1. The latest HDB flash estimates for the fourth quarter of 2024, released on Jan 2, showed a quarter-on-quarter increase of 2.5% in resale flat prices, slightly lower than the 2.7% q-o-q growth in the previous quarter. This marks the 19th consecutive quarter of price increases in the HDB resale segment.2. According to Christine Sun, chief researcher and strategist at OrangeTee Group, the flash estimates indicate a 9.6% price increase in 2024, which is double the growth in 2023 but slower than the 10.4% increase in 2022 and the 12.7% growth in 2021.3. Despite the overall price growth, data from data.gov.sg downloaded on Jan 2 at 8.15am, showed a slowdown in price growth for certain flat types. For instance, the median price for four-room flats saw a quarter-on-quarter increase of 2.5% in 4Q2024, a slower pace than the 3.4% growth in 3Q2024. Similarly, two-room flats saw a 2% q-o-q increase …

Roxy-Pacific Holdings, a renowned property developer, is all set to offer a preview of its latest development, Bagnall Haus, on January 4, 2020. The freehold project, located along Upper East Coast Road, was redeveloped from the former Bagnall Court which was acquired by Roxy-Pacific in February 2023 for a staggering $115.28 million. This amounts to a land rate of $1,106 psf ppr.

The new low-rise development features a five-storey block with a total of 113 apartments and two shop units. The units are a mix of one-bedroom plus flexi, ranging from 495 sq ft to five-bedroom apartments of 1,528 sq ft. Prices for the property will start from $1.235 million, with a rate of $2,495 psf, for one-bedroom plus flexi units. Executive Chairman of Roxy-Pacific Holdings, Teo Hong Lim, reveals that the average indicative price for the development will hover around $2,450 psf. The official launch date will be announced …

The Orie, a 777-unit private condo developed by City Developments Limited (CDL), Frasers Property and Sekisui House, will be previewed on Friday, Jan 3, with an official launch on Jan 18.Located at Lorong 1 Toa Payoh, the private condo is situated at the intersection with Lorong 4 Toa Payoh. Twin 40-storey towers will house the 777 units, which range from one-bedroom plus study apartments measuring 517 sq ft to five-bedroom apartments measuring 1,453 sq ft.The prices of the units are as follows:$1.28 million ($2,476 psf) for a 517 sq ft one-bedroom plus study,$1.48 million ($2,500 psf) for a 592 sq ft two-bedroom,$2.09 million ($2,459 psf) for an 850 sq ft three-bedroom,$2.92 million ($2,401 psf) for a 1,216 sq ft four-bedroom, and$3.48 million ($2,395 psf) for a 1,453 sq ft five-bedroom with exclusive private lift.Search for the latest New Launches, for information on transaction prices and available unitsAdvertisementAdvertisementThe Orie marks the …

Effective January 1, 2022, ERA Singapore will be making changes to one of its longstanding practices. For the past seven years, the company has covered the annual license renewal fees for its real estate agents as a gesture of goodwill. This practice has remained in place even during the challenging times of the COVID-19 pandemic, demonstrating ERA’s unwavering support for its agents.

However, in a recent statement, ERA announced that it will no longer be covering the license renewal fees for its agents. Instead, the company will be reallocating these funds towards initiatives that will enhance the growth and success of its market-leading salesforce and ultimately benefit consumers.

Despite this change, ERA will continue to support new agents by covering their renewal fees for the first two years. This is a common industry practice that is aimed at helping newcomers establish themselves in the competitive real estate market.

This decision …

On January 1, real estate agency SRI announced that 111 agents from Knight Frank Singapore’s agency business, KF Property Network (KFPN), had joined the firm. These agents, including KFPN’s head Evan Chung, accounted for 40.5% of KFPN’s sales force of 274, making SRI the fifth-largest property agency with 1,286 agents. The addition of 111 agents from KFPN, along with recruits from the four largest agencies – PropNex, ERA, Huttons, and OrangeTee & Tie (OTT) – has increased SRI’s agency sales force to 1,501 at the start of 2025.

Co-founded by managing partners Bruce Lye and Benson Koh in 2016, SRI is a spin-off from SLP Realty’s SRI5000 division. It began with 120 agents working out of a 2,000 sq ft shop unit on Eng Watt Street in Tiong Bahru. As the sales force grew to over 1,000, SRI moved to a 4,200 sq ft office space at Great World in …

​Next year, 2025, will see the introduction of three new executive condominiums (ECs), with Sim Lian Group’s Aurelle of Tampines leading the pack. This 760-unit development, situated at Tampines Street 62, is set to launch in the first quarter of the year, most likely after the Lunar New Year. This launch follows the immense success of the Emerald of Katong, a 846-unit development, which is now over 99% sold.

The site for Aurelle of Tampines is situated at Tampines Street 62 (Parcel B) and was acquired by Sim Lian Group for $543.28 million during the government land sales (GLS) tender in October 2023. This translates to a price of $721 per square foot per plot ratio (psf ppr).

With the rising costs of construction and the harmonisation of gross floor area (GFA) definitions, PropNex CEO Ismail Gafoor predicts that Aurelle of Tampines could potentially set a new price benchmark, surpassing …

Ardmore Park, the luxury condo located in the prestigious Ardmore-Draycott enclave of prime District 10, recorded some of the largest gains in resale transactions throughout 2024. Based on caveats lodged with the URA as of December 17, it accounted for the top, second and fourth most profitable condo resale deals this year.

The most profitable transaction was a four-bedroom unit on the 26th floor of Ardmore Park, which sold for $12.9 million ($4,472 psf) on February 16. This unit measures 2,885 sq ft and was originally purchased from the developer for $5.83 million ($2,022 psf) in July 1996. This resulted in a profit of $7.07 million, a 121% gain after holding the unit for about 27 and a half years.

The second-largest gain was recorded on July 24, when another four-bedroom unit measuring 2,885 sq ft on the 18th floor of Ardmore Park changed hands for $12 million ($4,160 psf). …

In the exclusive world of the ultra-rich, the market for Good Class Bungalows (GCBs) has shown significant growth this year compared to the previous year, according to Han Huan Mei, the director of research at List Sotheby’s International Realty. As of December 20, there have been 22 GCB transactions totaling $612.05 million, and another 13 deals worth over $700 million completed without caveats lodged, as buyers sought anonymity. This brings the estimated total for 2024 to 35 GCB transactions worth around $1.32 billion, exceeding the previous high of $1.186 billion achieved in 2022. In contrast, there were only 18 GCB transactions in 2023, amounting to $432.5 million, the lowest number of deals recorded since URA Realis began tracking such data in January 1995.

“The additional deals in 2024 show that the GCB market has been more active compared to official transaction data,” says Han. “It also confirms the status of …

Singapore’s property market saw a significant increase in capital market property deals, reaching a total estimated value of $25.8 billion between January and November this year. This is according to Wong Xian Yang, head of research for Singapore & Southeast Asia at C&W. This marks a 40.2% year-on-year increase from the $18.4 billion recorded in 2023. C&W defines capital market transactions as deals with values exceeding $10 million.

According to Wong, the second half of 2024 saw a surge in investor appetite, fueled by increased confidence in interest rate cuts by the US Treasury. As a result, almost 60% of the capital market deals were transacted in the second half of the year. Three deals exceeding $1 billion were made in 2024, all of which were transacted in the second half of the year.

The highest-value transaction by absolute price was the sale of a 50% stake in ION Orchard …

Singapore’s retail property market is projected to experience a slowdown in rental growth by the end of the year due to weaker-than-expected consumer spending. According to Alan Cheong, executive director of research and consultancy at Savills Singapore, consumer spending has been relatively weak in 2024, with most monthly retail and F&B sales experiencing negative year-on-year changes.

Cheong predicts a 2% increase in rents for prime Orchard Road properties by the end of the year, which falls short of the initial forecast of 3% to 5% growth by Savills at the beginning of the year. The rental forecast for suburban retail properties remains flat, in line with the initial projection.

However, recent research by DBS and Singapore Management University (SMU) shows that consumer concerns over inflation have mostly subsided in the last few quarters. The research, conducted by SMU’s Sim Kee Boon Institute for Financial Economics (SKBI), suggests that most Singaporeans …