In a surprising turn of events, new private home sales plunged by a staggering 34.6% in December 2022, revealing a slowdown in the property market. However, there was a silver lining as HDB completed the most flats in five years, suggesting a promising outlook for public housing. Stay informed with more updates on the real estate landscape.
In a bid to address the pressing demand for housing in Singapore, the government is implementing measures to increase the supply of private homes and shorten the waiting time for Build-To-Order (BTO) flats offered by the Housing Development Board (HDB). These initiatives aim to alleviate the housing crunch and cater to the evolving needs of Singaporeans. Stay tuned for further updates on this progressive move by the government.
Terra Hill, the renowned property developer, astoundingly sold 38% of their units during the highly anticipated launch. Meanwhile, a staggering number of 30 housing projects are now racing against the looming 2023 sales deadline. Stay updated with the latest in the real estate market.
The Housing and Development Board (HDB) has initiated an investigation into the sale of supposedly “vacant” Build-To-Order (BTO) flats on the open market. In other news, Sloane Residences has successfully obtained its Temporary Occupation Permit (TOP) and has already sold nearly 90% of its units.
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