Housing Index in Singapore increased to 201.50 points in the fourth quarter of 2023 from 196 points in the third quarter of 2023. Housing Index in Singapore averaged 87.35 points from 1975 until 2023, reaching an all time high of 201.50 points in the fourth quarter of 2023 and a record low of 8.90 points in the first quarter of 1975.
Source: TRADINGECONOMICS.COM
2 Cooling Measures were announced in 2023
A. Effective 27 April 2023
- Aimed at curbing investment demand, Additional Buyer’s Stamp Duty (ABSD) rates for residential properties will be revised as follows:
B. Effective 15 Feb 2023
- Buyer’s stamp duties (BSD) for higher-value residential and non-residential properties will be raised as follows:
Private home prices up 2.8% in Q4. For the year, prices rise 6.8%, but growth is at a more “measured pace”
Singapore’s housing market may have finally reached its peak, said analysts, with private home prices flattening out and rents falling for the first time in three years in the fourth quarter of 2023
Signs of stabilisation and balance seen as private home prices, rentals rise 0.8% in Q3
Latest government data on Singapore’s private housing market for the third quarter points to signs of prices stabilising, on the back of high interest rates, cooling measures and cautious economic sentiments denting buying demand.
Landed homes post bigger price and rental gains in Q1 vis-a-vis condos and private apatments.
URA’s Q1 data shows that its overall private home price indes (comprising both landed and non-landed properties) appreciated 3.3% qoq.
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