A pivotal moment in 2023 was the World Health Organisation’s declaration on May 5th that COVID-19 no longer constituted a public health emergency of international concern. This declaration marked a turning point, paving the way for the property market to rebound from the challenges posed by the pandemic in the preceding years.
2023 at a glance:
- Government intervention stabilised property prices
- Million dollar flats are becoming a norm
- HDB resale volume returning to pre-Covid levels
- 2024 Potential Supply
Expectations for 2024
- Condo market growth to slow down
- New HDB classification to reshape the real estate landscape
- Challenging rental market ahead
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The information, data, and predictions on this section of the review are provided for informational purposes only and are not guaranteed to be accurate, reliable, or complete. They are speculative, based on market trends and predictive modelling, and should not be relied upon for decision-making. 99.co is not responsible for any errors, omissions, or any losses or damages arising from the use of this information. Readers should conduct their own research and consult professional advisors before making any decisions. By continuing to read this review, you acknowledge and agree to use the information at your own risk.
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