A Year of Peaks and Valleys for Singapore’s Private Property Market The private property market in 2024 experienced significant fluctuations, akin to a roller coaster ride. Developers launched a total of 22 private residential projects and 2 executive condominium (EC) projects throughout the year. This marked a slight decrease from 2023, which saw 26 private residential projects and 1 EC...
HDB Resale Market Gains Momentum in 2024 The Housing and Development Board (HDB) resale market witnessed a significant surge in activity in 2024, largely driven by evolving policies and market dynamics. Transaction volumes for HDB resale flats are projected to hit approximately 30,000 units in 2024, reflecting a more than 10% increase compared to 2023’s 26,735 transactions. Resale prices have also...
The Unique Appeal of Conservation Shophouses Singapore’s conservation shophouses are celebrated for their architectural charm and rich heritage. These properties, a blend of cultural significance and historical value, represent a unique segment of the real estate market. With their scarcity in supply, shophouses have become a coveted investment asset, particularly for those seeking exclusive...
The unveiling of the next phase in the saga of the former Golden Mile Complex occurred on 10 December 2024 during a press conference led by Perennial Holdings and Far East Organization. The developers presented their reimagined vision for the iconic conserved building and a new 45-storey residential tower, now collectively branded as Golden Mile Singapore. Notably, this marks Singapore’s inaugural...
The Singapore real estate market in November 2024 was a bustling scene with six new condo launches collectively offering more than 3,500 homes. On launch weekend alone, over 2,300 units found eager buyers, marking an impressive 66% sell-through rate. However, the spotlight was on one standout project that nearly sold out entirely, leaving buyers scrambling for alternatives. In this article, we’ll...
The concept of "neighbour security" in real estate refers to the perceived stability and potential for price appreciation when multiple buyers purchase properties in the same development or area at similar price levels. This collective buying behavior creates a price benchmark, fostering confidence among investors and homeowners while driving future resale values. How Neighbour Security Works Price...
2023 Unveils Singapore's Bold Move: The 60% ABSD Tax In a strategic move to regulate speculative capital inflow into the real estate sector, the Singapore government unveiled a bold initiative on April 27, 2023. This initiative took the form of a substantial 60% Additional Buyer's Stamp Duty (ABSD) tax on residential properties purchased by foreigners, establishing one of the highest non-resident tax...
Enjoy special deals this holiday season and sweeten your property search. Property prices have increased by 3.9% in the first nine months of 2023 and may grow more than 5% in 2023. For 2024, prices in the property market are estimated to grow between 3% and 5%. In this article, we highlight 7 new launches with special promotions to consider towards leveling up your wealth. You will need to act fast to...
Tampines is a well-connected town served by major expressways like the Pan Island Expressway (PIE) and Tampines Expressway (TPE), making commuting convenient for residents. The town is also accessible via the East-West MRT Line and Downtown Line. The upcoming Cross Island Line (CRL), which will include Tampines North MRT Station, is set to further enhance connectivity by providing quicker access to key...
Are you looking for a convenient and luxurious place to live in Singapore? Look no further than Tanjong Pagar and Shenton Way. These areas are situated in the heart of the Central Business District, making them ideal for those who work in the area. They offer a wide range of amenities, from shopping and dining to excellent transportation links. In this article, we'll provide you with a comprehensive guide...
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