Home sales plummet in Q3 as buyers retreat amid market turmoil, while commercial property thrives Singapore

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Home sales plummet in Q3 as buyers retreat amid market turmoil, while commercial property thrives Singapore
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SINGAPORE: In the third quarter of 2024, the landed home market saw a notable slowdown, with sales volume decreasing by 3.7% quarter-on-quarter, totalling 414 transactions.

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An influx of new non-landed property launches also influenced the landscape, prompting potential buyers to explore their options more thoroughly.

Semi-detached homes also experienced a decrease, albeit more moderate, with sales slipping from 136 to 130. Districts 13, 15, 16, 19, and 28 emerged as the most sought-after areas for landed homes during the quarter, reflecting shifting buyer preferences in a changing market.is holding steady, driven by robust demand for office spaces and a steady stream of investment inquiries, according to the Q3 2024 Global Commercial Property Monitor, as reported by theDemand for office space remains strong, showing a net balance of +25, up from +18 last quarter.

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