For the year 2024, what can we expect from the home sale market

For the year 2024, what can we expect from the home sale market?

In the following year, there might be 38 launches like Tembusu Grand.

According to Huttons, an expert in real estate, the new Tembusu Grand Price residential market would perform better in 2024 than it did in 2023. He is “cautiously optimistic” about this prediction of Tembusu Grand Showflat.

As a result of the more optimistic economic picture that is anticipated for the year 2024, Huttons stated that developers are anticipated to sell between 7,000 and 8,000 apartments.

“Developers are growing in confidence, as indicated by their willingness to pay more to secure good sites in the most recent few Government Land Sales tenders,” Huttons noted. “This is confirming that developers are becoming more confident.”

There may be 38 launches in 2024, with an anticipated total of 11,636 units. One of these launches is the 512-unit EC project known as Lumina Grand, which is located in Bukit Batok West Avenue 5.

There is a possibility that up to 2,968 units will be introduced in the Core Central Region in 2024. This region was significantly influenced by the increase in the ABSD rate in 2023.

“Some of the potential major launches include Aurea, which was formerly known as the Peace Centre/Peace Mansion, Marina View Residences, Newport Residences, and Skywaters Residences,” Huttons stated.

As for the Rest of Central Region (OCR), there is a possibility that major launches may take place in 2024 at Bukit Timah Link, the former Meyer Park, Jalan Tembusu, Marina Gardens Lane, The Arcady at Boon Keng, and The Hill @one-north.

According to Huttons, “There may be up to 3,085 units,” which is approximately 27% less than the launch of more than 4,200 units in the RCR in 2023.

Twelve of the 38 anticipated debuts will take place in the first quarter of the year 24. These launches will include Haig Road, Hillhaven, Lentoria, Lumina Grand (EC), The Arcady at Boon Keng and The Hillshore, Jansen House, Koon Seng House, Lentor Mansion, Marina View Residences, SORA, and The Hill @one-north.

OLA Executive Condominium Showflat is open for online bookings. You can now register online to receive direct developer discount offers and prices.