Residential Property
HDB resale transactions to be muted in December: experts
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.
Mixed reception seen in three land sales on Zion Road, Upper Thomson Road
URA officially pilots long-stay serviced apartments.
2024 launches to yield up to 8,800 units
The 2024 figure will be 15.8% higher than units launched in 2023.
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.
Landlords to face reduced rental income amidst looming property tax hike
For buyers, on the other hand, the tax increase may be management, said experts.
Gov't to offer rebates for owner-occupied residential properties amidst looming tax hike
The property tax will increase on 1 January 2024.
Government to pilot long-stay serviced apartments
The minimum stay for the new type of serviced apartments will be three months.
How will the new sale residential market perform in 2024?
There may be 38 launches next year.
Tengah Plantation Loop site to attract 5-7 bidders
Huttons estimates the top bid to be in the $690 psf ppr to $730 psf ppr range.
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