Search

Keep Yourself Updated with: Monthly / Quarterly / Yearly Trend

Updated: Apr 3, 2020

With the knowledge gained from studying the market and the trend, only then you as the seller / buyer is empowered in making well informed decision.



 

31 March 2020 : Economic Indicators - HDB Resale Market



 

31 March 2020 : Economic Indicators - Private Resale Market



 

17 February 2020 : January 2020 Developer Monthly Sales Analysis


Sales rebounded in January after year-end holidays


New home sales rebounded strongly as both buyers and sellers returned to the private residential market after the year-end holidays. The number of transactions climbed sharply last month, marking the highest January sales in seven years.

According to the developers' sales survey by the Urban Redevelopment Authority (URA), 618 new homes were sold in January 2020, 14.9 per cent higher than the 538 units sold in the preceding month and 41.4 per cent more than the 437 units sold over the same period last year. Including executive condominiums (EC), developers sold 638 units last month, registering a 15.8 per cent month-on-month (m-o-m) increase.

January’s sales take-up was led by projects in the city fringes or rest of central region (RCR) which accounted for 41.9 per cent of the total sales (excluding EC), followed by the suburban areas or outside central region (OCR) at 36.6 per cent. The proportion of sales in the luxury segment or core central region rose to its highest level since January 2019 (29.8 per cent) at 21.5 per cent. A total of 598 units were launched last month.


 

05 February 2020 : HDB Market Pulse Q4 2019


Market turned around last year after a series of policy changes


The HDB resale market staged a surprising turnaround in the second half of last year as both prices and sales volume rebounded after a series of policy changes were implemented in recent months. The HDB resale market staged a surprising turnaround in the second half of last year as both prices and sales volume rebounded after a series of policy changes were implemented in recent months. Barring any unforeseen circumstances, the positive impact of the recent policy changes may continue to create demand in the secondary market. Sales volume may be stronger this year, possibly around 23,000 to 25,000 transactions Prices of resale flats may stabilise or rise further, albeit at a modest pace of below 2 per cent this year.




 

04 February 2020 : HDB Market Projection for 2020


More supplies in the pipeline in 2020 and beyond


The public housing sector is poised for brighter prospects this year. The positive impact of the recent policy changes, such as enhancement of CPF Housing Grants, allowing buyers more flexibility to use CPF monies to buy older flats and the ongoing Home Improvement Programme (HIP), will continue to create demand in the secondary market. We are optimistic that sales volume may be stronger with around 23,000 to 25,000 units to be transacted this year. Based on historical data, there seems to be a strong correlation between the number of younger flats being sold and the number of flats that have reached their Minimum Occupation Period (MOP) in that year (the correlation coefficient is 0.82) (Chart 7). The correlation suggests that the number of younger flats being sold may rise in tandem with more flats projected to reach MOP this year. Many homeowners could be keen to put up their units for sale and upgrade to private properties or bigger flats. Using HDB data downloaded from data.gov.sg, about 24,000 new flats are projected to reach their MOP in 2020 (Chart 8). However, the swift increase in housing supply could create a surplus that may slow down the rate of price growth for resale flats especially in the newer housing estates. More than 60,000 flats have reached MOP over the last three years. Overall prices may continue to stabilise or rise modestly by less than 2 per cent this year (Chart 9).




 

Feeling overwhelmed with research data and figures?


If you have plan in mind but not sure if it works well – do share with me or let me know.


I will do my best to assist you to make sure you look at your plan from multiple angles and ensure you have a very clear picture on what’s going on.


Drop me a HI! in whatsapp and share with me your top most concern in the property upgrading journey.


 

JJ Wong is the founder of MOPUpgraders.sg and has been a Property Wealth Planner in the real estate market for the past 6 years. He has helped many clients achieve their aspirations with the right financial planning and sound timeline planning. He is the man behind upgrading case studies of those who are holding on property under 10 years.

13 views0 comments

Recent Posts

See All