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Government bumps up supply of private homes for full-year 2023 to highest in a decade. Orchard Road, Zion Road sites among 8 state land plots to be offered in H2 for private housing. Charming Garden makes third and final bid at collective sale with same S$175 million guide price. When new condo units are pricier than older ones by over 70 per cent. New private home sales up 17% in May from April, on the back of a doubling in launches.
Government bumps up supply of private homes for full-year 2023 to highest in a decade. Orchard Road, Zion Road sites among 8 state land plots to be offered in H2 for private housing. Charming Garden makes third and final bid at collective sale with same S$175 million guide price. When new condo units are pricier than older ones by over 70 per cent. New private home sales up 17% in May from April, on the back of a doubling in launches.

Ninth Consecutive Interest Rate Hike?! How Will Singapore’s Property Market Fare?

Fed Interest Rates & Singaporean Mortgage Affordability

The U.S. Federal Reserve has made an announcement earlier in March that interest rate hikes have been planned going forward. Investors are expecting 7 rounds of rate hikes this year, possibly more going into 2023 and 2024. Do you know how much more your monthly mortgage might cost?