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Han Huan Mei

RESEARCH DIRECTOR, LIST SOTHEBY’S INTERNATIONAL REALTY

While official statistics are not available, there is a gradual rise in new PRs and newly-minted Singaporeans buying luxury homes, as they are not subject to the 60 per cent ABSD payable by foreigners.

Dissecting foreign buying in Singapore homes, after three ABSD hikes

A GCB at Binjai Park with land area of 15,515 sq ft was sold for S$28.3 million in March 2023. The buyer planned to demolish the existing house to build a new one.

BT PROPERTY WEEK 2024

Bungalow market down but not out

The landed property market looks set to continue at the current pace for the rest of 2022 as global geopolitical uncertainties persist. Total demand for landed homes could reach around 2,000 units and the URA price index for landed homes could gain some 10 per cent for the whole year, according to List Sotheby’s International Realty.

PROPERTY 2022

Are landed homes becoming a wealth preservation asset?

Sales momentum in the Good Class Bungalow market slowed in 2022 partly due to the turn of global economic climate and the prolonged uncertainties from geopolitical issues.

PROPERTY 2023

Market for Good Class Bungalows tenacious despite economic headwinds

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