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AsianPrime Insights
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September 2023 Newsletter
Highlights of the Month:
- Private home sales soared in July due to the launch of four key projects
- Introducing New Classification of HDB Properties, Prime, Plus and Standard
October 2023 Newsletter
Highlights of the Month:
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July 2023 Newsletter
Highlights of the Month:
- New private home sales in Singapore increased by 17% in May 2023
- New home sales expected to decrease in June due to the lack of project launches and ongoing school holidays
August 2023 Newsletter
Highlights of the Month:
- The three-year surge in private home prices halts, declining by 0.2 percent in Q2.
- Foreigners need approval to purchase ‘Commercial & Residential’ sites.
May 2023 Newsletter
Highlights of the Month:
- New home sales rose for the third conservative month in March 2023
- New property cooling measures implemented.Singaporeans who purchase 2nd residential property to pay 20% ABSD
- 99:1 property scheme revealed
June 2023 Newsletter
Highlights of the Month:
- Introduction of the HDB Flat Eligibility (HFE) scheme, streamlining the process of buying HDB flats from May 9, 2023.
- Spotlight on overseas developments, including properties like LUMIÈRE Boulevardand The Global City in Vietnam.
March 2023 Newsletter
Highlights of the Month:
- Private residential unit sales bounce back in January, but still down 42.8% YoY. Only 550 new private homes, including Executive Condominium (EC) were sold.
- Data showed that an estimated 519 units were resold in January, a 22.6 per cent decrease from the 671 units resold the month before.
April 2023 Newsletter
Highlights of the Month:
- Despite the increase in Buyer's Stamp Duty (BSD) effective from February 15, demand for pricier residential properties remained unaffected.
- In February, a higher proportion of all non-landed new home sales were of pricier units, particularly in the prime district and city fringe.
January 2023 Newsletter
Highlights of the Month:
- New home sales in November were sluggish due to the absence of significant project launches, with developers introducing only 319 housing units.
- Resale condominium unit prices rose for the 28th consecutive month in November.
February 2023 Newsletter
Highlights of the Month:
- Property developer sales in 2022 decreased by 45.1% compared to 2021, with an estimated 7,153 private housing units sold in the primary market.
- Resale activity in December 2022 saw an estimated 661 units resold, marking a 14% decline from November 2022.
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