2021 continues to be an interesting year. First-time homeowners continue to keep their fingers crossed, hoping for a break; while at the same time sellers wonder if now’s the time to sell (if you sell high, you might buy high too right?) Through it all, the soft rental market suddenly shows signs of turning around. Here’s an update on the Singapore private property market, in the unusual month of August 2021: What’s unusual about August 2021? In summary, we’re seeing:

• HDB resale prices bounced back after the June dip
• The highest number of million-dollar flats sold in a single month
• A 23.6 per cent drop in new condo sales
• Property agent transaction data has gone public

As an interesting aside, the car park on top of People’s Park Complex was finally sold in August....