Singapore Property Market Review 2023

2 min read
A pivotal moment in 2023 was the World Health Organisation’s declaration on May 5th that COVID-19 no longer constituted a public health emergency of international concern. This declaration marked a turning point, paving the way for the property market to rebound from the challenges posed by the pandemic in the preceding years.

2023 at a glance:

  • Government intervention stabilised property prices
  • Million dollar flats are becoming a norm
  • HDB resale volume returning to pre-Covid levels
  • 2024 Potential Supply

Expectations for 2024

  • Condo market growth to slow down
  • New HDB classification to reshape the real estate landscape
  • Challenging rental market ahead

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The information, data, and predictions on this section of the review are provided for informational purposes only and are not guaranteed to be accurate, reliable, or complete. They are speculative, based on market trends and predictive modelling, and should not be relied upon for decision-making. is not responsible for any errors, omissions, or any losses or damages arising from the use of this information. Readers should conduct their own research and consult professional advisors before making any decisions. By continuing to read this review, you acknowledge and agree to use the information at your own risk.

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Looking to sell your property?

Whether your HDB apartment is reaching the end of its Minimum Occupation Period (MOP) or your condo has crossed its Seller Stamp Duty (SSD) window, it is always good to know how much you can potentially gain if you were to list and sell your property. Not only that, you’ll also need to know whether your gains would allow you to right-size to the dream home in the neighbourhood you and your family have been eyeing.

One easy way is to send us a request for a credible and trusted property consultant to reach out to you.

Alternatively, you can jump onto’s Property Value Tool to get an estimate for free.

If you’re looking for your dream home, be it as a first-time or seasoned homebuyer or seller – say, to upgrade or right-size – you will find it on Singapore’s fastest-growing property portal

Meanwhile, if you have an interesting property-related story to share with us, drop us a message here — and we’ll review it and get back to you.

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