Firstly, recent data indicates that the sales volume of Singapore homes has hit the lowest level since 2009. This phenomenon suggests a weakening trend in the local property market, possibly due to government regulations and gradual interest rate increases. Additionally, the decline in housing sales volume may reflect cautious attitudes among buyers regarding future market trends.

Secondly, despite the decline in housing sales volume, Singapore housing prices continue to maintain a relatively stable growth trajectory. Throughout the past year, housing prices increased by 6.7%, although the growth rate has slowed down, the overall trend remains upward. However, market analysts widely anticipate that Singapore housing prices may stabilize or even decline in 2024, sparking some concerns and discussions in the market.

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Thirdly, some institutions and experts adopt a cautious attitude towards the future direction of the Singapore real estate market, predicting that the market may undergo an adjustment period. This adjustment may involve price declines and increased sales volume, ultimately leading to a relatively stable phase in the long term.

Shophouses, as a distinctive type of property in the Singapore real estate market, have garnered significant attention in recent years. Classified as commercial properties and not subject to purchase restrictions, shophouses have attracted more investor interest. The upward trend in shophouse prices is primarily influenced by supply constraints, coupled with their high preservation value, attracting the attention of more investors.

Furthermore, Chinese buyers play a significant role in the Singapore real estate market. In recent years, Chinese buyers have resumed activity in the Singapore property market, especially in the luxury housing segment. Their demand for Singapore properties has supported the market to some extent and contributed to the activity in certain segments.