Slower, but Steady Price Growth: What It Means for Your Property Journey in 2024.
In recent years, the number of million-dollar HDB flats has surged. Starting from 46 units in 2017, this figure has since risen to 470 units in 2023, marking a significant uptick in the number of resale units hitting this notable price milestone. While some homeowners living in prime areas may view this as a win, […]
More Homes, More Choices: Over 32 New Projects to Explore in 2024!
2024 is set to be a favourable year for to-be homebuyers and investors as they will have no lack of options all over the island – from the Core Central Region (CCR) to the Rest of Central Region (RCR) and Outside Central Region (OCR)! The upcoming months of 2024 will see no fewer than 32 […]
Buy a New Home Now or Wait for Interest Rates to Drop – Which is the Smarter Choice?
Following a series of interest rate hikes to combat inflation in 2022 to 2023, the U.S. Federal Reserve may soon ease off on its tightening measures. According to a poll of economists, the Fed is expected to cut rates come 2H 2024. And as most floating rate mortgage packages take reference to the Singapore Overnight […]
Why is 2024 the Year to Enter Singapore’s Property Market Despite the Global Gloom?
Dreary news about global property markets may be the talk of the town with major countries like USA, China, Vietnam and Hong Kong seeing their share of real estate woes. These range from headlines about America’s “frozen housing market” which saw sales hit a 13-year low, as well as China’s worsening property market despite government […]
Is it Time to Enter the Market with Projected Rate Cuts in 2024?
1] Will borrowing costs decrease in 2024? According to The Straits Times on Jan 2, 2024, lower borrowing costs in Singapore is expected in 2024 as US Federal Reserve signalled it could cut rates in 2024 and beyond. 2] The Federal Reserve System (FED) is likely to cut rates gradually in the medium term Currently […]
Will New Home Prices continue to Rise in 2024?
New home prices will trend higher with the land bid prices going up. Higher GLS price by tender translates to higher launch prices. Steadily increasing land prices will result in higher EC prices. Since 2010, the Singapore government has introduced twelve rounds of cooling measures to moderate price growth. The recent cooling measure in April […]
What’s the Big Deal with More New Home Launches in 2024?
2024 is set to see up to 32 private home launches and one executive condominium launch. This will bring upon some 11,000 units of new homes. Unlike 2023, there will be more launches in CCR. Homebuyers who are holding out to wait for the right home in CCR, will be able to choose from some […]
Where are the New Mega Developments in 2024?
2024 could see up to four mega project launches (at least 800 units). These includes sites at Lorong 1 Toa Payoh, Jalan Tembusu, Former Chuan Park and Tampines Avenue 11. Development Name Location Region District Tenure Est. No. of units Land Price ($ psf ppr) 1 Lor 1 Toa Payoh GLS Toa Payoh RCR […]
Do You Know How the Big Transformative Stories of Growth Areas will Continue to Play out in 2024?
Singapore continues to see remarkable development across several regions islandwide. Let us delve into these regions that are seeing ongoing and upcoming development that will promoted growth. NORTH The north region is seeing development of several industrial clusters. Among which, the Seletar Aerospace Park and Punggol Digital District could bring on high value jobs. New […]
How Can Home Buyers Benefit from a Boosted Resale Market in 2024?
Some 19,000 homes have achieved Temporary Occupancy Permit (T.O.P) status in 2023. This is the highest supply of completed homes since 2016. Another 10,000 homes are slated to complete in 2024. The influx of new home completions and higher new home prices may see some buyers returning to the resale market. This could see resale prices […]