Presenting our array of insightful real estate reports by our PropNex Research team, comprising detailed analysis of various market segments. Be empowered with the latest property trends to make well informed investment decisions!
In May 2024, housing developers sold just 221 new private homes (ex. ECs), falling for the second straight month as a dearth of new project launches weighed on market activity. This marks a 26.6% decline from the 301 units shifted in April. This follows the 58.1% MOM decrease in developers’ sales from March to April. It is also the lowest sales tally for the month of May recorded since 2008. Read more about which projects shined during the month in this latest report!
In April 2024, housing developers sold 301 new private homes (ex. ECs), down by 58% MOM from the 718 units shifted in the previous month, and lower by nearly 66% YOY from 890 units sold in April 2023. The decline in sales during the month caIn March 2024, housing developers sold 301 new private homes (ex. ECs), down by 58% MOM from the 718 units shifted in the previous month, and lower by nearly 66% YOY from 890 units sold in April 2023. The decline in sales during the month can be attributed to the lack of new project launches in April. Read more about how developer sales performed during the month in this latest report!
Developers sold a total of 718 new private homes (ex. EC) in March, representing a more than fourfold increase from the 153 units shifted in the previous month, and the highest monthly sales in four months. The launch of Lentor Mansion single-handedly boosted private new home sales in March 2024, accounting for more than half of the month’s sales. Read more about how developer sales performed during the month in this latest report!
The commercial property market simmered in the first quarter of 2024. The office and industrial sectors saw fewer deals recorded during the quarter. Meanwhile leasing demand in both sectors have moderated amidst the cautious business environment, resulting in easing rentals and occupancies. Read this report for insights on how the office and industrial property sectors performed in Q1 2024!
Shophouse transaction activity was relatively muted during the first quarter of 2024, amid the cautious market sentiment, mismatch in pricing expectation, and tighter due diligence checks likely dragging out sales process. Despite the cautious sentiment, shophouse prices, especially in the central region, remained resilient and continued showing signs of growth. Read this report for more insights today!
Residential property prices continued to rise in Q1 2024, with private home prices rising at a faster pace quarter-on-quarter – propped up by transactions at new launches. Price growth momentum in the public housing resale market also picked up during the quarter, amidst a record number of million-dollar HDB flat transactions achieved in a quarter. Read this report for insights of how the private residential and HDB resale market performed in the first quarter of the year!
In the first half of 2024, the landed residential property market remained resilient, with more buyers coming in to snap up value deals in the landed market, taking advantage of the softer asking prices and market uncertainty. Momentum in the GCB market in 2024 was relatively tepid, achieving about 9 deals worth nearly $220 million in the year-to-date, compared to 1H 2023, where 9 deals amounting $231 million were achieved - though there were more big-ticket GCB transactions recorded during the first half of the year. Read this report for insights of how the GCB and Prestige landed market performed in the first half of the year as well as PropNex’s forecast for the rest of 2024!
In the second half of 2023, commercial property values continued to grow albeit at a slower pace due to weaker market sentiment, slower sales and economic challenges. The office and retail property market witnessed a moderation in rentals and prices as business sentiment and consumer demand wanes. Meanwhile the industrial property sector continues to hold up despite slower manufacturing activity. Read this report to know more about how the various commercial property sectors (office, retail and industrial) performed in the second half of the year!
In the second half of 2023, the landed residential property market witnessed a significant slowdown, as softer buying sentiment, tight availability of homes for sale, elevated interest rates, and mismatched price expectations weighed on transaction activity. The GCB market in 2023 has also substantially softened, achieving less than 20 deals worth more than $400 million in the year-to-date, compared to 2022, where 44 deals amounting $1.2 billion were achieved. Read this report for insights of how the GCB and Prestige landed market performed in the second half of the year as well as PropNex’s forecast for 2024!
Monthly Report (May 2024)
Monthly Report (Apr 2024)
Monthly Report (Mar 2024)
