PROPERTY INSIGHTS
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Mixed signals in private housing; possible oversupply of agents
Published Thu, Mar 28, 2024 · 11:51 AM
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.
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