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BTO Launch Review (June 2024) – What Can We Expect?

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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 […]

URA – 1Q 2024 Private Residential Market Update

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The All-residential Property Price Index (PPI) reported a modest increase in 1Q 2024, registering a 1.4% quarter-on-quarter (q-o-q) and 4.9% year-on-year (y-o-y) growth.  The non-landed PPI grew 1.0% q-o-q and 5.0% y-o-y. The price growth was largely buoyed by Core Central Region (CCR) non-landed home prices, which grew 3.1% q-o-q. Two units at The Ritz-Carlton […]

Ramping Up BTO Supply: What will Happen to HDB Resale Flat Prices in the Future?

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Just what could a ramp up in the supply of Built-To-Order (BTO) flats do for Singapore’s housing market? On one hand, it is likely to result in greater HDB flat availability for locals, and on the other, it could also lead to further price appreciation. Earlier in January, it was reported in mainstream media that […]

Will Singapore’s Rental Market Favour Tenants in 2024?

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Just earlier in April last year, local headlines were dominated by news about soaring rents in Singapore, putting the spotlight on the declining affordability of tenants and fuelling discussions about an overheated rental market.  However, that story has since lost much of its relevance. Due to the easing of factors which contributed to cost pressures […]

Why is 2024 a Good Year to Enter the Private Resale Market?

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When the supply of private homes is plentiful, so are the options for buyers. In the first nine months of 2023, a projected 14,000 private residential units (excluding Executive Condominiums) received their Temporary Occupation Permit (TOP), which legally certifies that they are move-in-ready.  Moreover, with a further estimated 9,800 odd units expected to attain their […]

Why Should You Be Excited About Singapore’s Ongoing Master Plan?

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Singapore’s Master Plan is widely known for guiding the development of every plot of land in the country, ensuring that our urban growth takes place in a systematic and progressive manner.  But more than that, the many changes outlined in the Master Plan could mean good news for local homeowners, both current and aspiring. By […]

Is the Trend for Million-Dollar Flats Here to Stay?

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Million-dollar flats are becoming more common. The number of million-dollar flats rose by 27% y-o-y in 2026. Even as most of the million-dollar flats have existed in prime central location, ERA observes an uptick in million-dollar flats in Woodlands.  With the rising home prices, more four room flats were observed to have achieved the million-dollar […]

Property market to continue stabilising despite HDB, private home prices rising in Q1: Desmond Lee

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Anjali Raguraman Correspondent UPDATED APR 27, 2024, 09:11 PM FacebookTelegram SINGAPORE – There may be quarter-on-quarter variations in Housing Board and private home resale prices but the authorities expect the property market to continue stabilising, said National Development Minister Desmond Lee. The Government will watch the trends very carefully over the next few quarters, added […]

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