Mixed signals in private housing; possible oversupply of agents

THINGS appear rosy for Singapore’s private housing market, judging by the surge in the number of sub-sales and the profitability of such transactions.

There were 1,294 sub-sale transactions of private homes in 2023 - the highest level since 2013 and a 69.2 per cent jump from the previous year. 

The Urban Redevelopment Authority’s data showed that sub-sales accounted for 9.5 per cent of all private housing deals in Q4 2023.