WATCH THIS BEFORE BUYING OR SELLING YOUR NEXT HOME!
LET'S TAKE A CLOSER LOOK AT CURRENT CONDO LANDSCAPE
So why did CCR, OCR & RCR increase in profit?
ORCHARD SOPHIA
Core Central Region
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Over 40% of units sold to homeowners & property investors
LENTOR MANSION
Outside Central Region
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Best performing new launch in Q1 2024, transacting 75% of its 533 units at an average price of $2,278 PSF.
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Fetched higher overall average price on $PSF.
THE ARCADY
Rest of Central Region
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49 units out of 172 units sold at average price of $2,568 PSF.
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Selling above some of the other existing higher average transacted launches.
NOW, LET'S TAKE A LOOK AT CURRENT HDB LANDSCAPE
So what lead to the increase of profits for HDB resale flats?
1
Demand for Resale HDB Flat
Relatively steady proportion of newer flats resold in Q4 2023 and Q1 2024 as such flats tend to command higher prices in view of their longer remaining lease. Based on transaction data, about 27% of the resale flats sold in each of the two quarters had a lease balance of 90 years or more.
2
Increase of HDB Resale Flats Sold Above $1 Million
According to transaction data, the number of HDB flats resold for at least $1 million has risen for the fifth straight quarter in Q1 2024, with 185 such flats sold. This is also the highest number of million-dollar resale flats transacted on a quarterly basis – boosted by the record-breaking 74 deals done in January 2024
ABOUT US
As full-time professionals in the real estate industry since 2011, we've demonstrated resilience and adaptability in navigating through various market fluctuations. From weathering the storm during cooling measures periods to overcoming the challenges posed by the COVID-19 pandemic and recent high-interest rate periods, we've consistently adjusted our strategies to thrive in both adversity and prosperity.
Throughout our journey, we've refined our skills in negotiation, marketing, and client relations, earning a reputation as trusted and results-driven professionals. Our success story is a testament to our ability to learn from setbacks, celebrate victories, and embrace innovation to stay ahead in an ever-evolving market landscape.
Moreover, our journey has been characterised by significant growth in our personal property portfolio. We've engaged in owning and flipping overseas properties in Cambodia, Batam, and Melbourne, as well as local private properties. Through strategic investments and astute decision-making, we've capitalised on opportunities to maximise returns and expand our real estate footprint.
