Despite the implementation of cooling measures, home buyers remain unfazed, with most intending to proceed with their property purchases this year, according to real estate agency PropNex. The measures aimed at stabilizing the property market have not deterred buyers, displaying the resilience of the sector.
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In a positive turn of events, new private home sales saw a significant boost in March 2023, rising by 13.6%. Excitingly, The Continuum development is now open for preview, offering a range of luxurious homes with prices starting from $1.4 million. This news comes as a ray of hope for the real estate market, indicating a revival and potential for growth in the upcoming months.
Private home prices and rents experienced a rapid surge in the third quarter of 2022, indicating a strong real estate market. However, the growth in HDB resale prices showed signs of moderation during the same period. These observations highlight the ongoing dynamics of the housing sector, posing implications for homeowners, investors, and policymakers alike.
In a surprising turn of events, new private home sales witnessed a substantial decline of 34.6% in December 2022. On the other hand, the HDB accomplished a remarkable feat by completing the highest number of flats in five years during 2022. Stay tuned for more updates on the housing market and its implications.
Private home price growth in the fourth quarter of 2022 has slowed to a mere 0.4%, indicating a deceleration in the property market. In contrast, HDB resale prices experienced a 2.3% rise during the same period, marking the slowest growth seen in 2022. These figures shed light on the current state of the housing sector, suggesting a potentially stabilizing market after a period of rapid growth. Investors and homeowners alike will need to closely monitor this trend as it unfolds in the coming months.
Despite the recent hikes in Buyer’s Stamp Duty (BSD), new private home sales in Singapore have experienced a surge. In other news, the government has initiated a pilot program to provide shared room facilities for singles. Stay tuned for more details on these developments and their impact on the real estate market.