Residential Property
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.
Mixed reception seen in three land sales on Zion Road, Upper Thomson Road
URA officially pilots long-stay serviced apartments.
Prices of private homes to rise modestly in 2024: expert
OrangeTee said there will be a moderate rise in new home sales next year as well.
Centurion disposes 2 worker accommodation assets in Malaysia for $65.1m
Malaysia’s public sector pension fund acquired the two assets.
Million-dollar HDB flat sales set to exceed 450 in 2023
The 2023 sales will be about 25% higher than 2022’s sales.
HDB resale price growth to slow as public housing classification rehaul kicks off
Prices to slow to 5% this year following the 10.4% spike in 2022.
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