One major challenge facing the Singapore real estate market is the high cost of housing. Despite the government implementing a series of measures to control housing prices, the prices remain high due to population growth and the advancement of urbanization. This has made it difficult for many young people and low to middle-income families to afford the cost of homeownership, leading to an exacerbation of social inequality issues.

The government needs to optimize land use further, increase housing supply, and explore more housing options and purchasing methods to cater to homebuyers of different levels and needs.

Secondly, with the increasing uncertainty in the global economy and the escalation of trade wars, the Singapore real estate market faces the risk of a decline in international investments.

International investors may reduce their investments in the Singapore real estate market, thereby affecting market liquidity and stability. The government needs to take measures to attract more international investments while also encouraging local investors to participate in real estate market investments and developments.

With the rapid advancement of technology, the Singapore real estate market is also undergoing a transformation towards digitization and smart solutions. The application of new technologies will change the way people demand and use real estate, providing more opportunities and room for innovation.

For instance, smart home technologies can enhance housing comfort and security, virtual reality technologies can provide homebuyers with more realistic house viewing experiences, and blockchain technology can offer a more secure and transparent transaction environment. The government and industry need to collaborate closely to seize these opportunities and drive the digital transformation of the real estate market.

An important opportunity that the Singapore real estate market faces is sustainable development. With the increasing global environmental awareness, more and more homebuyers are beginning to pay attention to the environmental friendliness and sustainability of real estate projects.

The government and industry need to actively promote green buildings and sustainable development, encouraging developers to adopt environmentally friendly technologies and materials. Additionally, there is a need to raise homebuyers' awareness and sense of responsibility towards environmental conservation.