Singapore Properties Market in 2023

Singapore's property market is an integral element of the local economy and has a major effect on GDP. It encompasses residential, commercial, industrial and retail properties.

Home prices in Singapore have seen a rapid rise in 2023 and over the last several years, with some experts anticipating they will double within 10 years. Unfortunately, high interest rates and new cooling measures have created challenges for the market, making it harder for new buyers to enter and existing homeowners to refinance their mortgages.

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Furthermore, they can assist with the purchase of a land property or house. For private properties, they charge a commission rate between 1-2% to both parties: 1-2% to the seller and 1% to the buyer.

Buying or selling properties in Singapore can be complex

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