Singapore Property Listings

AVENUE SOUTH RESIDENCE

img 11 SILAT AVENUE
RENT
  • img 527 Sq/ft
  • img S$7.59 psf
  • img 1 Bedroom
  • img 1 Bathroom
S$4,000

Listed by : Andy CHIA

SENGKANG WEST FERNVALE WOODS

img 457B SENGKANG WEST ROAD FERNVALE WOODS
HDB
RENT
  • img 409 Sq/ft
  • img S$5.75 psf
  • img 1 Bedroom
  • img 1 Bathroom
S$2,350

Listed by : Carol Pang

281 Choa Chu Kang Ave 3

img 281 CHOA CHU KANG AVENUE 3 KEAT HONG TEMBUSU
HDB
SALE
  • img 1,119 Sq/ft
  • img S$491.51 psf
  • img 3 Bedrooms
  • img 2 Bathrooms
S$550,000

Listed by : Jack LIm Wee Hua

EVERGREEN PARK

img 35 HOUGANG AVENUE 7
SALE
  • img 1,012 Sq/ft
  • img S$1,086.96 psf
  • img 3 Bedrooms
  • img 2 Bathrooms
S$1,100,000

Listed by : Andy CHIA

Hougang HDB Commercial Shophouse

img 238 HOUGANG AVENUE 1
SALE
  • img 2,400 Sq/ft
  • img S$1,666.67 psf
S$4,000,000

Listed by : Andy CHIA

FABER GARDEN CONDOMINIUM

img 4 ANGKLONG LANE
SALE
  • img 2,766 Sq/ft
  • img S$1,951.55 psf
  • img 4 Bedrooms
  • img 3 Bathrooms
S$5,398,000

Listed by : Shanna Soh

How We Work

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New Launch Projects

In our New Launch projects section, you can find the latest New Launch condos for sale, together with the property news on upcoming projects and all you need to know about new condo launches in Singapore.

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Buy Property

Searching for your dream home through our real estate database can be a fun and interactive process. You can easily find resale properties for sale such as HDB, condos and landed houses in Singapore. 

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Rent Property

Whether you are an expatriate or a citizen looking to relocate temporarily, make use of our rental properties database to find the available HDB for rent or Condos for rent. 

Singapore Property

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HOME OWNERSHIP AND INVESTMENT

There are different types of property in Singapore and 80 percent of the population stay in HDB flats also known as public housing. The rest of Singaporeans reside in private residential such as condominiums, walk up apartments and landed properties. 

Singaporeans like to invest in new launch projects and resale private condos. Other real estate asset classes include the commercial retail shops and industrial units B1 or B2 which are not subject to Additional Buyer Stamp Duty (ABSD).

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Articles

Wing Tai submit top bid of S$1,325 psf ppr for River Valley Green Parcel A

Winchamp Investment, a unit of Wing Tai Holdings submitted a bid of nearly S$464 million, or about S$1,325 per square foot per plot ratio (psf ppr), for the site next to Great World MRT station. The competing bid from Hong Realty, part of the Hong Leong Group, was nearly S$444.89 million, or S$1,271 psf ppr. The prime 99-year leasehold private housing site, known as River Valley Green (Parcel A), spans 100,032 sq ft and can accommodate approximately 380 private homes. The latest state land tender reveals a continued cautious approach from developers towards private residential sites, influenced by high interest rates and property cooling measures. Propertyforsale Managing Director, JT Chia, remarked, “The low interest in this Government tender indicates that developers are cautious, preferring smaller plots despite some interest.” He also cited the pipeline of yet-to-be-launched projects and ample supply from the first-half 2024 Government Land Sales (GLS) programme as factors influencing developers' cautious stance. Another deterrent for developers might be the complex construction considerations given the site’s irregular shape. Wing Tai’s bid was 12.5% lower than the S$1,515 psf ppr paid by City Developments (CDL) in January 2020 for the GLS site occupied by Irwell Hill Residences. Questions on Housing Demand Private home buyers have become increasingly selective this year, with price resistance making them more cautious about their choices. Property developers will remain cautious due to uncertainties about the depth of private housing demand following slower sales in 2023 and low transaction volumes in recent months amid limited project launches. Attractive Location but Competing Supply Despite River Valley Green (Parcel A)’s attractive location—adjacent to an MRT station, near Great World City mall, and River Valley Primary School—the project will face competition from upcoming new supply. About 1,780 housing units will emerge from Zion Road Parcels A and B, including around 435 long-stay serviced apartments on Parcel A, awarded in April. Parcel B, a purely residential site next door, has been triggered for release from the reserve list of the GLS programme, with its tender closing on July 18. Additional supply could arise if River Valley Green Parcel B, on the reserve list, is triggered for release. This plot can generate 580 residential units, including approximately 220 long-stay serviced apartments—a new rental concept introduced by the government in November last year. Chia estimated that the new development could achieve an average selling price of S$2,800 psf.

June 21 2024
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When will Singapore Property Prices Drop?

As one of Asia's bustling economic hubs, Singapore's property market is often a topic of intense speculation and interest. Home to a diverse population and a thriving business landscape, the city-state's real estate sector is closely monitored by investors, homeowners, and policymakers alike. Among the many questions that linger in the minds of those vested in the market, one recurrent query persists: When will Singapore property prices drop? While predicting the precise timing of property price fluctuations is akin to forecasting the weather – influenced by a myriad of factors and subject to unexpected changes – there are several key considerations that can shed light on the potential for a downturn in property prices. Economic Conditions: Singapore's property market is closely intertwined with the overall health of its economy. Economic downturns, such as recessions or periods of sluggish growth, often coincide with decreases in property prices. During these times, businesses may scale back operations, leading to reduced demand for commercial space, while individuals may postpone property purchases due to economic uncertainty or job insecurity. Conversely, periods of robust economic growth typically stimulate demand for real estate, exerting upward pressure on prices. Government Policies: Government intervention plays a significant role in shaping Singapore's property market dynamics. Over the years, policymakers have implemented a series of cooling measures aimed at curbing speculation and ensuring sustainable growth. These measures include stamp duties, loan-to-value limits, and additional buyer's stamp duties, which can impact demand and supply dynamics, thereby influencing property prices. Monitoring announcements and adjustments to these policies can provide insights into potential shifts in the market. Market Sentiment: Sentiment within the property market can sway prices in either direction. Positive sentiment, fueled by factors such as optimism about future economic prospects or favorable government policies, can drive up demand and prices. Conversely, negative sentiment, triggered by factors like geopolitical tensions or global economic uncertainty, can dampen buyer confidence and lead to price corrections. Keeping abreast of market sentiment through surveys, industry reports, and expert analyses can help gauge the trajectory of property prices. Supply and Demand Dynamics: The fundamental principles of supply and demand exert a fundamental influence on property prices. A mismatch between supply and demand – such as an oversupply of housing units relative to demand or a sudden surge in demand without sufficient inventory – can lead to price adjustments. Factors such as population growth, immigration policies, and urban development initiatives can influence both supply and demand dynamics, thereby impacting property prices. External Factors: Beyond domestic considerations, external factors can also influence Singapore's property market. Global economic trends, geopolitical developments, and shifts in investor sentiment towards emerging markets can all have ripple effects on property prices. Factors such as interest rate fluctuations, currency movements, and changes in global capital flows can introduce volatility and uncertainty into the market, necessitating a nuanced understanding of global economic dynamics. While these considerations provide valuable insights into the factors that can influence property prices in Singapore, it is essential to acknowledge the inherent unpredictability of the real estate market. Timing the market with precision is notoriously challenging, and attempting to do so carries inherent risks. As such, prospective buyers, sellers, and investors are encouraged to adopt a long-term perspective, conduct thorough research, and seek guidance from reputable industry experts when navigating the complexities of Singapore's property market. By staying informed, remaining vigilant, and exercising prudence, stakeholders can position themselves to make informed decisions in an ever-evolving real estate landscape. Property Rental Prices Drop: Although the rental market has performed well since the pandemic, a slowdown is now evident. The growth rate of the rental index for non-landed properties has been decelerating each quarter since Q3 2022, nearly plateauing with a 0.2% increase in Q3 2023. This deceleration can likely be attributed to the more than doubling of completed private residential units in 2023 compared to the previous year. The surge in supply reduced the demand for rentals among those waiting for their new homes to be finished. In 2024, property analysts anticipate that rents will experience some downward pressure as the gap between supply and demand narrows. However, we expect rental rates to remain higher than pre-pandemic levels. This is due to a considerable number of prospective renters being foreigners who may be reluctant to pay the 60% Additional Buyer’s Stamp Duty (ABSD) to purchase property, as well as private homeowners who must observe a 15-month wait-out period before they can buy a resale HDB flat.

June 15 2024
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HDB Warns Property Agents Against Unsolicited Contact Through Resale Listing Portal Amid Surge in HFE Applications

The Housing and Development Board (HDB) has issued a stern warning to property agents about approaching flat sellers through its resale listing portal to offer their services. This caution comes amid a noticeable increase in the number of agents applying for HDB Flat Eligibility (HFE) letters. The HFE letter, a crucial document indicating a prospective buyer's eligibility to purchase a flat and access grants and financing options, is now a prerequisite for scheduling viewings of units listed on HDB’s resale flat listing (RFL) service. This service, which was officially launched on May 30, allows owners or their property agents to list homes for sale directly on the Flat Portal, providing a streamlined and currently free platform for resale transactions. HDB has emphasized that property agents who are not appointed by a buyer should not contact sellers through the portal unless they possess an HFE letter.  To curb misuse, HDB has stated it will take firm action against errant property agents. Measures include banning them from the HDB Flat Portal and reporting the matter to the Council for Estate Agencies (CEA) for further investigation. Additionally, HDB will monitor whether agents applying for HFE letters end up purchasing flats within the nine-month validity period of the letter. Despite these warnings, there has been no reported misuse of the service to the CEA. The council’s spokesman affirmed that property agencies and agents must comply with the Code of Ethics and Professional Client Care, failing which they may face disciplinary actions such as fines up to S$100,000 and the suspension or revocation of their licenses. With an upcoming Build-to-Order (BTO) launch in June, there could be genuine cases of agents intending to purchase flats for personal use. Despite reassurances from estate agency executives, there is some concern within the property agent community about the potential for unethical practices. JT Chia, Managing Director of Propertyforsale Pte Ltd, expressed concern about the possibility of some agents exploiting this system, emphasizing the importance of ethical conduct and the significant risks involved in breaching regulations. As the real estate market navigates these changes, HDB’s vigilance and the adherence to ethical standards by property agents will be crucial in maintaining a fair and transparent environment for all parties involved in the resale flat market.

June 09 2024
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Why I Want to Be a Property Agent

Choosing a career path is one of the most significant decisions one can make, and for me, the role of a property agent stands out as an appealing and fulfilling choice. My aspiration to become a property agent is driven by a combination of personal interests, professional goals, and the dynamic nature of the real estate industry. Here’s a deeper look into why this career is my chosen path. Andy Chia, an associate division director from ERA Realty, shares why he became a property agent in Singapore.  Passion for Real Estate From an early age, I’ve been fascinated by architecture, design, and the concept of home. The idea of transforming spaces into places where people can live, work, and thrive is incredibly compelling. Real estate is not just about buying and selling properties; it’s about creating environments that shape people’s lives. Being a property agent allows me to be at the forefront of this transformative process, helping clients find their dream homes or ideal investment properties. Interpersonal Skills and Client Interaction One of the most enjoyable aspects of being a property agent is the opportunity to work closely with diverse groups of people. I have always been a people person, and the role of a property agent revolves around building relationships and understanding clients’ needs. Each client is unique, and tailoring my services to meet their specific requirements is both challenging and rewarding. This profession allows me to utilize my communication and negotiation skills to ensure clients have a positive and satisfying experience. The most rewarding part is definitely seeing the joy on my clients' faces when they find the perfect home. It's a significant milestone in their lives, and being able to guide them through that process is incredibly fulfilling. Every successful sale feels like a personal victory. Dynamic and Ever-Changing Environment The real estate industry is known for its dynamic nature. Market trends, economic factors, and societal changes constantly influence property values and client preferences. This ever-changing landscape keeps the job exciting and ensures that no two days are the same. As someone who thrives in a fast-paced environment and enjoys continuous learning, the role of a property agent offers the perfect blend of variety and challenge. Financial Rewards and Career Growth A career in real estate can be highly lucrative, especially for those who are dedicated and skilled. Successful property agents have the potential to earn significant commissions, and there is always room for growth. Whether it’s advancing to a senior agent position, opening a personal agency, or expanding into property development, the opportunities are vast. The financial rewards, combined with the potential for personal and professional growth, make this career highly attractive. Helping Clients Achieve Their Dreams There’s immense satisfaction in helping clients find the perfect property. Whether it’s a young couple purchasing their first home, a family upgrading to a larger space, or an investor looking for profitable ventures, being a part of these significant milestones is incredibly fulfilling. The gratitude and joy expressed by clients when they find a property that meets their needs are unparalleled rewards that make the job worthwhile. Flexibility and Independence Being a property agent offers a level of flexibility and independence that is rare in many professions. While it requires hard work and dedication, the ability to manage my schedule and work independently is a major advantage. This autonomy allows me to balance my professional and personal life effectively, ensuring a healthy work-life balance. Conclusion In conclusion, my desire to become a property agent is driven by a combination of passion for real estate, love for client interaction, the dynamic nature of the industry, potential financial rewards, and the satisfaction of helping others achieve their dreams. It is a career that not only aligns with my personal interests and skills but also offers a fulfilling and rewarding professional journey. As I embark on this path, I am excited about the opportunities and challenges that lie ahead and look forward to making a positive impact in the real estate industry. Join Andy as a Property Agent Call Andy at 83239888 or WhatsApp him if you are interested to be a property agent and he will provide guidance on related courses and CEA examinations.

June 01 2024
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New HDB Flat Portal: Streamlining the Buying and Selling of Resale Flats

Starting May 13, owners of Housing and Development Board (HDB) flats and their property agents will have the option to list their homes for sale directly on the HDB Flat Portal. This latest enhancement aims to simplify the flat buying and selling process, providing secure transactions and improved services. Ensuring Genuine Listings To maintain the integrity of the listings, sellers must register an intent to sell before posting their homes on the portal. Buyers, on the other hand, will need an HDB Flat Eligibility (HFE) letter. This letter confirms their eligibility to purchase a flat, receive grants, and access financing options, and is required to schedule viewings. “This will improve user experience and ensure transparency as the resale flat listing service aims to become a trusted listing marketplace for genuine buyers and sellers,” said HDB.  Free of Charge Launch For now, the service is free of charge. Buyers will be able to view listings and initiate transactions with sellers when the service officially launches later in May. Currently, real estate agents can only list properties on major property portals like PropertyGuru which involve fees. Other platforms, such as Propertyforsale, allow homeowners to list for free. Streamlined Listing Process The HDB Flat Portal will auto-fill listing details, including address, flat type, floor area, and floor plan from HDB’s database. Each seller can post only one listing to prevent duplicates. Sellers will receive prompts if their listing price is significantly higher or lower than recent transactions of similar units nearby, helping them make informed pricing decisions and promoting market sustainability. HDB has the authority to remove listings with unrealistic prices or misleading information. They may also seek clarifications from sellers or their agents to ensure market stability. Ensuring Market Stability The government will not tolerate disruptive behaviors by sellers or agents. HDB will collaborate with the Council for Estate Agencies (CEA) to investigate and take action against professional misconduct. Recently, the Ministry of National Development, HDB, and CEA flagged two HDB flats listed for S$2 million as misleading and unrealistic. A listing for two adjacent five-room flats in Sengkang marketed as a jumbo flat and a five-room flat in Toa Payoh with an unrealistic asking price were highlighted. Comprehensive Services for Buyers To make the HDB Flat Portal a comprehensive platform, the resale flat listing service will integrate financial calculators, loan listing services, and HFE letter information. Buyers can compare resale flat listings with new Build-To-Order flats in terms of price and remaining lease, aiding in more informed decision-making. Seller and Agent Accessibility Sellers or their agents can list homes and conduct resale transactions on a single platform. From May 13, eligible flat sellers will be contacted via email to gain early access to list their homes on the portal. They can also appoint property agents to list on their behalf. Transactions, however, will not be possible during the soft launch period. Industry Collaboration The service was developed with input from the public and industry stakeholders, including real estate agencies and property portals. JT Chia, Managing Director of Propertyforsale, supports the service, stating it helps filter out non-genuine buyers and sellers. This requirement to register intent to sell will curb practices like placing advertisements to "test the market" and eliminate repeated or fake listings by agents fishing for clients. Sellers could save on the two percent commission if they do not engage the service of a property agent to sell their HDB flat, he said. Enhanced Transparency and User Experience To enhance user experience and ensure transparency, the new listing service and its features will be accessible exclusively to buyers with a valid HFE (Housing Financial Eligibility) letter. While any prospective buyer can browse the Housing Development Board's (HDB) listing service, only those with a valid HFE letter will have access to sellers' contact details and the ability to schedule viewing appointments. Similarly, sellers must have a valid Intent to Sell to create a listing for their flats. Each seller is limited to one listing per flat to prevent duplicates, with HDB verifying each listing. These measures ensure that only qualified individuals can use the listing services for buying or selling HDB flats. Both buyers and sellers will receive information such as charts showing monthly transaction volumes and average prices for similar flats in the area over the past six months. An "automatic built-in feature" will notify sellers if their listing price is at least 10 percent higher than the highest transacted price for similar nearby units in the past six months. Conversely, if the listing price is unusually low, a prompt will also be sent. A resale flat listing will remain on its portal as long as the seller has a valid Intent to Sell. Sellers and their agents can deactivate their listing when they grant an Option to Purchase (OTP) to a buyer and reactivate it if the OTP is not exercised. A listing will be automatically deactivated in two scenarios: when a buyer submits a valuation request after obtaining an OTP, or when the complete resale application is received through the HDB Flat Portal.  These features ensure that listings on the portal are current. Prospective buyers can browse listings for current and upcoming new flat launches and resale flats available on the HDB Flat Portal. They can filter search results by location, flat type, or remaining lease. Buyers can also create a customised search profile to receive email alerts for new and resale listings that match their preferences. Each flat listing includes detailed information such as flat attributes, floor plans, photos, recent transaction prices for nearby similar flats, and area amenities. Only buyers with a valid HFE letter can book viewing appointments through the HDB Flat Portal. These buyers can also view personalised payment plans based on their approved housing grant and HDB loan amount, helping them accurately assess if the shortlisted flats fit their budget. For Property Agents Property agents will have access to a personalised dashboard offering an overview of their clients using HDB’s resale listing service. This tool will help agents provide value-added services such as budgeting advice and guidance on the next steps for their clients. Conclusion The new HDB Flat Portal marks a significant step towards a more streamlined and transparent process for buying and selling HDB flats, ensuring genuine transactions and enhancing the overall experience for both buyers and sellers.

May 14 2024
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