Back in January, we shared the news of an auspicious HDB sale, where a 4-room flat in Sengkang fetched an impressive S$808,888, perfectly timed for Chinese New Year celebrations. Now, just a few months later, another noteworthy transaction has taken place in Bedok, setting a new 4-room HDB record with a full-price tag of S$888,888. But that’s not the only record-high sale in the area – Bedok has yet another record-breaking sale to boast about, one that marks a milestone for the entirety of the estate itself. 4-room Fengshan Greenville flat sells for record S$888,888 The property in question ..read more

In her 17 years as a real estate broker, Christine Teo has forged a successful business focusing on the luxury real estate market, serving an exclusive clientele within the elite community. These include multi-million-dollar properties, ranging from luxury condominium units to landed homes and shophouses. Her dedication has resulted in numerous accolades, culminating in the top 1% of ERA’s agents, and a 10-time ERA Asia Pacific Award winner. Notably, she was also honoured at the Singapore Real Estate Agents Excellence Awards 2023 with the Salespersons Achievement Award (Platinum). “My philoso ..read more

Singapore’s housing market is constantly evolving, and the Housing and Development Board’s (HDB) resale segment operates on a distinct “willing buyer, willing seller” model. This affords significant pricing flexibility, as there are no government-imposed caps or floors. However, as million-dollar HDB transactions become more common, concerns are being raised about the potential long-term effects of this unrestricted pricing on market stability and affordability. Understanding no price limit in the HDB resale market Should there be a limit to the pricing of HDB re ..read more

In the fast-paced and competitive real estate industry, having a strong leader and a supportive team can make all the difference. One such leader is Eric Chey, a seasoned real estate professional who has built a reputation for his exceptional leadership skills and ability to cultivate a thriving team. With a background in the army and years of experience in the industry, Eric brings a unique perspective to his role as a team leader. In this article, we will delve into Eric’s journey, his approach to team building, and the qualities he looks for in prospective agents. Join us as we explore the ..read more

Condo rental market March 2024 March 2024 rents increased by 0.3% from February 2024 The rental market saw a slight uptick in March 2024, with a modest increase of 0.3% from the previous month. However, this change was not consistent across all regions. The Core Central Region (CCR) and the Rest of Central Region (RCR) experienced an increase of 0.3% and 0.9%, respectively. In contrast, the Outside Central Region (OCR) saw a decrease of 0.3%. A 0.3% increase may not seem as much but it’s still an increase. Taking a year-on-year approach, the rental market experienced an overall decline of 3.4 ..read more

The Singaporean Housing and Development Board (HDB) resale market has been characterised by unpredictable trends that have a significant impact on both buyers and sellers. A recent transaction of an Executive (EXE) flat in Tampines has set a new resale price record for the town, making it a noteworthy event in this dynamic market. This article examines the specifics of this significant transaction and its implications for the future of the HDB resale market in Tampines. About Block 856D Tampines Street 82 Block 856D Tampines Street 82 is a lovely HDB block situated in the Tampines HDB Estate ..read more

The Housing and Development Board (HDB) resale market in Singapore has demonstrated remarkable endurance and expansion in recent times. The latest record-breaking transaction in Queenstown, where a 4-room flat was sold for an impressive SGD 1,238,000, serves as proof of this thriving market. This sale not only establishes a new standard but also underscores the constant demand for prime residential locations in Singapore. Overview of the transaction A noteworthy transaction occurred on 1 April 2024, in the HDB resale market at 90 Dawson Road in the centre of Queenstown. This flat spans 1 ..read more

Image credit: Google Maps The luxury property market in Singapore has experienced its fair share of ups and downs, especially following the high-profile billion-dollar money laundering scandal that rocked our nation. However, amidst this backdrop of caution, we seem to be hearing some promising news in the upscale real estate sector:  Grant Wee, from the Wee family behind UOB, recently made headlines with his purchase of a prestigious Good Class Bungalow (GCB) for a staggering S$39.5 million. Adding to the buzz is the news of The Residences at W Sentosa Cove offering its units at a whopp ..read more

The rental market in Singapore has been undergoing a noteworthy transformation, with a marked reduction in the price difference between private condominiums (or condos) and Housing Development Board (HDB) flats. While private condo rentals have been on the decline due to increasing vacancies, HDB rents have been on a steady rise and have reached new peaks. This article explores the factors behind the decrease in condo rents, the current market conditions, and the implications of these trends for both renters and landlords in Singapore. Overview of current rental market trends Over the past fe ..read more

Government measures, including steps designed to increase the supply of public and private property, are helping to keep our real estate market in balance. During the pandemic, low supply and high demand drove rapid rises in Singapore property prices. Recently, however, there have been indications of moderation in both the public and private property markets, and signs that government efforts to stabilise conditions are having the desired effect. In an interview with CNA in March, the Minister for National Development, Desmond Lee, said the government was acutely conscious of the importa ..read more