<ADV> Pte Resi & Prestige 1Q 2024 Reports
Latest News
Check out news you can use for investment decisions, explore career opportunities in our monthly Huttons Highlights:
🏘️ Property
• In March 2024, a total of 718 units were sold. This is 4.7 times higher than in February 2024.
• HDB resale market will likely see more transactions as there will not be another SBF exercise in 2024
💼 Career
• Huttons unveiled impactful initiatives, and celebrated the achievements of Top Leaders & Producers at the Huttons Gala Awards 2024.
• New Basketball and Yoga interest groups
• Support Pesta Sukan, Singapore’s largest multi-sports competition
• Inaugural Huttons x OneMillionTrees Sustainability Walk
• Huttons Super App and Huttons Integrated Transaction System
• Support Immortalize to create greater awareness about legacy planning
Join the fastest growing agency today. Here's to your future!
Read our latest report on the private residential market! Private home prices increased by 1.4% in 1Q 2024, moderating from the previous quarter gain of 2.8%. This is the slowest quarterly gains since 3Q 2021, showing signs of stability in the housing market.
Developers launched 1,304 units for sale and sold 1,164 units in 1Q 2024. The number of units sold in 1Q 2024 is 6.6% higher than the previous quarter but 7.3% lower than a year ago. In 1Q 2024, the top selling projects are Lentor Mansion, Hillhaven, Lentoria, The Botany at Dairy Farm, The Arcady at Boon Keng, Lentor Hills Residences, Hillock Green, The Myst, Pinetree Hill and The Landmark.
There may be up to 30 launches and between 7,000 and 8,000 launched units in 2024. Developers may sell up to 7,000 new homes while prices are expected to be stable, increasing up to 5% this year.
The luxury non-landed homes market appeared to have stabilised in 1Q 2024 and heightened geopolitical tensions appeared to have convinced buyers to buy a home in Singapore which is often seen as a safe haven.
Top selling luxury non-landed projects in 1Q 2024 include The Ritz-Carlton Residences Singapore Cairnhill, Hilltops, Ardmore Park, Watten House, Nassim Jade, The Laurels, The LadyHill and Grange Residences.
Transactions in the luxury non-landed homes market are estimated to increase in the next few quarters. Two highly anticipated ultra-luxury non-landed projects, Newport Residences and Skywaters Residences may be launching in the coming months.
Speak to your preferred Huttons Associates to get an in-depth analysis and understand the opportunities in the property market for you.
Other News
HDB resale volumes recover in April as fewer BTO launches push demand to secondary market > Read more
More homes planned in Media Circle to support housing demand > Read more
Shophouse sales surge and at higher prices in Q1 as high-net-worth investors return > Read more
Upcoming Events
Join us for an exclusive Bangkok/Pattaya Property Tour!
Discover the newest, most luxurious condominiums in sought-after districts, tailored to provide both value and opulence.
On this tour, you'll explore off-plan and completed properties, gaining invaluable market insights from our leaders. Learn why international investors, including Singaporeans, are flocking to these cities for investment, vacation, and future retirement plans.
Detailed itinerary will be provided to confirmed registrants closer to the trip. Don't miss out on this opportunity to explore prime real estate in Bangkok and Pattaya!
As Singapore’s largest private real estate agency, Huttons is one of the key players in the built environment industry. We hope to rally support for the Plant-A-Tree programme through our inaugural Huttons x OneMillionTrees Sustainability Walk this year.
The monies raised from this event will go to Garden City Fund, a registered charity and institution of public character established by NParks. You can contribute towards Singapore’s transformation into a City in Nature!
Plus, stand a chance to win exciting prizes such as Garmin watches and more through the lucky draw. Join us and be a part of Singapore's sustainability movement!
Career Highlights
For the past few years, our sports clubs across Badminton, Football, Golf and Running continue to grow in participation. But we have something new and exciting in store for you! Huttons will also be introducing new Basketball and Yoga interest groups this quarter. We extend a warm invitation to all Huttons Champions and members of the industry to join our sports communities.
Stay tuned for more details about the upcoming sessions. Get ready to embark on a journey to wellness with us!
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Staff appreciation lunch by our lovely Executive Group District Directors; Mr Gary Chua, Mr Jay Ong, Mr Jeremy Lim, Mr Kevin Geow, Ms Mary Tan, Ms Peggy Ngiam, Mr Rex Tan, Mr Stuart Chng, and Mr William Heng.
Heartfelt thank you for the amazing food and gifts. Let’s continue to reach for greater heights in 2024 together!
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While Huttons has endeavoured to ensure that the information and materials contained herein are accurate and up to date, Huttons is not responsible for any errors or omissions, or for the results obtained from their use or the reliance placed on them. All information is provided "as is", with no guarantee of completeness, and accuracy. In no event will Huttons and/or salespersons thereof be liable in contract or in tort, to any party for any decision made or action taken in reliance on the information in this presentation/document or for any direct, indirect, consequential, special or similar damages.