2021 Housing Market – The Price Party is Still Going On!
Price Trend: Up, Up, and Still Up!
Home values kept climbing throughout 2021, and real‑estate gurus predict the climb will keep going as the year wraps up.
Prime vs. Fringe – The Classic “Where’s the Dough?” Battle
- Prime estates have been playing catch‑up behind their fringe counterparts.
- Fringe spots were already out‑pacing you, but lately those prime spots seem to be cracking the code.
What’s Stirring the Pot?
- Supply crunch: Not enough houses to go around, so prices shoot up.
- Low interest rates: Borrowing costs are cheap, making buying a breeze.
- Demand hits a sprint: Buyers are ready to grab a property before anyone else does.
- Economic boost: More cash in pockets means folks are willing to pay more.
In short, the market’s showing signs of a comeback in prime regions, while the fringe markets keep leading the show. Keep your eyes on the ballpark numbers – the real estate game is far from over!
How do non-landed residential prices look in Q3 2021?
Condo Market Keeps Rolling Like a Wheel in the Wall‑Streaking City
Strap in, folks—our condo prices are still on the up‑and‑away train, having hauled up for the sixth straight quarter. The URA flash estimates tell us the numbers are nudging up by about 0.9 %, a pretty comfortable stride that’s very close to the 0.8 % jump we saw in Q2.
What the Greg Gregs of Gloom Thought Would Happen
People thought Q3 would be a chill‑time fuss: the Heightened Alert (July–August) and the Seventh Month Festival (August–September) were supposed to cool things down. Guess what? Buyers just rolled their eyes and kept on buying.
Core Central Region (CCR) – A slight slide
- Prices dipped by 0.6 %—a clear dip from the blazing 1.1 % jump in Q2.
Outside of Central Region (OCR) – Hot, but still slippin’
- Prices fell a tad, dropping about 0.2 %—down from a 1.9 % rise last quarter.
- Despite this, most of the top sellers (especially in August) came from this area.
Right Central Region (RCR) – The Rocket
- Prices surged by a whopping 2.2 %. That’s a massive jump from the 0.1 % uptick in the previous quarter.
- Thanks to Normanton Park and Avenue South Residence, developers have lately been tightening prices.
All in all, the market is still beating expectations. Even with holidays, alerts, and a few cautious whispers, the condo market has kept its momentum—proof that a little enthusiasm can keep the real‑estate engines roaring!
Average prices for end-September 2021
Quick Take: Fresh Data Does Not Include ECs
Ever wondered which numbers we actually saw in the latest report? The answer might surprise you—ECs (Energy Consumptions) are not part of the dataset.
Why It Matters
- Focus on Core Metrics: The data highlight direct sales and profit pulses without the noise.
- Cleaner Comparisons: Analysts can now benchmark against similar periods without the shadow of energy cost deflection.
- Strategic Insights: This exclusion opens up fresh angles for forecasting and budgeting.
What to Watch Next
Keep an eye out for the updated footnotes—there might be a note on why ECs were omitted and how that shapes future data releases.
Final Thoughts
In plain English, the dataset now tells a brighter story of performance, minus the energy side‑kick. Let’s keep scrolling for the next headline that adds some zing to our numbers!
Condo Price Snapshot
Quick rundown of where the cool cat condos are crunching the numbers.
Central Condo Region (CCR)
- Average price: $2,387 per square foot — “living it up” has never sounded so expensive.
Regional Condo Region (RCR)
- Average price: $1,781 per square foot — still pricey, but a bit more pocket‑friendly.
Outskirts Condo Region (OCR)
- Average price: $1,374 per square foot — the budget‑friendly cousin of the luxury trio.
Bottom line: CCR offers the high‑end playground, RCR is the moderate‑market spot, and OCR keeps it on the cheap side—perfect for every buyer’s taste and wallet.
Best selling condos for August 2021*
September 2021 Best‑Seller Buzz Update
Got your eyes peeled for the September 2021 best‑seller list? Unfortunately, we’re still waiting on the official numbers.
What’s the Situation?
- The official data haven’t dropped on the pedestal yet.
- We’re monitoring the source lines like a detective on a gripping mystery.
- When the list finally sparkles, you’ll get the first coffee‑lover’s buzz.
Why Keep Waiting?
Because every page turn, every story grabs a whole world of imagination—so we make sure we have the full scoop before we spill!
How You Can Stay in the Loop
Before our new update lands, follow us on Stacked. We’ll drop a live‑tweet and an honest, bite‑size teaser so you won’t miss a single line of that bestseller frenzy.
Quick Tips for Staying Updated
- Check Staked’s feed daily.
- Enable push notifications to catch the announcement instantly.
- Join the discussion threads—the conversation is half the fun.
Hang tight, you literary adventurer! The best sellers are coming—just a few days from our fingers crossed next!
Quick Breakdown of Development Areas
Here’s the low‑down on where each project is headed:
Where Each Project Lives
- Leedon Green – CCR
- Normanton Park – RCR
- Avenue South Residence – RCR
- All other developments – OCR
So if you’re wondering where the rest of the projects fall, the answer is simple: they’re all nestled in the OCR zone. No surprises—just a tidy categorization that keeps the planning process smooth and the developers happy.
Despite the CCR’s apparent slowdown in Q3, there are two reasons they could start catching up now
Luxury Home Boom Hits Record Highs in 2021
Les Maison Nassim Shocks Market
Back in August, the upscale estate Les Maison Nassim dropped jaws across the board with a staggering sale of $5,786 per square foot. That translated to a massive $35 million transaction, solidifying it as the top gig of the month.
Why This Matters
- It shows how quickly the luxury property scene is heating up.
- Price per square foot is skyrocketing—buyers are willing to pay premium for prime spots.
- Incredible deals like this are a sign of a vibrant market, and potential sellers can feel confident.
Feeling the Heat?
Imagine walking into a home that not only looks like a palace but sits atop a streaming of $5,786 per square foot. That’s the new standard—where opulence meets an ever‑rising price tag. It’s a trend that’s kept real‑estate mavens on their toes and fans of high‑end living yearning for their own slice of luxury.
Bottom Line
Less than a year ago, such numbers were dreams. Today, they’re headline news. No wonder the luxury market feels like a roller coaster—because when the ride is that pricey, it’s textbook thrilling.
Park Nova’s Pop‑Up: A Boutique Boom in Orchard
Only a handful of units have gone on the market at Park Nova – yet the first 18 have already been snapped up, averaging a whopping $5,016 per square foot. That’s not just a good deal, that’s a tiny fortune for any buyer looking for a big slice in a prime spot.
Prices That Talk
- The cheapest unit sold for $6.7 million, a price that could buy a landed home in a rather decent location elsewhere.
- These properties are exclusive by design, so if you miss out, you’ll probably have to broaden your search.
New Launches Got a New Name: The 2021 Curtain Calls
Bang! Another wave of launches is rolling in – Canninghill Piers and Perfect 10 are just the tip of the iceberg. If you’re scouring the Core Central Region (CCR), keep your eyes peeled. The market’s a buffet, and the servings are plenty.
The Foreign Buyers Make a Comeback
What’s driving these overseas investors? A mix of political turbulence in neighboring Hong Kong and restrictions on tech elites in China have pushed many to look at Singapore as a safer haven.
In July and August 2021, 16 % of CCR sales were from foreign buyers, doubling the 8 % rate of the previous quarter. This surge is clear evidence that the market’s really heat‑seeking anew.
Price Tweaks to Catch Their Eye
Developers are dialing prices down slightly – a strategy to attract wealthy buyers from China. While these price dips might catch the eye, they’re not the sole concern for high‑net‑worth buyers; prestige and location are bigger priorities.
Border Measures Are Relaxing – Call the Doorbell!
With easing border restrictions, it’s a prime time for international investors. If you’re thinking about buying property in Singapore, now’s the moment to make that move before the market spikes.
Quick Peek at the Entry Categories (as of 13 Oct 2021)
- I – Hong Kong, Macau, Mainland China, Taiwan
- II – Australia, Austria, Bahrain, Belgium, Bhutan, Brunei, Bulgaria, Canada, Croatia, Cyprus, Czech Republic, Denmark, Egypt, Fiji, Finland, France, Germany, Greece, Iceland, Ireland, Italy, Japan, Liechtenstein, Luxembourg, Malta, Netherlands, New Zealand, Norway, Poland, Portugal, South Korea, Saudi Arabia, Slovakia, Spain, Sweden, Switzerland, Turkey, UK, USA, Vatican City
- III – Estonia, Latvia, Lithuania, Maldives, Slovenia
- IV – All other countries/territories
- VTL – Current: Germany, Brunei; From Oct 19: Canada, Denmark, France, Italy, Netherlands, Spain, UK, USA; From Nov 15: South Korea
Health & Safety Checks (Vaccine Status)
- Fully‑Vaccinated – No Self‑Quarantine (SHN)
- Unvaccinated – 7‑day SHN (at home or hotel)
- Category I – No SHN required
- Category III – 10‑day SHN (home or hotel), 10‑day SHN (hotel only)
- Category IV – 10‑day SHN (hotel)
In short, the CCR developers stand to ride a smooth wave through 2021 — even with Covid‑19 playing its part and virtual viewings making the whole process a bit of a juggling act.
Ready to jump in? Grab the opportunity before the market’s next big wave hits.
For home buyers, it may be minor relief that prices seemed to slow in the CCR
Why a Market Slowdown Might Be Your Lucky Day
Let’s be real—trying to read the market from a single quarter is like folding a pizza dough just once and hoping for a perfect loaf. But hey, when the real estate rollercoaster has been throwing loops, even a tiny pause is a win‑win for first‑time buyers and those eager to upgrade.
What the Pros Are Saying
- Realtors note that the “crowded” prime area launch schedule hasn’t been the same lately. The fancy new builds that used to pop up on every corner are now more like rare ice cream flavors: special occasions, not everyday treats.
- Meanwhile, the “do‑it‑yourself” crowd that loves those open‑air, crowning roofs (OCR) keeps piling on, pushing supply towards the “quick‑sell” level.
Resale: It’s Not a Bad Idea…
Because the supply is slipping as fast as a missed beat in a playlist, the best next step? Keep an eye on resale properties. They’re the hidden gems that might just fit what you need, and you’ll have the advantage of an established layout rather than starting from scratch.
Stay Informed with Stacked
We’ve got the deepest dives on new builds and resale homes—one of a kind reviews so you’re never caught off‑guard. Follow us and stay ahead as every market twist spins into new chances.
— This note first hit the news in Stackedhomes.
