Residential Market Watch 2023Q1 New launches spurred sales volume and prices Advanced estimates released by the government showed that the economy grew by a mere 0.1% in 2023Q1 as the global environment…
Category: Research
Prices of shophouses continue to rise even as sales slow
Slower sales as mood of market changed Market sentiments have turned cautious due to higher interest rates and borrowing costs as well as the latest upward revision in buyer’s stamp duty. Transaction…
Office market responds to the change of tides
COMMERCIAL MARKET WATCH 2022 •Economy The Ministry of Trade and Industry (MTI) said Singapore’s economy grew by 3.6% in 2022, moderating from the 8.9% growth in 2021. The growth was mainly driven…
Market for Good Class Bungalows tenacious despite economic headwinds
Demand in the last few years can be attributed to a rise in newly naturalised citizens. In 2022, 44 bungalow deals in the Good Class Bungalow (GCB) Areas were sealed, going by…
MUTED PERFORMANCE IN 2022Q4
Price increase slowed as sales plunged Against the headwinds of weakening global economy, rising interest rates, persistent inflation, fresh round of cooling measures and a dearth of new launches, 2022Q4 turned in…
SINGAPORE LUXURY HOMES ACED THE PANDEMIC TEST
SINGAPORE LUXURY HOMES – H2 2021 SURGE IN LUXURY SALES VOLUME AND PRICES In 2021, at least 665 luxury residential properties were sold, according to caveat data compiled by URA. This is…
Blue Skies for Residential Market
Residential Market Watch Q3 2021 Sales volume and prices continued to riseThe pace of private residential sales continued unabated despite the spike in Covid-19 infections from August onwards. Singapore is trying to…
Shophouse Market Turns Vibrant
A pair of adjoining three-storey conservation commercial shophouses at 44 & 46 Club Street.Sold by List Sotheby’s International Realty, Singapore for $25.5 mil in July 2021 The first sign of vibrancy in…
The enduring charm of landed homes
by Han Huan Mei / Cheong Choon Ghee The census of population in 2020 showed that Singapore’s home ownership stood at 88%, which is one of the highest in the world. By…