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Singapore private residential market stabilises in 2024 with rising sales, easing rental pressures, and strong demand in RCR and OCR.

December 12, 2024

Market Absorption of Supply Overhang Drives Stabilisation in Singapore’s Private Residential Sector

With effect from the August 2023 Build-to-Order (BTO) Exercise, stricter penalties will be imposed on couples who do not select a flat when invited by the Housing and Development Board (HDB) to do so. A new priority category benefiting first-timer families applying for their first BTO flat was also introduced. In his Committee of Supply …