Will Singapore Property Market Crash In 2024?

🏠 Is a Property Market Crash Looming in Singapore? 🇸🇬

HDB Resale Market Insights: 🔄🏡

In 2021, HDB resale transactions hit their peak but have been gradually decreasing. With 100,000 new BTO flats planned from 2021 to 2025, there's a surplus compared to pre-pandemic years.

Big Changes in the Property Landscape: 🌆🔄

HDB is rolling out a whopping 100,000 new BTO flats by 2025, creating a surplus.

Private Property Sector Shifts: 🏘️💼

Expect lower completed units in private properties, but brace for impact as 8 new government land sales has been announcedin 2023. The ABSD hike in April 2023 has triggered a decline in condo transactions.

The Verdict: 💭📈

Amidst these shifts, experts predict a small correction rather than a major crash in the property market, unless faced with a recession like the Dot Com Bubble or Global Financial Crisis.

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