Madeline Chow Property at Propnex

26/05/2022

https://www.straitstimes.com/business/property/more-singapore-property-developers-expect-prices-of-new-launches-to-go-up-survey

Rising construction costs have joined rising inflation and interest rates as risks to the property market. . Read more at straitstimes.com.

12/05/2022

https://www.businesstimes.com.sg/real-estate/condo-hdb-rents-hit-new-peaks-in-april-with-reopening-likely-to-keep-market-tight?fbclid=IwAR0I6JuoxrLALISuyzz45apfEXqBQ1oxbaSBXmKCq2wCoWRxE8975_HHrfA

RESIDENTIAL property rentals hit their highest levels in April, surpassing their last peaks in 2013, with rents expected to keep rising as Singapore reopens and foreigners return to work here. Read more at The Business Times.

04/05/2022

https://www.straitstimes.com/singapore/property-rental-prices-likely-to-stay-high-this-year-as-construction-costs-continue-to-rise?utm_campaign=stfb&utm_medium=social&utm_source=facebook&fbclid=IwAR1mBmgxQ_NWMG9NU_UZISGqWYaJOkURocMlRPIKUwXaQTlcAaXaNcvX9nY

Manpower woes persist despite reopening of borders, forcing firms to find ways to cope. . Read more at straitstimes.com.

15/02/2022

*🔴 LATEST: Release by URA Figures for JANUARY 2022 New Homes. Customise your own Infographics!*

✨ Developers sold 673 new private homes (excluding executive condos) in January 2022, up by 3.5% from 650 units transacted in the previous month – providing some indication that there is still a healthy underlying demand in the market. Last month’s up-tick in sales is encouraging in view of the potential drag from the new cooling measures and limited launches. Only two projects were put on the market in January – 107-unit strata-landed project Belgravia Ace and a 16-unit boutique development, Ikigai.

*✅Read full insights here from our Press Release:* https://www.propnex.com/news-details/4911/673-new-private-homes-sold-in-january-2022-sanguine-about-outlook-ahead

13/02/2022

28/01/2022

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28/01/2022

🔴 *LATEST: Release by URA Figures for PropNex Residential Q4 2021. Customise your own Infographics!*

✨ In Q4 2021, 4,748 resale homes were transacted, while developers sold 3,018 new private homes (ex. EC). These took 2021 new sales and resales to multi-year highs of 13,027 and 19,962 respectively. Overall private residential prices rose by 5% QOQ in Q4 2021. For the full-year 2021, private home values jumped by 10.6% - the highest annual price growth since 2010.

In the the HDB resale market, 7,940 flats were resold in Q4 2021 - bringing the 2021 resale volume to 31,017 units. This is the highest annual resale volume since 2010, where 32,257 resale flats were sold. Meanwhile, HDB Resale prices scaled new high, increasing by 3.4% QOQ in Q4 and 12.7% for the whole of 2021