ERA Singapore’s Post

Ottawa’s #resalehomes market continues to show positive signs, including increased transactions and rising prices, according to The Ottawa Real Estate Board #realestate #housingmarket #homebuying

🔥 Condo Resale Frenzy: Prices Soar, Volumes Skyrocket! 📈 Condo resale prices in Singapore climbed a staggering 1.5% in April, hitting a 13-month high in transaction volumes. The suburbs led the charge with a 7.1% year-on-year price growth, fueled by recent condo launches transacting above $2,000 psf. 🌇 The Core Central Region (CCR) saw a remarkable 3.7% quarter-on-quarter price increase in Q1 2024, outpacing the 0.9% rise in the Outside Central Region (OCR). This surge was likely driven by the completion of new condo units in recent months. 💰 Despite the punitive 60% Additional Buyer's Stamp Duty (ABSD) rate for foreign buyers, a staggering $8.7 million was paid for a 99-year leasehold unit at Corals at Keppel Bay, setting a new benchmark for resale prices. 🤔 With demand outstripping supply and buyers scrambling for limited new launches, the resale market has become a hotbed of activity. But can this frenzy be sustained, or is it a bubble waiting to burst? Share your thoughts below! #condoresale #singaporeproperty #realestate #investmentopportunities #housingmarket https://lnkd.in/gsJwAdaR 🗺️🏗️🏫🏪🏭🏬🏣🏢🏘️🏦 As a Top 5% Realtor and Senior Leader, I’m dedicated to making a lasting positive impact. I offer tailored training in Emotional Resilience to drive success and foster growth in the Real Estate industry. Let's connect and explore how we can work together!

In August 2023, the Ottawa Real Estate Board (OREB) reported a marginal increase of 6% in residential property sales compared to the same month last year, with a total of 1,196 properties sold. This includes a 7% increase in freehold properties and a 2% rise in condominium properties. However, these numbers are still below the five-year average for August sales, which stands at 1,525 units.

As we enter 2024, what are the market trends for new launches and resale condos? The property market has seen some notable changes over the year, but one of the more obvious differences is the price gap between new launches and resale condos. With new launches now at around $2,000 psf and above, an increasing number of buyers - including HDB upgraders - are starting to feel priced out. But how wide is the gap between new and resale right now, and what are some of the other factors to consider when choosing? #dannyhanpwp #hollandproperty #NewLaunch2024 #ResaleCondo

For the first time in history, the median house price in Brisbane has surpassed $900,000. Additionally, when comparing the performance of houses and units across Brisbane over the last 12 months, the unit market has increased in capital value and rental price growth MORE than the housing market throughout the city. For a more detailed analysis of what's happening in the Brisbane property market, please read the article below. Thanks again to Craig Francis and Australian Property Investor Magazine for publishing my article. #brisbaneproperty #brisbanepropertymarket #brisbanehousevalues #brisbaneunitvalues #streamlinepropertybuyers #buyersagentbrisbane https://lnkd.in/gAXJeyNu?

The frequency of profit-making resales fell to 93.1% in Q2 2023, down from 94.1% for the first three months of this year and well below the peak of 99.3% recorded in Q4 2021. Chief Property Economist Kelvin Davidson said resale profits continue to fall as the country’s housing market downturn flows through to softer resale results. “A further increase in the share of property resales being made for a loss seems likely in the next few quarters, even as property values stop falling,” Mr Davidson said. Learn more https://lnkd.in/gK4ZXxQp #propertydata #dataanalytics #painandgain #CoreLogic #nzrealestate

Montreal’s Resale Market Starts 2024 on Strong Note: The Quebec Professional Association of Real Estate Brokers (QPAREB) has just released its residential real estate market statistics for the month of January 2024. All median prices were up when compared to those of last year. The median price of condominiums stood at $390,000, an increase of 5 per cent. Single-family homes sold at a median price of $535,000, an increase of 7 per cent compared to last year. With a median price of $722,500, plexes also saw a 7 per cent jump for the period. Read the full article here: https://lnkd.in/dbGWpCEh

Montreal Gazette: Montreal real estate sees unseasonable surge in sales of $1M-plus homes according to Sotheby's International Realty Canada's Top Tier Real Estate Report:

There have been many discussions about how the per-square-foot (psf) prices of new launch condos have been trending upwards recently. No one knows how far up it’ll continue to rise, so you should count your blessings if you can find good-location condos below these psf pricing trendlines. The next question would probably be, how did this happen (or why is this happening)? Or, indirectly, if you’re a current condo owner, will we see similar patterns with resale and sub-sale prices? #Resale #Condo #MicahLimRealEstate

Sales of net-leased properties should slow further this year as the supply of single-tenant spaces outpaces demand and the tax-deferred exchange market eases, according to Daniel Taub, a Marcus & Millichap executive.