Residential Property
PropNex earnings drop 13.8% to $19m in H1 2024
PropNex earnings drop 13.8% to $19m in H1 2024
There were fewer private resale launches during the period.
Sinarmas Land's net profit up 7.4% in H1 2024
Profit attributable to shareholders fell 18.7%.
Why Singapore rents are falling
In H1 2024, rents fell by 4.5% HoH and 5.6% YoY.
Singapore's capital value growth weakens amidst new launch scarcity
It ranked 23rd globally for strongest residential capital growth.
New private residential launches fall to lowest level since Q4 2022
In Q2 2024, launches contracted by 73.3% YoY
Families moving to Singapore push housing and utility costs higher
The most affordable housing in Singapore costs an average of $532,768.
Private residential leasing volume up 3.1% YoY in Q2
The non-landed property segment saw a 1.9% quarterly increase.
FOMO from limited supply drive HDB resales to 13-year high
Pent-up demand from June and ghost month fears may have also driven sales.
Strata industrial sales recover in Q2 2024
Thanks to the 513 transactions in the second quarter.
Million-dollar flat transactions hit all-time high again
HDB resale transactions posted the highest volume since June 2010
Hong Lai Huat Group expects net loss for H1 2024
Last year saw a slimmer loss versus 2022's.
Singapore resale home market soars 41.4% in Q2 2024
This is the highest quarterly sales since Q2 2022.
Luxury home sales rise in Q2 amidst lower rental rates
Lower luxury non-landed sales expected in H2.
Developers weigh costs and demand over location and attributes in bids
The shift was evident in the scant two bids for the Margaret Drive site.
HDB rental market may face a downturn in H2
Leasing volumes to fall to 36,500–38,000 units in 2024.
CBRE strengthens ESG services with Paia Consulting acquisition
The consulting firm’s leadership will assume key roles at CBRE.
Expert raises 2024 growth forecast for HDB resale prices to 7%-8%
Demand for resale flats is likely to remain robust for the remaining months.
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