Residential
Singapore’s residential market suffers from a “near-term indigestion problem”: analyst
Singapore’s residential market suffers from a “near-term indigestion problem”: analyst
New launches in H2 2024 are 3.5x more than levels seen a year ago.
Singapore private home launches in Q2 hit record lows since Q4 2022
Launches slumped by 73.3% to 634 units.
Which submarket drove Singapore residential sales in July?
Nearly 80% of the sales came from suburban projects.
Singapore unsold private residential units hit 3-year highs in Q2
20,566 units remain unsold, the highest level since Q1/2021.
Singapore private home launches plummet 71.4% to 616 units in July
Developers hold prices firm as the level of unsold stock remains low.
Singapore private residential stock up 0.4% to 412,002 units in Q2
There were 1,882 newly completed units during the quarter.
Singapore non-landed residential rents drop for third consecutive quarter in Q2
The rental index dipped by 0.8% QoQ.
3 factors that prove Singapore residential rents are finally stabilising
Rents for 1- to 3-bedroom non-landed units fell 1.4% in Q2.
Singapore private home resale volume reaches two-year high in Q2
There were 3,802 resale homes transacted during the quarter.
Singapore private residential leasing grows by 3.1% to 20,326 units in Q2
This was driven by the non-landed property sector.
What were the top 5 projects with the highest leasing volume in Singapore in Q2?
Clinching the top spot was a project in the OCR with 179 transactions.
Singapore private home resale prices rise for fourth straight quarter in Q2
Prices increased by 1.1% during the quarter.
Hong Kong residential transactions drop 30% to 3,856 in June
Residential prices are not expected to rebound until the mortgage rate falls to about 3%.
Jakarta serviced apartment rents to increase by 1-2% by year-end
This is due to an influx of new supply in the second half of the year.
Singapore private home prices to increase by 3-4% this year
Prices rose by 2.3% in the first half of 2024.
Is Singapore’s residential leasing market finally stabilising?
Private home rents fell for the third straight quarter in Q2.
Singapore new private home launches plunge to a half-year low of 1,938 units in H1 2024
Launches slumped 73.3% to 634 units in Q2 alone.
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