Many Singapore residents track the housing market here closely and have views on where the market is heading. This is unsurprising given the high homeownership rate among residents.
People can access loads of data from the Housing and Development Board (HDB) and the Urban Redevelopment Authority (URA), as well as reports by property consultants and the media to help them analyse the housing market.
Still, what often captures people’s imagination are outliers in property transactions. Think of a home in a Good Class Bungalow Area that sells for over S$80 million, or leases out for more than S$120,000 a month. Or a condominium unit that fetches over S$5,000 per square foot (psf). Or an HDB resale flat that transacts for S$1.5 million.
