PAULINE CHUA
REAL ESTATE

HDB resale prices rose for the ninth consecutive quarter by 2.8% in Q2, 2022, 0.4% higher than Q1, 2022. The rising price trend is likely due to the delays in construction of Build-To-Order (BTO) flats and the buying preference for larger HDB flats. Transactions fell for the third consecutive quarter by 1.7% to 6,819 in Q2, 2022. Analysts attribute the fall in resale transactions to the June school holiday, launch of BTO and Sale of Balance Flats in May, and rising interest r

Singapore's private home prices rose by 3.5% in Q2, five times the increase in the previous quarter. The private residential property price index increased to 180.9 in the second quarter, up from 174.8 in the preceding quarter. Resale transactions accounted for about 62.2% of all sale transactions in the second quarter. There were 4,236 resale transactions in the last quarter, compared to 3,377 units in the preceding three months. The number of non-landed homes excluding exec

New home sales cooled in June, falling to 488 units from May’s 6-month high of 1,355 units, excluding executive condominiums (ECs). This represents a 44% fall from June 2021, and the lowest June sales since 2015. Including ECs, sales dropped 63.9% from 1,375 units to 496 units on the month. In total, 397 units were launched in June 2022, with 349 in the CCR, 48 in the OCR and 0 in the RCR. Analysts attribute the low sales to the June school holiday, and the dwindling stock of

High take-up rate for new private homes in May 2022. Prices of new homes appear to be on the rise. New private home sales more than doubled in May and also hit a 6-month high as monthly figures have been hovering around 600 units since cooling measures were introduced in December last year. Developers in Singapore sold 1,356 new homes last month, up 105.5% from April’s 660 units. The spike in sales was mainly attributed to the strong take-up rate (nearly 80%) of 2 major launc

New home sales seem to have stabilised, after the recent cooling measures introduced in December 2021. Month-on-month, the number of new homes sold to foreign buyers has also seen a marked increase. Sales of new private homes seem to have stabilised after cooling measures were implemented at the end of last year. Excluding executive condominiums (ECs), developers sold 653 units in April, about the same as the 654 units sold in March. Most of these were in the Rest of the Cen

In an earlier issue, we provided a brief introduction on the 11 new major infrastructural developments that will be happening on our Little Red Dot over the next 8 years. This issue details out one of them – the North-South Corridor. “Touching Lives, Connecting People Through Real Estate.” PAULINE CHUA Senior Marketing Director ERA Realty Network Pte Ltd Mobile: 8692 7272 WhatsApp: wa.me/6586927272 Website: www.paulinechua.com #PaulineChuaRealEstate #SingaporeRealEstate #prop

Personal factors are factors that centre around your intention, readiness and willingness to proceed with your property purchase. Below is a list of questions that we may address when considering a property purchase. Essentially, these are questions pertaining to the 5W1H – Why, What, Where, Who, When and How. “Touching Lives, Connecting People Through Real Estate.” PAULINE CHUA Senior Marketing Director ERA Realty Network Pte Ltd Mobile: 8692 7272 WhatsApp: wa.me/6586927272

PRIVATE RESIDENTIAL PROPERTY MARKET Private home prices rose by 0.7% for the eighth consecutive quarter to hit a historical high, albeit at a slower pace as December's property cooling measures took effect amid rising interest rates and the fallout from the Russia-Ukraine conflict. Overall, private home prices have surged 14.9% since they hit bottom at the start of the pandemic in the first quarter of 2020. Prices and sales may pick up in the second quarter with new launches

Month-on-month, the number of new homes transacted dipped by 22.5%, against a gloomy backdrop of geopolitical tension. February’s performance was further defined by the latest cooling measures, Chinese New Year lull period and declining housing supply. Given that property is still considered a safe haven investment in Singapore, and a record volume of HDBs that will attain their minimum occupation period this year, analysts expect that the sale of new homes will pick up despi

BUDGET 2022: How Will Changes In Income & Property Tax Rates Affect Property Buyers & Investors? Apart from the increase in GST and tax on luxury cars, the increase in income tax rate and property tax rate is likely to be the most talked about subject after details of the Budget 2022 were announced by Finance Minister Mr Lawrence Wong on 18 February 2022. This issue of Property Properly takes a closer look at these tax rate changes. “Touching Lives, Connecting People Through

Month-on-month, the number of new homes launched took a 54% plunge while the number of new homes transacted inched upwards by 3.5%. Analysts project overall private residential prices to increase by up to 3% this year, considering the new cooling measures and probable interest rate hikes. Sales of new private homes could reach 9,000 to 10,000 units in 2022, amid fewer launches in the pipeline. New private home sales were stable in January despite fewer launches during the mon

Month-on-month, the number of new homes launched took a 70% plunge while sales of new homes dropped 58%; Prices of new homes appear to be stabilising; Impact of the latest cooling measures is likely to be more defined in the following months. December saw a strong take-up rate of new homes despite a sharp decline in the number of new homes launched. A total of 383 new homes were launched in December, a 70.1% plunge from the 1,283 units put in the market in November. The outsi

Sales of new private homes five-month high in November; Market sentiment currently strong but transient adjustment in demand is anticipated following the latest cooling measures. A total of 1,547 new private homes were moved in November 2021, up nearly 70% from 911 in October 2021. Year-on-year, this represents a 100% increase from the 774 sold in November 2020. So far, new home sales for this year - 12,467 units have already exceeded the whole of last year's sales of 9,982.

Sales of new private homes bounced back in October, after two months of consecutive declines; Market Sentiment remains strong. A total of 909 private condo units moved last month, up 9% from 834 units in September. Year-on-year, this represents a 39% increase from the 654 units sold in October last year. There were 661 new homes put on the market last month, three times more than the 210 units launched in September. This represents a 39% increase from the 423 units a year ago

The Ministry of National Development has on Oct 26, announced the introduction of the Prime Location Public Housing (PLH) model, aimed at keeping prime HDB flats affordable and inclusive. PLH flat owners will be required to pay a percentage of the resale price to HDB when they resell their home on the open market for the first time. This will apply only to those who bought the flat from HDB and not to subsequent resale transactions. The rationale for this is because all subsi

New Private Home Sales fell for second consecutive month in September 2021 as Developers delayed launches; Market Sentiment remains strong with new price highs. A total of 834 new private homes were moved in September 2021, down 31% from 1,216 in August 2021. This represented a 37% year-on-year decrease from 1,329 in September 2020. Including Executive Condominiums, a total of 1,296 new homes were transacted, down 2% from August 2021. This represented a 6.4% year-on-year decr

HDB Resale prices hit an all-time high for a consecutive 6th quarter after growing 2.7% in Q3, 2021, exceeding their previous peak in Q2, 2013 by 0.7 per cent. Year on year, prices are up by 12.3%. Paying cash over valuation (COV) for HDB resale flats is quite common in today’s market. There have been many instances where buyers are even willing to pay over $1 million for a resale flat. There were 67 such HDB flats sold this quarter, the most expensive of which was a five-roo

𝐍𝐞𝐰 𝐏𝐫𝐢𝐯𝐚𝐭𝐞 𝐇𝐨𝐦𝐞 𝐒𝐚𝐥𝐞𝐬 𝐕𝐨𝐥𝐮𝐦𝐞 𝐟𝐚𝐥𝐥𝐬 𝟐𝟒% 𝐚𝐟𝐭𝐞𝐫 𝐉𝐮𝐥𝐲’𝐬 𝐬𝐢𝐱-𝐦𝐨𝐧𝐭𝐡 𝐡𝐢𝐠𝐡; 𝐏𝐫𝐢𝐜𝐞𝐬 𝐫𝐞𝐦𝐚𝐢𝐧 𝐟𝐢𝐫𝐦. Including Executive Condominiums (ECs), new home sales fell by 24.2% month-on-month to 1,322 units in August, from 1,744 units transacted in July. The bulk of new home purchases fell the sharpest in the suburban Outside Central Region (OCR), where 827 units were sold, translating to 62.6% of total sales. The city fringe

21 August 2021 Singapore’s residential market rebounded the most in six months signaling the sector’s resilience as buyers anticipate pandemic restrictions easing. URA’s latest statistics revealed that purchases of new private units rose 82% to 1,589 in July, from 872 in June. This is the highest increase since January, when 1,633 homes were sold, and comes after sales dropped for three consecutive months through June due to tightened virus curbs. The jump is likely due to bu

15 August 2021 [Property Market - Private Residential (2Q 2021)] Similar to the HDB segment, the private residential property market is also experiencing an upward trend. The current situation where demand exceeds supply has resulted in rising prices of resale flats. This has triggered some home buyers to look into the private residential properties. Furthermore, owners of HDB flats are also taking advantage of the high prices of HDB resale flats and cashing out to upgrade to