Singapore residential property

Decline in net profit comes largely from fewer transactions in primary and secondary markets

Don’t disadvantage children who live further away from enrolling in a sought-after institution

The most red ink spilled in a single transaction during the quarter is S$2.1 million

The estate’s collective sale bid remains short of mandate ahead of Sep 20 deadline

Property players say move is a ‘long time coming’ though it may not necessarily translate to more sites being sold

Without the need to wait 15 months, more owners may trade private homes for premier HDB resale units

Analysts expect auction activity to stay resilient in H2, particularly in the residential and industrial segments

Watch out for inequality and negative wealth effects as prices moderate broadly, but the premier segment strengthens 

Rents rise the most for landed homes, while prime area condos outpace other regions and suburban rents ease