Singapore’s Condo Price Surge is influencing buyers' decision making in a constantly changing housing market

Almost 1,000 new condo enthusiasts transcended into Suntec Convention Centre for PropertyLimBrothers inaugural New Launch Convention 2024, which seeks to analyse over 80 of Singapore's past and upcoming new launch condominiums. The convention, supported by the personal finance platform Seedly and event partner Unearthed Productions, was held on 7 July 2024 at the Suntec Convention Centre Hall 404.

As the only real estate-focused creative agency in Singapore, PropertyLimBrothers Media seeks to be a media powerhouse with an exclusive and niche focus on real estate by crafting high-quality digital media and marketing content.

In addition, their trademark PLB Signature Home Tour Videos has enabled the team to market properties to their fullest potential, continuously bringing new value to the real estate sphere.

The New Launch Convention 2024 is designed as a platform for current and potential homebuyers to gain critical market insights and exclusive frameworks for choosing the right new launch property, which focuses on analysing new launches for maximum capital appreciation.

Given Singapore's booming condo market, with average prices for Core Central Region (CCR) units jumping 41% from 2013 to 2023, attendees have been able to walk away with essential tools, in-depth analysis, and expert knowledge to navigate the new launch property market confidently.

Empowering homebuyers through property knowledge

Speakers at the convention discussed a wide range of topics, such as eye-opening trends, the explicit focus on new launch condominiums, and strategies for selecting the optimal unit for ease of exit and maximum capital appreciation.

For instance, PropertyLimBrothers Associate Listing Lead George Peng touched on the Disparity Effect Pricing Strategy of Selecting a New Launch Condo for Maximum Appreciation Potential with three key takeaways from the session.

Firstly, the 10% per square foot (PSF) Delta is a methodical approach to accurately studying the PSF price based on Normalisation. Secondly, the PSF 5 Quantum Disparity explains how quantum is as important as PSF. Lastly, the Value Stack Framework is PropertyLimBrothers holistic approach to New Launch Property selection.

In addition, with new launches accounting for 40-50% of monthly property transactions in Singapore, the convention was a prime opportunity to gain critical market insights and exclusive frameworks for choosing the right new launch property.

The turnout at the New Launch Convention 2024 is testament to Singapore's strong, sustained interest in the new launch market," said Mr Melvin Lim, Co-Founder of PropertyLimBrothers. "Especially as land scarcity is a constant concern."

He also shared that beyond just buying and selling property, PropertyLimBrothers shares deep analysis frameworks from the lens of property investors, which allows consumers to make optimal decisions as they navigate the market that dictates where we all work and live.

The Future of Singapore’s Property Market

Singapore's Property Market has been growing over the past few years, with many more homes reaching record-breaking transactions in an increasingly competitive property market.

However, Singaporeans often choose HDBs due to the various government grants they offer for the greater living space and affordability they offer. On the other hand, buyers focused on asset progression tend to opt for condominiums.

In addition, condos require a higher initial down payment, but they are seen as a strategic investment for those looking to build wealth through property appreciation and potential rental income.

Building on the momentum, PropertyLimBrothers aims to establish itself as a cutting edge-prop-tech arm devoted to developing proprietary tech tools designed to bolster our analytics and research capabilities with a future-forward range of tools that empower consultants with best-in-class analyses and information on the real estate market, allowing them to deliver added value to our clients consistently.