- The CCR accounted for 14.9% while the RCR and OCR made up 31.9% and 53.2%
- The respective top-selling projects in the CCR is Cape Royale, followed by The Continuum in the RCR, and J’den in the OCR
- There will be more supply of resale flats for sale from owners moving into a new HDB flat/EC or buying a new launch unit in 2024
- There are more buyers looking for resale flats without the PLH restrictions and this in turn may push up the prices of such flats
- The number of million-dollar flat transactions is estimated at 460 in 2023 and the situation is likely to remain sticky in 2024 with estimated transaction volume between 450 and 500 flats
- HDB resale flat transactions are estimated to be between 25,000 to 27,000 while resale flat prices are likely to stabilise in the range of 3% to 5% in 2024
- The stable HDB resale market is likely to encourage more HDB owners to look at upgrading to a private home or EC unit
Sale and Resale trend to sum up December for HDB and Private
Some keypoints for December regarding the real estate market