HDB Flash Estimates released on January 2nd revealed a 2.5% increase in resale flat prices in the fourth quarter of 2024, slightly slower than the 2.7% growth seen in the previous quarter. This marks the 19th consecutive quarter of price increases in the HDB resale segment.

According to Christine Sun, Chief Researcher and Strategist at OrangeTee Group, the flash estimates show a 9.6% increase in HDB resale prices in 2024, double the 4.9% growth seen in the previous year. However, this growth is still slower compared to the 10.4% increase in 2022 and 12.7% in 2021.

OrangeTee also notes that based on HDB caveat data, there has been a slowdown in price growth for certain flat types. For example, the median price of four-room flats saw a 2.5% increase in the fourth quarter of 2024, compared to a 3.4% growth in the third quarter.

Similarly, two-room flats saw a 2% …

Roxy-Pacific Holdings, a renowned property developer, will be launching a preview of Bagnall Haus this coming Saturday, January 4. This freehold project is a redevelopment of the former Bagnall Court, which was acquired by the company for $115.28 million in February 2023. The sale price translates to a land rate of $1,106 psf ppr.

In summary, there are many compelling reasons to invest in a condo in Singapore. Not only is there a high demand for these properties, but they also have the potential for capital appreciation and attractive rental yields. However, it is crucial to carefully assess various factors such as location, financing options, government regulations, and market conditions before making any investment decisions. By conducting thorough research and seeking professional guidance, investors can make informed choices and maximize their returns in Singapore’s ever-evolving real estate market. Whether you are a local investor looking to diversify your portfolio or …

The latest addition to the real estate market, The Orie, will be showcased by City Developments Limited (CDL), Frasers Property, and Sekisui House on Friday, January 3. The official launch of the 777-unit private condo will be on January 18. Located at the intersection of Lorong 1 Toa Payoh and Lorong 4 Toa Payoh, the twin 40-storey towers hold a mix of one-bedroom plus study apartments ranging from 517 sq ft to five-bedroom apartments of 1,453 sq ft.

The cityscape of Singapore is renowned for its impressive skyline, featuring soaring skyscrapers and modern infrastructure. One of the most coveted types of housing in this bustling city is the condo, strategically located in highly desirable areas. With a perfect blend of luxury and practicality, it comes as no surprise that these residences are a popular choice for both locals and foreigners. The condos offer a range of amenities, such as swimming …

Effective immediately, ERA Singapore has made the decision to discontinue its longstanding practice of covering the annual Council for Estate Agencies (CEA) license renewal fees for its real estate agents. This gesture, which has been in place for the past seven years, has been a hallmark of ERA’s support for its agents, even throughout the COVID-19 pandemic.

According to a statement from ERA, this decision will allow the company to reallocate resources towards initiatives that enhance growth and success for its market-leading salesforce and benefit consumers. However, ERA will continue to support new agents by covering their renewal fees for the first two years, a common industry practice designed to help newcomers establish themselves.

In addition to this, the decision to discontinue the renewal fee coverage also addresses a recurring issue of inactive agents shifting between agencies solely to take advantage of the fee coverage. This has resulted in a …

Real estate agency SRI has announced that they have added 111 agents from Knight Frank Singapore’s agency business, KF Property Network (KFPN), including its head, Evan Chung. This accounts for 40.5% of KFPN’s sales force, which was ranked the sixth-largest property agency by the Council for Estate Agencies (CEA) as of Jan 1, 2024. With the addition of these agents, SRI’s sales force has now reached 1,501, making it the fifth-largest property agency.

The demand for condos in Singapore is constantly on the rise, and this can be attributed to the limited availability of land on the island. As a nation with a booming population and a small land area, Singapore faces the challenge of limited space for development. This situation has resulted in strict land use regulations and a fierce real estate market, where property prices are constantly increasing. As a result, purchasing real estate, specifically condos, has become …

In 1Q2025, Singaporeans and upgraders will have more options to choose from, with three new executive condos (ECs) set to be launched. Sim Lian Group’s Aurelle of Tampines is set to lead the way, with a total of 760 units located in Tampines Street 62. The launch is expected to take place after the Lunar New Year, following the success of the 846-unit Emerald of Katong, which has now sold over 99%. In October 2023, Sim Lian Group secured the site at Tampines Street 62 (Parcel B) for $543.28 million in a government land sales (GLS) tender.Considering the rising costs of construction and the resulting impact on gross floor area (GFA) definitions, PropNex CEO Ismail Gafoor predicts that Aurelle at Tampines could surpass the $1,600 psf threshold and set a new price benchmark. This is supported by the success of Novo Place EC, which was launched in November and achieved …

When purchasing a condo, one must not overlook the importance of its maintenance and management. Condominiums generally have maintenance fees that include the upkeep of shared spaces and amenities. These fees may contribute to the total cost of owning a condo, but they also guarantee that the property stays in top condition and maintains its value. To make the investment less demanding, hiring a property management company can assist in managing the day-to-day tasks of condo ownership. With the guidance of Singapore Projects, investors can have a more hands-off approach to their condo investment.

after 27-year holdCapital gain of 131% for this four-bedder at Ardmore Park after 23-year holdCondo Spotlight: Ardmore ParkDwelling FactorByline: Resale transactions at Ardmore Park, a high-end freehold condo in prime District 10, have been some of the most lucrative deals of 2024. Located in the prestigious Ardmore-Draycott enclave, the luxury development has accounted for the …

In the world of the ultra-rich, the Good Class Bungalows (GCBs) market has shown exceptional performance this year compared to 2023, according to Han Huan Mei, director of research at List Sotheby’s International Realty. As of December 20, data from URA Realis reveals 22 GCB transactions worth a total of $612.05 million. In addition, there were 13 more GCB deals worth over $700 million completed this year, without caveats lodged, as buyers preferred to remain anonymous. This brings the estimated total for 2024 to 35 GCB transactions, amounting to a whopping $1.32 billion, according to List Sotheby’s estimates. This surpasses the previous high of $1.186 billion recorded in 2022.

Comparatively, 2023 only saw 18 GCB transactions, totaling $432.5 million – the lowest number of deals since URA Realis began tracking data in January 1995. “The additional deals in 2024 show that the GCB market has been more active compared to …

Singapore’s capital market property deals estimated to reach $25.8 billion cash in 11 months

According to Wong Xian Yang, head of research for Singapore & Southeast Asia at C&W, the total value of capital market property deals in Singapore is expected to reach $25.8 billion between January and November this year. This represents a significant 40.2% year-on-year increase from the $18.4 billion recorded in 2023. C&W defines capital market transactions as deals with values exceeding $10 million.

Wong states that nearly 60% of the capital market deals were transacted in the second half of 2024, driven by growing investor appetite and increased confidence in interest rate cuts by the US Treasury. Three deals exceeding $1 billion were made in 2024, all of which were transacted in the second half of the year.

The highest-value transaction by absolute price was the sale of a 50% stake in ION Orchard mall for …

Rental forecasts for Singapore’s retail property market may be dampened by weaker-than-expected consumer spending towards the end of the year, according to Alan Cheong, executive director of research and consultancy at Savills Singapore. He points out that the year-on-year change in the monthly retail sales index (excluding motor vehicles) and food and beverage (F&B) sales index has been mostly negative throughout most of 2024. As a result, Cheong predicts that retail properties in the prime Orchard Road submarket may only see a 2% increase in rents for the full year, falling short of initial expectations of 3% to 5% growth.

However, Cheong expects suburban retail rents to remain flat for the rest of the year, aligning with his original rental forecast for this segment. A joint research by DBS and Singapore Management University (SMU) found that consumer concerns over higher-than-expected inflation have moderated in recent quarters, with expectations remaining stable …