Research
December 2024 Developer Sales Report: Holiday Downtime Slows New Private Home Sales to a Crawl
In total, December saw 203 new private homes (excluding ECs) sold, representing a 92.1% month-on-month (m-o-m) downtick over November’s performance (2,560 units sold). This contraction
Shophouse Demand Plummeted to a 26-year Low: Will it Revive in 2025 Despite Geopolitical Uncertainties?
Based on URA’s lodged caveats, landed shophouse transactions fell to 28 deals worth $229.3 million in 2H 2024, down from 39 transactions totalling $365.3 million
Singapore Residential Market Finishes Strong In 4Q 2024
Is recovery on the horizon for the 2025 residential market? Despite getting off to a slow start in the early 2024, Singapore’s residential property market
HDB Resale Prices Peaked Amid Sustained Demand in 2024
2024 was a bumper year for the HDB resale market The Housing and Development Board (HDB) resale market saw continued price growth, reaching an all-time
November 2024 Developer Sales Report: New Home Sales Skyrocket Amid Year-End Launch Frenzy
In total, November saw 2,557 new private homes (excluding ECs) sold, representing a 246.5% month-on-month (m-o-m) uptick over October’s performance (738 units sold). Year-on-year (y-o-y),
3Q 2024 Industrial Property Market: All Factory Prices Rose Despite Fewer Transactions
Economic Overview Based on advance estimates, the Ministry of Trade and Industry (MTI) announced that the Singapore economy grew by 4.1% year-on-year (y-o-y) in 3Q
October 2024 Developer Sales Report: Recovery of New Sale Market Led by More Launches
In total, October saw 738 new private homes sold, representing a 84.0% month-on-month (m-o-m) uptick over September’s performance (401 units sold). Year-on-year (y-o-y), new private
3Q 2024 Rental Report: Private Property Rents Recover, But Future Growth Uncertain as Completions Rise and Tenants Turn Cautious
Private home rents rose marginally in 3Q 2024, along with rental transaction volumes. However, it remains to be seen if rental growth will sustain amid
September 2024 Developer Sales Report: First Fed Rate Cut in Four Years Boosts Buyer Sentiment and Private Home Sales
In total, September saw 401 new private homes sold, representing a 92.8% month-on-month (m-o-m) uptick over August’s performance (208 units sold). Year-on-year (y-o-y), new private
3Q 2024 URA Private Residential Quarterly Report: Prices Inch Downwards As Buyers Stay Cautious
Figures are based off the official flash estimates for URA quarterly statistics, released on 1 Oct 2024. Weaker buyer sentiment has led to lower transaction
3Q 2024 HDB Quarterly Report: Resale Prices Trend Upward Supported by Robust Demand
Figures are based off the official flash estimates for HDB/URA quarterly statistics, released on 1 Oct 2024. Continuing the trend of moderate price growth for
The Fed’s Interest Rate Cut is Good News for Singapore Homeowners – Here’s Why
The Federal Reserve (Fed) has finally cut interest rates after keeping them elevated over a prolonged period. On 18 September 2024, the Fed announced a