Overview August saw 208 new private homes sold, including seven landed units from the Pollen Collection. This figure represents a 63.6% month-on-month (m-o-m) decline, marking the lowest number of new private home sales since February 2024, when 149 units were sold. The steep decline can be attributed to the absence of new project launches during the Hungry Ghost Month, as well as the high sales base...
#ERA Updates
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...
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...