transactions in 3Q 2024, the All-Residential Property Price Index (PPI) showed a slight decline. This correction […]

Figures are based off the official flash estimates for HDB/URA quarterly statistics, released on 1 Oct 2024. Continuing the trend of moderate price growth for resale flats, the latest HDB flash estimates indicate a modest uptick in prices for 3Q 2024, with the Resale Price Index (RPI) rising to 192.6. Quarter-on-quarter (q-o-q), this represents an […]

Older flats, once considered less desirable due to their age, have gradually become more prominent in the resale market. If you are thinking of buying one, beware of hidden costs like maintenance and repairs that could catch you by surprise. In recent years, we’ve witnessed an interesting shift in the HDB resale market in recent […]

The Federal Reserve (Fed) has finally cut interest rates after keeping them elevated over a prolonged period. On 18 September 2024, the Fed announced a cut of 50 basis points (bps), lowering its target interest rate range to 4.75% to 5.00%. This marks a decrease from the previous range of 5.25% to 5.50%, the highest […]

A new MRT line always brings about hype and conversation. Truer words cannot be spoken for the colourful District 15, which has been patiently waiting for MRT access for decades. District 15, consisting of the East-Coast and Marine Parade residential estates, has a rich and prolific history. From the mid-19th century, the Katong precinct was […]

August saw 208 new private homes sold, including seven landed units from the Pollen Collection. This figure represents a 63.6% month-on-month (m-o-m) decline, marking the lowest number of new private home sales since February 2024, when 149 units were sold. The steep decline can be attributed to the absence of new project launches during the […]

Freehold land parcels were last sold prior to the introduction of GLS Programme in 1967, mostly taking place before Singapore’s independence. If all Government Land Sale (GLS) sites have a 99-year leasehold (99-LH) tenure, then why are there 999-year leasehold (999-LH) or freehold developments? In land-scarce Singapore, selling residential land on a 99-year lease allows […]

Bukit Timah is traditionally known to be a prime residential area consisting predominantly luxury private condominiums and landed homes, as well as being located near the Core Central Region (CCR). But this could soon change over the next 20 to 30 years. So you see, the Urban Redevelopment Authority (URA) and the Housing & Development […]

Can seniors right-size comfortably from their landed homes? The answer is “Yes”. During his first National Day Rally this year, Prime Minister Lawrence Wong cast a spotlight on housing options with improved infrastructure for Singaporean seniors, highlighting that “there are seniors who prefer not to move” who desire to “age in place, where they currently […]

For almost anyone doing it for the first time, buying a home in Singapore can be a confusing process. Throw in a bunch of acronyms, like ABSD (Additional Buyer’s Stamp Duty) and MOP (Minimum Occupation Period), and things can get baffling real quick. However, if you’re intending to take out a loan on a new home purchase, […]

The Ministry of Development (MND) and Housing Development Board (HDB) have jointly announced a set of cooling measures for the HDB resale market and additional grants to provide further support to lower-to-middle income first-time home buyers. Adjustment of Loan-To-Value limit for HDB loans With effect from 20 August 2024, the Loan-to-Value (LTV) limit for HDB […]

Sales of new homes picked up steam in July 2024, more than doubling month-on-month (m-o-m) from June’s 228 units to 571 units (excluding Executive Condominiums). Another 37 units of Executive Condominium were sold in the same month. The upswing in sales numbers comes on the back of two top performing new launches that made their […]

The results are in! Recently concluded on 23 July 2024, ERA Singapore’s inaugural ‘My Dream Home’ survey uncovers a treasure trove of insights about the homebuying preferences, residential needs, housing budgets, and property aspirations of Singaporeans of all ages. The survey, which was conducted in partnership with Ngee Ann Polytechnic, drew key insights from the […]

Have you ever dreamed of staying in a place not dominated by towering high-rises but filled with greenery and low-rise houses instead? A place with its own unique flair and personality, where heritage and modern lifestyle blend seamlessly? Areas like Katong or Tiong Bahru might come to mind, but they can be a bit too […]

Private home rental market shows signs of bottoming in 2Q 2024, while the HDB rental market remains resilient. Private Residential Rental Index  The private residential properties rental index decreased by 0.8% quarter-on-quarter (q-o-q), reflecting a slower pace of growth compared to the 1.9% seen in the previous quarter. This marked the third consecutive quarter of […]

Given their on-site facilities, like swimming pools and gyms, as well as the “condominium” label, it’s not hard to see why Executive Condominiums (EC) are an attractive option for homebuyers in Singapore. Besides offering similar value propositions as regular condominiums, such as the privacy and security of a gated compound, ECs also possess a comparable […]

June saw muted new home sales with the holidays and lack of new home launches. June 2024 saw muted new sale demand with no new home launches, registering 228 units (excluding Executive Condominiums (ECs)) sold. This marked a 3.2% increase month-on-month (m-o-m). In addition to this, another 50 units of ECs were sold. Excluding ECs, […]

In real estate, the phrase “location, location, location” is a frequently-heard mantra echoing the importance of location when buying a new property. While that’s undeniably true, the next most-important consideration for the conscious homebuyer is most assuredly, price. After all, with ongoing concerns about HDB resale flats hitting the million-dollar mark – one of the […]

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 […]

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 […]

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 […]

URA dropped ten sites on the Confirmed List. Could this lead to a potential housing glut?  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, […]

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 […]

Following April’s 57.7% month-on-month (m-o-m) fall in new sale numbers, May 2024 saw a further decline of 25.9% m-o-m to 261 units (including Executive Condominiums (ECs). This is on the back of the launches of smaller developments such as Skywaters Residences (198 units) and two boutique projects – Straits at Joo Chiat (16 units) 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 […]

District 15 possesses a unique blend of heritage, convenience and quietness. It has always been lauded by Easties as one of the best places to live in Singapore. Being a location well loved by both locals and expats alike, District 15 has always been a popular district among homebuyers. This is due to the allure […]

April 2024 saw a decline in new home sales due to muted new home launches. A total of 278 new private homes were launched in April, compared to 877 units in March. This represents a decrease of 68.3% month-on-month (m-o-m). April’s new homes sale numbers fell 58.8% m-o-m to 352 units (excluding ECs). With no […]

HDB has launched the Resale Flat Listing (RFL) service to create a transparent, reliable and trusted marketplace for the listing and transactions of HDB resale flats. Flat owners or their property agents can list flats for sale and complete their resale transactions on the HDB Flat Portal. The RFL service will soft launch on 13 […]

The first wave of Build-To-Order (BTO) flats launched in February 2024 were generally well received by the public, receiving an application rate of about 2.5 times (10,521 applications for 4,126 units). The application rate even peaked at 5.2 times (with 1,300 applicants for 251 units) for the Tanglin Halt Courtyard project, under the Prime Location […]

Following the recent submission and closure of a joint bid in March this year, we will be seeing five major real estate players — CapitaLand Development, City Developments, Frasers Property, Mitsubishi Estate and Mitsui Fudosan (Asia) – joining hands to drive a singular visionary goal for Singapore.  That is to propel the development of the […]

Ask any Singaporean what they think of Sentosa Cove and you may hear responses like “posh,” “rich,” or “symbol of status”. Sentosa Cove is all about swanky cars and over-the-top architecture, representing the upmarket community it embodies.  When the Sentosa Cove Masterplan was first conceptualised in 1992, Sentosa Cove was envisioned to be Singapore’s exclusive […]

Budget 2024 announced four changes that will affect home owners and the Singapore residential market. Here is what you need to know.  1. Enhanced Annual Value Band for Owner-Occupier Residential Properties to offer Property Tax Relief in 2025 Owner-occupier residential property will pay lower property tax from 2025 with as Annual Value (AV) bands adjust […]

The rental market showed signs of stabilising since 2Q 2023 with the slower growth of the rental index. Meanwhile the HDB rental market stayed resilient. Has the rental market tipped in favour of tenants? Private Residential Rental The all private residential property rental index prices grew 11.1% in the first nine months of 2023. Rental […]

The market share of new private home buyers, aged 26 to 35 years old, more than tripled between 2015 to 2022. Even in the face of recent headwinds, including higher interest rates, moderating economic activity, and the implementation of market cooling measures in April 2023, the demand for new private homes among Singaporeans has stayed […]

The landed shophouse segment had some banner years but saw notable moderation in demand in 2023. As at 20 December 2023, a total of 118 landed shophouses were transacted, amounting to a transaction value of $1.07 billion. Transaction volume and value have moderated by 35.9% and 32.6% year-on-year (y-o-y) respectively compared to 2022. At the […]

The Housing & Development Board (HDB) resale market has shown signs of stabilising even with price trending higher in 2023. In the first nine months of 2023, the HDB resale price rose 3.8% in the first nine months of 2023 and peaked at 178.5 in 3Q 2023.   Transaction volume stayed fairly stable as of 26 […]

Rising cost and the elevated interest rates have moderated residential property demand across the board in 2023. Residential demand tapered further with the Additional Buyer Stamp Duty (ABSD) hike in April that curtailed demand from investors and foreigner buyers. The roundup of money laundering cases in August involving several high-value residential property transactions, has further […]

Every Singapore district has its highlights. District 9 has a world-renowned shopping belt in Orchard Road, District 11 has a growing medical hub, and District 14 has Paya Lebar which will be redeveloped as a “highly liveable and sustainable new town”. The list goes on. So then, what does District 15 have to offer? Located in […]

  By and large, February has been an eventful month for the local housing market and Singaporeans in general. Headlining the news was an increase in rental demand, as well as the latest changes in housing policies that were announced by Deputy Prime Minister and Finance Minister Lawrence Wong during Singapore Budget 2023. Also, of […]

Let’s rewind the clock back to 2021, specifically to November, when the biggest headline in the media was the easing of COVID-19 measures on dining out in Singapore. And while this piece of news was certainly cause for celebration, the very same month also saw the very first Built-to-Order (BTO) projects – namely River Peaks I & II […]

Home buyers rejoice! Whether you’re looking for a brand-new private residential property in the North, South, East or West of Singapore, there’s no lack of options to choose from. Compared to last year’s total of 20 new launches (17 condominium projects and 3 executive condos to be exact), over 40 new private housing projects may […]

Though 2022 has come and gone, its events continue to bear weight today. For instance, the Goods and Services Tax (GST) rate hike was announced during last year’s Budget Speech, only to kick in on the first day of the new year. This news about the GST increase from 7% to 8% on 1 Jan […]

Where things stand currently at the starting line of 2023, global economies – including Singapore’s – will likely continue to be occupied with three issues from 2022, namely rising interest rates (and by association, inflation as well as recession), the Russo-Ukrainian war, and not least, the still-lingering shadow of COVID-19. The question connecting these issues […]

Chances are, we’ve all griped about its periodic malfunctions or jam-packed carriages at some point of time. But despite the occasional inconvenience, the Mass Rapid Transport (MRT) system remains an integral part of Singapore’s transport system as well as the daily commuting experience of most local residents. Based on the latest SBS Transit figures available, […]

For anyone interested in owning a luxurious home on Singapore’s only resort island, now’s your chance. Show flat previews for units at Cape Royale have already begun on June 28, and bookings have started on July 6. So, if there is a good time to get an idea of what life at this seafront condominium […]

Those who have been paying attention to recent Government Land Sales (GLS) will be aware that tenders for two sites – namely Dunman Road and Pine Grove – were recently awarded by Urban Redevelopment Authority (URA) to developers on 14 June 2022. The tender for the Dunman Road site attracted a total of 2 bids, […]