November saw condo resale prices on the rise, despite a decline in the number of sales

SINGAPORE prices for condo resales sales climbed against the backdrop of a decline in volume in November. Monthly on month, total prices rose by 1.2 percent, even though the resales volume dropped 5.8 percent to 1 023 units. The market has changed positive ways since October, when prices dropped. This recovery is due to an improved … Read more

2024 overview – The biggest housing developments from this year and what’s next in line

Singapore – A brand new classification for Build-to-Order (BTO) flats and a fourth round property cooling measures and more financial support for first-time buyers were among the key policy changes to the housing market that were implemented in 2024. Here are the five top housing stories for 2024 and what to expect in 2025. New … Read more

URA offers housing sites in Chuan Grove and Holland Link for sale

Urban Redevelopment Authority has put on auction two residential sites at Holland Link and Chuan Grove. The plots will form part of 5,050 residential units that are to be released in the list of confirmed units for the Government Land Sales (GLS) Program for the second half 2024, to meet housing demand and to ensure … Read more

Private home sales soared in November, fueled by lower interest rates and a greater number of new launches

Reduced interest rates, together with a record-breaking six new private residential launches launched in November, pushed developers’ sales surging to 2,557 units. It was the highest monthly total since the time 2,793 units were sold in March 2013. According to the Urban Redevelopment Authority, data published on December 16, this represented an increase of 246.5% … Read more

Softer HDB and condo rents in May as leasing volumes shrink

The rents of Housing and Development Board (HDB) flats have dipped for the first time since January because renters are now looking at the market for condos, where rents are still falling. Flash estimates released by SRX and 99.co on Friday (Jun 21) showed that HDB rents fell 0.3 per cent month on monthly, but … Read more

New private home sale fall by 78.7% in May amid market slump

Private home sales for new homes fell in May, falling to the lowest level seen for the month of May since the beginning of record-keeping in June 2007. They were also down nearly 80 per cent year-on-year. There were no major projects marketed last month, when the slowdown in mid-year sales was further exacerbated by sales … Read more

$300 monthly rental vouchers free for families awaiting BTO

Families who are eligible and waiting to receive their BTO units may be eligible for a $300 voucher every month to pay for the rent of a HDB flat or bedroom that is available on the open market. The project within the Parenthood Provisional Housing Scheme (PPHS) that provides temporary rental homes for families with … Read more

Ease ABSD for young local singles & PR couples changing home

SINGLE Singaporeans have plenty to be pleased about in the Budget 2024. Single Singapore citizens aged 55 or older are eligible for the benefit of a rebate on Additional Buyer’s Stamp Duty that they pay for the second property. The ABSD refund is a significant amount, as anyone who buys a second property pays ABSD at … Read more

The expanding neighborhood of Sengkang may have 10,000 homes

According to proposed plans, about 10,000 new homes could potentially be built in Fernvale North near the Tampines Expressway. The Urban Redevelopment Authority (URA) is currently preparing an 18.9ha site bordered by Jalan Kayu, Fernvale Street, the TPE and the upcoming Sengkang West Drive for housing. Proposed changes to the URA master plan, which was … Read more

HDB resale prices increase by 0.3%, volume goes up by 5.3%

Housing Board resale prices rose for the eighth time in May. The price increased only 0.3 percent, and more flats were sold. According to the data released by real estate websites Singapore Real Estate Exchange and 99.co, on the 5th of June, the rise was less than 0.9 percent recorded in April. The prices increased by … Read more