Discover upcoming condo launches in Singapore

Transaction numbers dropped after the ABSD was raised in 2021's cooling measures and again in 2023's raising of ABSD for foreigners from 30% to 60%. Even though transaction volumes were steadily lower, the prices remained resilient with new launches seeing a drop in price due to foreigner ABSD increase. This 2023 cooling measure has led to a huge increase in foreigners applying for Singapore PR status in 2024 to save on ABSD. I expect to see a lot more Singapore PRs being approved soon and entering the real estate market in 2025 and beyond

Prices as at 31 May 2024

“Property market bears expect slower population growth, an ageing population, and a structural growth slowdown to weigh on the long-term property market outlook. We disagree and believe home prices will double by 2030. That implies a 5 to 6 percent increase per annum and would mark a reversal from a long downtrend in home prices." - Morgan Stanley (2017)