<ADV> HDB & Industrial 4Q 2023 reports
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Read our latest report on the HDB market! In 4Q 2023, prices of HDB resale flats increased at a slower pace of 1.1% compared to 1.3% in the previous quarter. 14 out of 26 HDB towns saw price gains between 0.7% and 4.9% in 4Q 2023.
Also, for the last quarter of 2023, 6,547 flats were sold, 2.2% lower than the previous quarter. The top 5 most popular HDB towns among buyers in 2023 are Punggol, Woodlands, Sengkang, Yishun and Tampines, accounting for around 37.1% of total transactions.
Nevertheless, there were 134 flats sold for $1 million or more in 4Q 2023, 4.7% more than 3Q 2023. The top 3 HDB towns with the greatest number of million-dollar flats in 2023 were Bukit Merah, Toa Payoh and Kallang/Whampoa.
Total HDB resale flat transactions are estimated to be between 25,000 to 27,000 in 2024 while prices are likely to consolidate between 3% to 5%.
Read our latest report on the industrial market! In 4Q 2023, all clusters registered growth except for the precision engineering cluster.
The Singapore manufacturing sector expanded by 3.2% on a year-on-year basis in 4Q 2023, while prices and rents of industrial space moderated to 0.6% and 1.7%, respectively.
Strata sales of factory space may pick up in the first quarter of 2024 with the launch of Smart Food @ Mandai, a freehold 10-storey 84-unit ramp-up factory. Prices and rents of industrial space may see a growth of 3% to 5% this year too.
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Other News
Private home prices up 2.8% in Q4, but rents fall 2.1% amid more housing completions, softer demand > Read more
Lumina Grand EC sells 53% of units on launch weekend at average S$1,464 psf > Read more
HDB resale prices rise 1.1% in Q4 2023 and are up 4.9% for the full year as growth slows > Read more
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