Providing Data and facts for SG real estate

Lets not dwell too much about the 1.7m flat and just analyse the pricier flats, 800k and upwards.  A staggering percentage 15% of all resale transactions is $800k and above. Resale flats priced between $800K-$1M saw a transaction share of 11.6% in Q2 2024, up from 10.2% in Q1 2024. Flats priced above $1M accounted for 2.6% of transactions in Q2 2024, an increase from 2.1% in Q1 2024. Market Dynamics: The number of HDB flats reaching the minimum occupation period (MOP) in 2024 is estimated to be around 13,000, down from 15,700 units in 2023. Fewer new flats meeting MOP in 2024 led to reduced stock availability and upward pressure on resale flat prices. Rental Market: Rental:  Highest median rental price was for four-room flats in the central region at $4,400, with the lowest median rental price for two-room flats in Sengkang at $2,530. Future Outlook: Analysts expect prices to continue climbing as demand strengthens. The proportion of transactions involving million...

Preferred Locations: Flats in mature estates and areas near upcoming Integrated Housing Development (IHD) sites have seen particularly high demand. Policy Influence: Future trends in the HDB resale market could be influenced by cooling measures and policy changes aimed at moderating price increases. Market Response: Analysts suggest that the current demand may stabilize if more BTO projects are launched or if there are significant policy interventions. Long-Term Trends: The market is expected to remain dynamic, with potential fluctuations based on supply changes, government policies, and overall economic conditions. #hdb #realestate #ResaleHDB #Andyseng 

HDB is cracking down on lease infringements! 70 flats have been reacquired since 2019 due to serious violations like unauthorized rentals and owning private property during the MOP. #hdb #rental #Andyseng

Just for fun, nearing weekend already. (but the figures and transactions are real hor) Which group do you belong to if you are a potential buyer? 1. hey that project loss making ley means I buy there I kio dio lor, woohoo 2. walau that proj lose money one, better Siam far. Just for comparison here are the top profitable ones. #realestate #investment #AndySeng