In our previous condo flash report, we discussed a slight 1.2% dip in sub sale transactions since January 2024. Fast forward a month and the numbers have taken a significant nosedive, hitting their lowest point in a year. Let’s break things down a little further: March pricing trends across all regions As per the latest data, Residential Core Region (RCR) and Outside Central Region (OCR) prices have slightly increased by 1.2% and 1.6%, respectively. Meanwhile, prices in the Core Central Region (CCR) have experienced a 2.8% decrease in March 2024.  According to the SRX Price Index for co ..read more

Anyone miss the good ol’ days when record-breaking million-dollar transactions were a thing of rarity?  Back in February, we reported 74 million-dollar HDB transactions in January, which happened to be the highest number of million-dollar sales the HDB resale market has seen to date. While we haven’t yet broken that record (yet), estate records are consistently being shattered almost every week.  That brings us to today’s record-breaking transaction – although, as you can already tell from the title, this one is particularly noteworthy for obvious reasons.  S$1.41M 2 Toh Yi Dri ..read more

During the annual Elevate Convention held in 2024, OrangeTee presented its top leaders and agents with a range of digital innovations and upskilling programs. These initiatives are aimed at simplifying the real estate process for both home seekers and businesses. The event was attended by Desmond Lee, the Minister for National Development and Minister-in-charge of Social Services Integration, which highlights its significance for the local industry. Mr Desmond Lee gave a speech during the convention. Image credit: OrangeTee. Renewing vision and strategic initiatives OrangeTee has recently ren ..read more

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