December 2024 Developer Sales Report: Holiday Downtime Slows New Private Home Sales to a Crawl
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 […]
4Q 2024 HDB Quarterly Report – Resale Prices Peaked Amid Tight Supply of Resale Flats
SINGAPORE, 24 January 2025 – According to the Housing and Development Board (HDB), the HDB resale price index rose to 197.9, a 2.6% increase quarter-on-quarter (q-o-q) in 4Q 2024. For the whole of 2024, HDB resale prices have risen at a faster pace of 9.7% y-o-y compared to 4.9% in 2023. Resale price has risen faster on the […]
4Q 2024 URA Private Residential Report – Singapore’s Private Home Prices Climb 3.9% for Full-Year 2024, Slowest Growth Since 2020
SINGAPORE, 24 January 2025 – According to the Urban Redevelopment Authority (URA)’s report for 4Q 2024, private home prices had risen 2.3% quarter-on-quarter (q-o-q), marking a reversal of the 0.7% q-o-q decline observed in 3Q 2024. In tandem, total transaction volume of private homes also rose to 7,433 units in 4Q 2024, marking a significant […]
January 2025 Developer Sales Report: 2025 Kick-Starts with Over 1,000 New Home Sales
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 […]
2024 Landed Report: Strong Upgrader Demand Drives Landed Home Transaction, Trend Expected to Continue in 2025
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 […]
February 2025 Monthly Developer Sales Report: Over 1,500 units Snapped Up Thanks to Blockbuster Projects in Tampines and Clementi
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 […]
Singapore Residential Rental Market Lookback (2024): Private Home Rents Moderate While HDB Rents Grow
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. This […]
1Q 2025 HDB Quarterly Report: HDB Prices Continue to Grow Despite Lower Demand
Figures are based off the official flash estimates for HDB/URA quarterly statistics, released on 1 April 2025. According to the Housing and Development Board (HDB)’s flash estimates, the HDB RPI rose to 200.9, a 1.5% increase quarter-on-quarter (q-o-q) in 1Q 2025. This is the 20th consecutive quarter of growth of the RPI, which is on track to […]
1Q 2025 URA Private Residential Report: Private Home Prices Display More Moderate Pace of Growth
Figures are based off the official flash estimates for HDB/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 […]
How Homebuyers Can Benefit from the “Agglomeration” of New Home Launches
In recent years, the practice of clustering new home launches within the same neighbourhoods has been growing in prominence. For instance, Tengah and Lentor Hills Estate have seen a staggered rollout of fresh private housing projects, in line with URA’s broader master plan for precinct renewal or development. Similarly, in the months ahead, we can […]