<ADV> Mar Highlights
Latest News
Check out news you can use for investment decisions, explore career opportunities in our monthly Huttons Highlights:
Property
• Developer sales figures for the month of January
• HDB, Industrial, Landed and Private Residential 4Q 2024 reports
Career
• Chinese New Year Celebration
• Yoga and Badminton sessions
• Huttons International - Citadines Berawa Beach Bali
The luxury non-landed homes ended 2024 on a strong note despite the harsh 60% ABSD on foreigners.
Caveated transactions of resale luxury non-landed homes in 2024 were 187, close to the 193 deals in 2023. The total value of luxury non-landed homes sold in 2024 was $1.65 billion, 29.1% lower than the 2023’s $2.33 billion. However, the luxury projects breached new heights in prices in 2024.
The top selling luxury non-landed projects by quantum in 2024 were Skywaters Residences, Eden Residences Capitol, The Ritz-Carlton Residences Singapore Cairnhill, Park Nova and 32 Gilstead. More luxury projects may be launched in 2025. Sale and rental transactions in the luxury non-landed homes market may be higher this year.
The Good Class Bungalow (GCB) market recovered from the low in 2023. An estimated 36 GCBs were sold in 2024, higher than the previous year’s 21 GCBs. The total value of GCBs sold in 2024 was $1.4 billion, 80.0% higher than 2023’s $777.2 million. There may be more large GCBs sold in 2025 as more wealth and naturalised citizens sink roots in Singapore.
尽管对外国人征收 60% 的额外买方印花税（ABSD）十分苛刻，但 2024 年的非有地豪宅市场依然表现强劲。
2024 年转售非有地豪宅的买卖禁令为 187 套，接近 2023 年的 193 套。2024 年售出的非有地豪宅总价值为 16.5 亿元，比 2023 年的 23.3 亿元减少了 29.1%。然而，豪华项目的价格在 2024 年达到了新的高度。
按数额计算，2024 年最畅销的非有地豪华项目是 Skywaters Residences、Eden Residences Capitol、丽嘉豪庭（The Ritz-Carlton Residences Singapore Cairnhill）、柏皓（Park Nova）和 32 Gilstead。2025 年可能会有更多的豪宅项目推出。在2025 年，非有地豪宅市场的销售和租赁交易量可能会增加。
优质洋房（Good Class Bungalow，简称GCB）市场从 2023 年的低点回升。据估计，2024 年共售出 36 套GCB，高于上一年的 21 套。从经济前景向好到利率下调等一系列因素都提振了市场情绪，有助于缩小卖方和买方之间的差距。2024 年售出的GCB总价值为 14 亿元，比 2023 年的 7.772 亿元高出 80.0%。随着越来越多的财富和入籍公民扎根新加坡，2025 年可能会有更多的大宗 GCB 出售。
Other News
More EC units resold for profit of at least $1 million in 2024 > Read more
Extended ABSD remission deadline for big, complex projects timely; developers want more fine-tuning > Read more
First Mount Pleasant BTO flats to be launched in October > Read more
Upcoming Events
Looking to explore UK property investments? Join us on 16 March from 11am to 6pm for an insightful session, featuring talks at 11am, 2pm and 4pm as Tony and Gilad dive into the UK property market and showcase EDITION, a prime residential development located in Birmingham.
Boasting 14,000 sq ft of amenities across five storeys, the development features a 24/7 concierge, swimming pool, yoga and spin studios, skyline gym, and more.
Strategically located in the Paradise precinct, Birmingham’s business hub, the development is surrounded by landmarks like Centenary Square, Symphony Hall, and Michelin-starred dining. With offices like HSBC and PwC nearby, as well as walking access to Colmore Business District and vibrant entertainment spots, EDITION offers unparalleled convenience and investment potential.
Contact your Huttons associate to secure your spot for this exclusive event!
Come join us on 23 Mar (Sun) 3pm for our Cambodia consumer connect seminar to discover exciting property investment opportunities in the Kingdom of Wonder!
During the event, we will showcase Le Conde BKK1, a new freehold mixed development in the popular and established expatriate area of Phnom Penh known as BKK1 (Boeung Keng Kang).
Managed by Japanese service apartment operator HopeTree, investors will enjoy 24% guaranteed rental returns over 3 years (8% per annum) by the developer.
Standing at 45-storeys high, Le Conde BKK1 will be one of the tallest buildings in Phnom Penh offering 5 levels of innovative facilities including 240-metre sky jogging track and co-working space. Enjoy first-mover advantage at this multi-award-winning development. The project is also Cambodia's first Smart Home Project. Furthermore, it is surrounded by numerous dining options, international schools, embassies, malls, and more.
Contact your Preferred Huttons associate to register for this event.
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