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housing market

Stay updated with the latest news and articles about housing market.

Latest Articles

Singapore to welcome 3,500 new centi-millionaires amid housing market challenges

Japan ·

However, the housing market in Singapore faces significant challenges. New home sales are projected to reach their lowest levels since the financial crisis, with only 208 units sold in August 2024—representing a staggering 47% decline from the previous year. This downturn is attributed to a combination of high interest rates, a dearth of new housing projects, and developers' hesitance to lower prices despite rising home values. Market analysts are revising forecasts downward, indicating an overall decrease in total sales for 2024.

By Ishita Agarwal
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Singapore overhauls stock market and faces tiktok tensions

Singapore ·

Singapore’s housing market is also experiencing notable shifts. New home sales plunged to 208 units in August, a sharp drop from both the previous month and the same period last year. This decline is attributed to a scarcity of new residential projects and developer caution amid high interest rates. Despite this, home prices have remained stable, particularly in the secondary market. Developers are expected to launch more units later this year, but face increasing concerns about government measures and housing affordability.

By Ishita Agarwal