Mixed signals in private housing; possible oversupply of agents
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
THINGS appear rosy for Singapore’s private housing market, judging by the surge in the number of sub-sales and the profitability of such transactions.
There were 1,294 sub-sale transactions of private homes in 2023 - the highest level since 2013 and a 69.2 per cent jump from the previous year.
The Urban Redevelopment Authority’s data showed that sub-sales accounted for 9.5 per cent of all private housing deals in Q4 2023.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
‘We’ve seen the worst-case scenario’: How Indonesia’s Cinema XXI navigated crisis and change
Higher costs, lower returns: Why are Singaporeans still betting on real estate?
S-E Asia tourism takes hit from Middle East crisis, but intra-regional travel could spell hope
Auditors flag uncertainty on Katrina Group’s ability to continue as a going concern
