Author name: jomejourneywebsite@gmail.com

Comments From Propnex On The Temporary Relaxation Of Occupancy Cap For Residential Leasing From 2024 To 2026

20 December 2023, Singapore – The government has today announced that it will temporarily relax the occupancy cap for the rental of larger HDB flats and private homes from 22 January 2024 to 31 December 2026 to better meet leasing demand. The measure will see the occupancy cap for larger residential properties to be temporarily raised …

Comments From Propnex On The Temporary Relaxation Of Occupancy Cap For Residential Leasing From 2024 To 2026 Read More »

Melrose Drive Detached House In District 13 Put Up For Sale Via Tender For A Guide Price Of $16.8 Million

19 December 2023, SINGAPORE – PropNex Realty, Singapore’s largest real estate agency has today announced that a freehold detached house in Melrose Drive in Serangoon will be put up for sale via tender for a guide price of $16.8 million on 20 December 2023. The indicative sale price works out to $1,185 psf based on a …

Melrose Drive Detached House In District 13 Put Up For Sale Via Tender For A Guide Price Of $16.8 Million Read More »

New Home Sales More Than Tripled In November On Strong Demand For Fresh Launches; Growth Seen Across All Segments

15 December 2023, Singapore – Developers’ sales more than tripled from October to November, as strong demand for fresh project launches supercharged new home sales following three months of muted transaction volumes. In November, 784 new private homes (ex. EC) were sold – surging by about 286% MOM from the 203 units shifted in the previous month. On …

New Home Sales More Than Tripled In November On Strong Demand For Fresh Launches; Growth Seen Across All Segments Read More »

Government Further Increased Housing Land Supply In 1H 2024; Highest Confirmed List Supply In A Single GLS Programme Since 2H 2013

6 December 2023, SINGAPORE – The government has today announced its public land sales slate for the first half of 2024 (1H2024), which features the largest housing supply on the Confirmed List in a single government land sales (GLS) programme since the second half of 2013. This also is the seventh consecutive increase in the Confirmed List land …

Government Further Increased Housing Land Supply In 1H 2024; Highest Confirmed List Supply In A Single GLS Programme Since 2H 2013 Read More »

New Home Sales Subdued In October But Set To Rebound In November As New Launches Inject Buzz

15 November 2023, Singapore – Private new home sales remained subdued in October, extending the slow sales in recent months. Developers sold 203 new homes (ex. EC) in October, marking a 6.5% decline from the 217 units shifted in the previous month, and sales were down by 35.4% year-on-year from 314 units sold in October 2022. The tepid …

New Home Sales Subdued In October But Set To Rebound In November As New Launches Inject Buzz Read More »

Moderate Growth in Home Prices in Q3 2023; Hesitant Buying Sentiment Amidst Uncertain Economic Outlook, High Interest Rates, and Impact of Property Cooling Measures

27 October 2023, SINGAPORE – Residential property prices grew at a moderate pace in Q3 2023, as cooling measures continued to bite and stronger buyer hesitancy amidst macroeconomic uncertainties and elevated interest rates. While still resilient, home sales and prices could face some pressure in the near-term given the choppy landscape owing to the ongoing conflict …

Moderate Growth in Home Prices in Q3 2023; Hesitant Buying Sentiment Amidst Uncertain Economic Outlook, High Interest Rates, and Impact of Property Cooling Measures Read More »

New Private Home Sales Fell To A 9-month Low In September 2023 As Market Sentiment Moderates

16 October 2023, Singapore – Developers’ sales remained tepid in September owing to a lack of major launches and the soft market sentiment. New private home sales (ex. executive condos) came in at 217 units, marking a 44.9% decline from the 394 units shifted in August and the second consecutive month of contraction in new sales volume. …

New Private Home Sales Fell To A 9-month Low In September 2023 As Market Sentiment Moderates Read More »

Slow Creep Upward In Private Home Prices And Hdb Resale Flat Prices In Q3 2023 As Market Sentiment Moderates: Flash Estimates

02 October 2023, SINGAPORE – Both the private residential property and HDB resale flat segments posted price growths QOQ in Q3 2023 – albeit relatively trim ones, according to the flash estimates published on Monday (2 October). Recent price trends continue to point towards a moderation in the housing sector, as the cooling measures work their …

Slow Creep Upward In Private Home Prices And Hdb Resale Flat Prices In Q3 2023 As Market Sentiment Moderates: Flash Estimates Read More »

Freehold Development Island View to Be Launched for Collective Sale at a Reserve Price of $575 Million

18 September 2023, SINGAPORE – PropNex Realty, Singapore’s largest real estate agency has today announced that a freehold development, Island View in Jalan Mat Jambol in Pasir Panjang will be put up for collective sale via tender on 19 September 2023 at a reserve price of $575 million (excluding land betterment charge). After including the latest …

Freehold Development Island View to Be Launched for Collective Sale at a Reserve Price of $575 Million Read More »

Developers’ Sales Fell In August Due To Muted Market Sentiment And Buyer Fatigue Amidst A Flurry Of Launches

15 September 2023, Singapore – Private new home sales (ex. executive condos) fell sharply from July to August owing to the muted market sentiment and as buyer fatigue set in amidst a flurry of new launches in recent months. Developers sold 394 new homes (ex. EC) in total in August – down by about 72% from …

Developers’ Sales Fell In August Due To Muted Market Sentiment And Buyer Fatigue Amidst A Flurry Of Launches Read More »

Scroll to Top