Residential

Thanks to the attractive pricing of the new launches.

And resale prices could climb by up to 8%.

One is a 1,000-unit estate expected to be completed by 2025.

It’s currently at about 64% of the selling price.

The primary market also had a positive performance.

Resale prices rose 1% in Q1 2023.

Rents grew 2.7% q-o-q and 26.7% y-o-y.

Flats in Bishan were sold at an average price of S$744,557.

Nearly 8,000 units were launched during the quarter. 

Five of eight property developers rated B3 and below are expected to have interest coverage below 1.5x in both scenarios.

The market is likely to be dominated by distress sales.

Find out how the new cooling measures will affect the market in the short term.

Over 100,000 units will be available against an annual demand of 18,000.

This is in line with the quarterly average over the past year.

Home prices grew 3.3% in Q1 2023.

The Core Central Region led new home sales during the quarter.