Insightful Property Reports

Presenting our array of insightful real estate reports by our PropNex Research team, comprising detailed analysis of various market segments. Be empowered with the latest property trends to make well informed investment decisions!

Private New Homes Reports

Monthly Report (May 2024)

In May 2024, housing developers sold just 221 new private homes (ex. ECs), falling for the second straight month as a dearth of new project launches weighed on market activity. This marks a 26.6% decline from the 301 units shifted in April. This follows the 58.1% MOM decrease in developers’ sales from March to April. It is also the lowest sales tally for the month of May recorded since 2008. Read more about which projects shined during the month in this latest report!

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Monthly Report (Apr 2024)

In April 2024, housing developers sold 301 new private homes (ex. ECs), down by 58% MOM from the 718 units shifted in the previous month, and lower by nearly 66% YOY from 890 units sold in April 2023. The decline in sales during the month caIn March 2024, housing developers sold 301 new private homes (ex. ECs), down by 58% MOM from the 718 units shifted in the previous month, and lower by nearly 66% YOY from 890 units sold in April 2023. The decline in sales during the month can be attributed to the lack of new project launches in April. Read more about how developer sales performed during the month in this latest report!

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Monthly Report (Mar 2024)

Developers sold a total of 718 new private homes (ex. EC) in March, representing a more than fourfold increase from the 153 units shifted in the previous month, and the highest monthly sales in four months. The launch of Lentor Mansion single-handedly boosted private new home sales in March 2024, accounting for more than half of the month’s sales. Read more about how developer sales performed during the month in this latest report!

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Quarterly Reports

Q2 2024 RESIDENTIAL REPORT

Residential property prices continued to rise at a slower pace in Q2 2024 driven by resilient resale market activity. Price growth momentum in the public housing resale market picked up during the quarter, while setting a new record high number of million-dollar HDB flat transactions achieved during a quarter. Read this report for insights of how the private residential and HDB resale market performed in the second quarter of the year!

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Q1 2024 COMMERCIAL REPORT

The commercial property market simmered in the first quarter of 2024. The office and industrial sectors saw fewer deals recorded during the quarter. Meanwhile leasing demand in both sectors have moderated amidst the cautious business environment, resulting in easing rentals and occupancies. Read this report for insights on how the office and industrial property sectors performed in Q1 2024!

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Q1 2024 SHOPHOUSE REPORT

Shophouse transaction activity was relatively muted during the first quarter of 2024, amid the cautious market sentiment, mismatch in pricing expectation, and tighter due diligence checks likely dragging out sales process. Despite the cautious sentiment, shophouse prices, especially in the central region, remained resilient and continued showing signs of growth. Read this report for more insights today!

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Other Real Estate Reports

1H 2024 GCB AND PRESTIGE LANDED REPORT

In the first half of 2024, the landed residential property market remained resilient, with more buyers coming in to snap up value deals in the landed market, taking advantage of the softer asking prices and market uncertainty. Momentum in the GCB market in 2024 was relatively tepid, achieving about 9 deals worth nearly $220 million in the year-to-date, compared to 1H 2023, where 9 deals amounting $231 million were achieved - though there were more big-ticket GCB transactions recorded during the first half of the year. Read this report for insights of how the GCB and Prestige landed market performed in the first half of the year as well as PropNex’s forecast for the rest of 2024!

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2H 2023 COMMERCIAL PROPERTY SNAPSHOT

In the second half of 2023, commercial property values continued to grow albeit at a slower pace due to weaker market sentiment, slower sales and economic challenges. The office and retail property market witnessed a moderation in rentals and prices as business sentiment and consumer demand wanes. Meanwhile the industrial property sector continues to hold up despite slower manufacturing activity. Read this report to know more about how the various commercial property sectors (office, retail and industrial) performed in the second half of the year!

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2H 2023 GCB AND PRESTIGE LANDED REPORT

In the second half of 2023, the landed residential property market witnessed a significant slowdown, as softer buying sentiment, tight availability of homes for sale, elevated interest rates, and mismatched price expectations weighed on transaction activity. The GCB market in 2023 has also substantially softened, achieving less than 20 deals worth more than $400 million in the year-to-date, compared to 2022, where 44 deals amounting $1.2 billion were achieved. Read this report for insights of how the GCB and Prestige landed market performed in the second half of the year as well as PropNex’s forecast for 2024!

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