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PRIVATE NEW HOME SALES

Excerpt from our February 2025 Monthly Private New Home Sales Report.

Mass market new home sales led the way, posting 9-year high sales in February 2025 on robust demand at Parktown Residence and ELTA

Developers’ sales continued to swell in February, with 1,575 units (ex. EC) sold in the month– up by 45% from January. Meanwhile, sales were up by more than 10 times from 153 units transacted in February 2024.

Newhomesales in February were led by the Outside Central Region (OCR) where 1,452 new units (ex. EC) were sold.

To read the report above in more detail, download report

Archives:
Sales Analysis January 2025
Sales Analysis December 2024
Sales Analysis November 2024
Sales Analysis October 2024
Sales Analysis September 2024
Sales Analysis August 2024
Sales Analysis July 2024
Sales Analysis June 2024
Sales Analysis May 2024
Sales Analysis April 2024
Sales Analysis March 2024
Sales Analysis February 2024
Sales Analysis January 2024

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Excerpt from the PropNex Residential Report Q4 2024

In Q4 2024, private home prices picked up after a brief decline in the previous quarter. The stronger prices came amid a rebound in home sales due to the unprecedented slew of project launches in November, which saw more than 2,500 new units (excl. ECs) being sold during the month.

URA’s flash estimates showed that overall private home prices grew by 2.3% QOQ in Q4, reversing the 0.7% QOQ decline in Q3 2024.

To read the report above in more detail, download report Propnex 4Q 2024 Report
and Annex, download report Propnex 4Q 2024 Residential Report Annex

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2024 RESIDENTIAL PROPERTY MARKET OUTLOOK REPORT

PropNex Research’s latest outlook report for projections of the Singapore residential market in 2024.

Much of the uncertainties that raised caution in the market in 2023 are expected to persist into 2024, at least in the first half of the new year. Geopolitical tensions, macroeconomic headwinds, rising costs and high interest rates will continue to influence housing demand and risk appetite. Where interest rates are concerned, there is a likelihood that they may stabilise further, with some observers predicting the US Federal Reserve could start to trim rates from June 2024.

In addition, the Monetary Authority of Singapore has in October 2023 said that the Singapore economy is projected to improve gradually in the second half of 2024, and that Q3 2023 “likely marked the turning point in the slowdown”. Meanwhile, the labour market remains tight and unemployment rate is low which will help to support the housing market.

To read the report above in more detail, download report

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PRESS RELEASE

Latest infographics & analysis on the newly announced Q1 2023 Private and HDB Resale Market data

Private home prices have grown by 3.3% for Q1 2023. Meanwhile, HDB Resale prices have also grown by 1.0% for Q1 2023. PropNex predicts 27,000 to 28,000 HDB resale flats to be sold for 2023.

Check out our full analysis here

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Excerpt from the PropNex GCB & PRESTIGE LANDED Report for 1H 2024.

Sales activity of landed homes remained relatively resilient, as buyers shake off market uncertainties and the still-high interest rates to pick up private landed residential properties. There were 681 landed home transactions overall - totalling $3.7 billion – in 1H 2024 (till 8 June), looking on track to better the performance in 2H 2023, as well as 1H 2023. The improvement in sales is seen to have supported landed home prices.

The Good Class Bungalow (GCB) segment was also livelier in 1H 2024, with more big-ticket deals being reported – about nine deals worth about $219 million were recorded, based on caveats lodged.

To read the report above in more detail, download report

Archives:
Propnex 2H 2023 GCB & Prestige Landed Report
Propnex 1H 2023 GCB & Prestige Landed Report
Propnex 2H 2022 GCB & Prestige Landed Report
Propnex 1H 2022 GCB & Prestige Landed Report

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COMMERCIAL & INDUSTRIAL

Excerpt from the Q1 2024 Shophouse Report

Shophouse transactions were still relatively muted in the quarter, amid the cautious market sentiment, mismatch in pricing expectations, and tighter due diligence checks likely dragging out the sales process. However, market observations indicate that investment interest in commercial shophouses remains keen.

To read the report above in more detail, download report Propnex 1Q 2024 Shophouse Report.
and Annex, download report

Archives:
Propnex 4Q 2023 Shophouse Report
Propnex 4Q 2023 Shophouse Report Annex
Propnex 3Q 2023 Shophouse Report
Propnex 2Q 2023 Shophouse Report
Propnex 3Q 2023 Shophouse Report
Propnex 4Q 2022 Shophouse Report
Propnex 4Q 2022 Shophouse Report Annex
Propnex 3Q 2022 Shophouse Report
Propnex 3Q 2022 Shophouse Report Annex
Propnex 2Q 2022 Shophouse Report
Propnex 2Q 2022 Shophouse Report Annex
Propnex 1Q 2022 Shophouse Report
Propnex 1Q 2022 Shophouse Report Annex

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Excerpt from the PropNex Commercial Report Q4 2024

Office market investment sales regained some momentum in Q4 2024, after a brief slowdown in Q3 -- driven by a flurry of strata office transactions during the quarter including One Sophia, an upcoming mixed-use development which injected a fresh supply of new strata office units into the market. Despite a pick-up in office investment sales, office prices and rentals eased in Q4 2024.

To read the report above in more detail, download report
Archives:
Propnex 3Q 2024 Commercial Report
Propnex 3Q 2024 Commercial Annex
Propnex 2Q 2024 Commercial Report
Propnex 2Q 2024 Commercial Annex
Propnex 1Q 2024 Commercial Report
Propnex 1Q 2024 Commercial Annex
Propnex 4Q 2023 Commercial Report
Propnex 4Q 2023 Commercial Annex
Propnex 3Q 2023 Commercial Report
Propnex 3Q 2023 Commercial Annex
Propnex 2Q 2023 Commercial Report
Propnex 2Q 2023 Commercial Annex
Propnex 1Q 2023 Commercial Report
Propnex 1Q 2023 Commercial Annex
Propnex 4Q 2022 Commercial Report
Propnex 4Q 2022 Commercial Annex
Propnex 3Q 2022 Commercial Report
Propnex 3Q 2022 Commercial Annex
Propnex 2Q 2022 Commercial Report
Propnex 1Q 2022 Commercial Report
Propnex 1Q 2022 Commercial Annex
Propnex 4Q 2021 Commercial Report
Propnex 3Q 2021 Commercial Report