Continuing the trend of moderate price growth for resale flats, the latest HDB quarterly transaction data indicates a modest uptick in prices for 2Q 2024, with the Resale Price Index rising to 187.6. This is a 2.3% increase from the previous quarter, and a 6.6% from the same period in the previous year.”Similarly, the volume of resale HDB flat transactions showed upwards movement, reaching 7,352 units...
July 2024
Singapore’s private property market continued to slow down one year after the adjustments to Additional Buyer’s Stamp Duty (ABSD) rates were introduced in April 2023.Furthermore, buyers have turned cautious and have pushed back their homebuying plans amid strong headwinds from slower economic growth. This has been further compounded by higher-for-longer interest rates and the higher cost of replacement...