Residential Property

The winning bid was $348.5m.

The minimum investment amount in one of the properties is $200,000.

A total of 54 HDB resale flats were sold for at least $1m during the month.

Month-on-month, prices rose by 0.6%.

The city has the highest rental value in the index.

Developers may bid cautiously due to recent tepid responses to GLS tenders, experts warned.

In 1H23, luxury apartments’ sales value dropped to $964.67m. . The ABSD rate hike in April led to the sales slump in the luxury apartments market.

CBRE cited three factors affecting sales of GCBs.

Rates rose for commercial and hospitality properties but declined for residential.

Majority of agents in the list are experts on the residential market.

OCR rents rose 1.6% QoQ in July, whilst CCR only saw a 0.7% QoQ uptick.

Homebuyers want homes that they can customise to meet their multifaceted needs.

An expert said capital will cascade into “alternative” sectors next year.

The government will implement the new flat classification in 2H24.

OCR posted highest price increase with 9%.

Private residential transactions have dropped 1.9% QoQ in 2Q23.