Let's take a look at the report by Huttons Data Analyst.
The private residential market was stable in 2Q 2024, with prices increasing by 0.9%, moderating from the previous quarter gain of 1.4%. The resale market drove over 75% of transactions, while new home prices stayed steady. Transaction volumes rose by 16.2% in 2Q 2024 to 4,915 units, up from 4,230 in 1Q 2024.
Developers launched only 634 units for sale in 2Q 2024, due to the launch of smaller non-landed projects, such as 32 Gilstead, Jansen House, Skywater Residences, Straits at Joo Chiat, The Hill @ one-north and The Hillshore. However, developers’ sales volume of 725 units is higher than the number of units launched, reflecting the robust demand for new homes. The top 3 districts with the highest developers’ sales are District 23, 26 and 15.
There may be up to 15 launches with a total of 5,738 units in 2H 2024. Developers may sell up to 5,500 new homes while prices are expected to be stable, increasing up to 4% this year.
Want to know more about what suits you best? Let’s have a detailed discussion! Get in touch with me via whatsapp or the contact us page today!
Comments