Gong xi Gong xi, Singapore home sales surge to decade high

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https://sg.news.yahoo.com/singapore-home-sales-surge-to-decade-high-stoking-curb-concerns-054511776.html

those who own homes huat ah

those who dont own, dont worry, govt will step in to increase BSD, and other measures to make sure you can forget about owning your homes

knnbccb

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Singapore home sales surge to decade high, stoking curb concerns
Bloomberg
Updated Mon, 16 December 2024 at 1:45 pm SGT·2-min read

Developers sold 2,557 new private units in November, according to figures released by the Urban Redevelopment Authority. (Photographer: SeongJoon Cho/Bloomberg)
Developers sold 2,557 new private units in November, according to figures released by the Urban Redevelopment Authority. (Photographer: SeongJoon Cho/Bloomberg)
By Low De Wei

(Bloomberg) – Singapore home sales jumped to their highest level in more than a decade, confirming a property market revival that's raising expectations of further government curbs.

Developers sold 2,557 new private units in November, according to figures released by the Urban Redevelopment Authority Monday. That's more than the previous six months combined, and the most for a single month since March 2013.

The resurgence was driven by multiple mass-market projects launched in the same month, as developers sought to capitalise on declining borrowing costs and pent-up demand. Buyers responded by lapping up suburban projects, including one in the east that sold more than 99% of its available 846 units.

The boom is renewing speculation for further housing curbs, as the government seeks to allay voter concerns about housing affordability ahead of elections due in less than a year. Singapore has introduced multiple rounds of measures in recent years to tame property prices, including a 2023 hike in stamp duty for most foreigners.


Analysts are tracking whether buyer interest will feed into prices, which declined for the first time in more than a year in the third quarter.

Barclays analysts this month flagged the possibility of more "aggressive" real estate curbs if the government fails to tame the home-buying. Citigroup forecast a reversal of the price decline, which could "partially heighten policy risk."

Singapore's government has sought to increase land available for private homes. It will offer sites for about 8,505 private homes in the first half of 2025 for sale, up from 8,140 units in the second half of this year.

More stories like this are available on bloomberg.com

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continue to let JHK and JHB and PRs to huat even more

and let sinkies die faster

thank you PAP!

[BuiBuiForeverAlone]

Thank you PAP for making 2.5 million resale flat price a reality sooner. Low ses sinkies better not pray for longevity. YOLO and faster move on from this wretched world.

[jim889]

huat ah soon will be 10 million dollar hdeebee

    

[Risa]

hdb and mnd will continue to monitor