Deputy Prime Minister and Minister for Finance, Mr Lawrence Wong, delivered Singapore’s FY2023 Budget Statement on Tuesday, 14 February 2023, in Parliament. It seems that there is some positive news for those in search of flats. It appears that higher CPF grants may make resale flats more affordable, and a specific group of home buyers […]

In 2023, the resale market is expected to see a new batch of homes that have completed their 5-year minimum occupation period (MOP). Homeowners of HDB flats and Executive Condos (ECs) will be free to sell or rent their properties once they reach the MOP. Approximately 15,000 HDB flats and over 4,100 ECs are projected

The property market for HDB upgraders in 2023 is likely to be affected by a number of factors, including economic conditions, government policies, and demographic trends. On the economic front, the property market is closely tied to the overall health of the economy. A strong economy is typically characterized by low unemployment and high GDP

It is likely that there will be pent-up demand for new project launches in the first quarter of 2023, as many home buyers who had been waiting on the sidelines to purchase a property will be eager to take advantage of the new options that will become available. Chart 1: Unsold inventory of new private