Based on the latest flash estimates released by the URA, private home prices went up by 2.7 per cent in Q4 bringing a full-year rise to 6.7 per cent.
If you notice the table above, the landed segment and non-landed homes in the CCR reversed a 3.6 per cent and 2.7 per cent decline respectively from Q3 and made substantial gains of more than 4 per cent. Non-landed OCR homes outpaced other regions with an increment of 4.6 per cent.
Q4’s positive results were mainly driven by two projects that did exceptionally well, Watten House which sold 114 units at an average price of $3,209 psf, and J’Den which moved 327 units at an average price of $2,475 psf. The two projects alone accounted for almost half the sales for their respective regions in the CCR and OCR.
Now private home owners stand at the crossroads of deciding what’s the best move for them. And what will 2024 real estate market be like?
Watch the video below to find out more!
Nicole Ng
CEA NO. : R067268A
Most people love to find the right property for stay or investment and at the same time giving them the extra stretch on their dollar to accumulate wealth. Each individual or family is unique, and their real estate needs change over time. Whether you are a first-time homebuyer, a growing family, an empty nester, or a savvy investor, finding the suitable solutions that align with your specific life stage is important. Real estate in Singapore is a powerful tool for wealth accumulation. Hence, finding properties for current needs with potential for capital appreciation and future investment opportunities are equally important. Guiding clients to enter safely and exit with viable strategies for profits in timely fashion are critical. Link up with me for non-obligatory discussion.
Disclaimer:
PropNex Realty Pte Ltd or its salespersons will not be responsible for any errors or omissions or for the results obtained from the use of this information. All information is provided with no guarantee of accuracy. If in doubt, kindly seek appropriate advice from your financial advisors or bankers before you make any property investment decision.