Residential Property
Condo launches drive rebound in private new home sales rebound
Private new home sales surged
Home purchases by foreigners slightly increases in November
Fourteen foreigners purchased a residential property last month.
Developer sales soar by 286.2% MoM to 787 units in November
November saw the highest number of units launched for sale since July 2023.
Softer price increases in new private homes, resale HDB flats seen next year
HDB resale price growth will likely slow to 4-5% in 2024.
Private home rentals to rise by 11%-12% in 2023
Next year, prices could grow by 6%-8%.
Demand for BTO flats in December launch lacklustre amid tightened non-selection rules
Application rate settled at 2 times the 6,057 flats on offer.
Decline in EP holders slows demand for private residential homes in 2H23
As of June 2023, EP holders only increased by 10,000, lower than the 25,600 uptick in 2022.
Private rents seen sliding by 5% in 2024: analyst
HDB flats, meanwhile, will still see rental growth next year.
Developers seen tapering bids as gov’t bumps up land sales programme
Sites up for sale include seven private residential sites, an EC plot, a long-stay serviced apartments site and a mixed-use one.
HDB resale transactions to be muted in December: experts
Experts cite two factors for the slowdown.
Gov’t ramps up private housing supply on Confirmed List to 5,450 units
This marks the highest housing supply on the confirmed list since 2H13.
HDB resale prices rise 0.4% MoM in November
Year-on-year, prices rose by 5.4%.
HDB launches over 6,000 flats for December 2023 BTO exercise
Four of the projects have a waiting time of four years.
Analysts mixed on December BTO exercise
HDB launched 6,057 new BTO flats for sale.
Hotel average room rate dips 2.6% YoY in October
REVPAR fell in the same month.
2024 launches to yield up to 8,800 units
The 2024 figure will be 15.8% higher than units launched in 2023.
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