2024 noticed a softening rental market, which was in line with expectations. This was a correction pursuing the aftermath of COVID-19 when housing was still Briefly supply.
Additionally, Singapore appeals to a big number of foreign investors resulting from its favourable tax policies and strategic location in Southeast Asia.
Novo Put, specifically, was a fascinating launch, mainly because it’s a real illustration of 1st-mover advantage: there’s no other EC in Tengah still, so its general performance will be intently researched.
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For homeowners, a particular worry is definitely the CPF withdrawal limit – now is a good time to check when you’re near it, while you don’t choose to end up being forced to pay back the loan in cash in your late 50s or 60s.
In any function, HDB upgraders stay the dominant purchaser demographic, as well as their desired area is the greater affordable OCR.
Given that the cooling steps are still so modern, We're going to likely see the consequences only later on in the coming 12 months.
We don’t nevertheless know, As an example, if a superior-fascination amount is sufficient to discourage property investors and travel prices down; not when There's an equally robust need for safe-haven assets, due to the Russia-Ukraine war.
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He additional: “Price increases For the remainder of this 12 months are predicted to become average as homebuyers are spoilt for preference amid the slew of future launches.”
We've all been on the opposite facet of the screen like you right this moment. Scrolling endlessly through listings of cookie-cutter condos, mass-made home furnishings and dull wallpaper.
Ms Chia Siew Chuin, JLL’s head of residential exploration, analysis and consultancy, stated prime district homes continue to capture area buyers as the price hole among these homes and people in the city fringe has narrowed.
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With this blog site post, we will Real estate agents Singapore examine a number of the real estate trends in Singapore as well as their influence on the property market.