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Please provide the floor plan for Prive #xx-xx.

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In the context of Singapore's real estate market, here are some key points relevant to the current situation:

Private Residential Property Prices

  • Private residential property prices saw a decline in the third quarter of 2024, marking the first dip since the second quarter of 2023. The private residential property price index decreased by 1.1% on a quarter-on-quarter basis.

Market Segments

  • Prices for landed properties decreased by 3.8% in the third quarter, while non-landed private properties saw a 0.3% decrease. Non-landed properties in the Core Central Region (CCR) experienced the largest dip at 1.5%.

Sales Transaction Volume

  • The sales transaction volume for private residential properties fell by about 11% on a quarter-on-quarter basis in the third quarter of 2024. For the first three quarters of 2024, sales transaction volume decreased by 8.1% compared to the same period in 2023.

Market Cooling Measures

  • The government introduced several market-cooling measures, including increased buyer's stamp duty rates and additional buyer's stamp duty (ABSD) rates, to promote a sustainable property market and restrain speculative buying. For instance, ABSD rates were raised in April 2023 for second and subsequent property purchases by Singaporean citizens and permanent residents.

Supply Pipeline

  • There are approximately 52,200 private housing units in the supply pipeline, expected to be completed over the next few years to cater to housing needs. This includes units that will be completed in 2024 and beyond.

HDB Resale Prices

  • In contrast to private residential properties, HDB resale prices rose by 2.5% in the third quarter of 2024, driven by strong broad-based demand and some supply tightness in the market.
These factors indicate a cautious and moderate market, with buyers being more restrained due to elevated cost of living and interest rates.
Thank you for your query with EdgeProp Buddy. As a reminder, I'm in Beta mode and it's always wise to seek counsel from a real estate professional for these types of matters.