Here’s your quick digest of the latest policy shifts, market activity, and opportunities agents should be watching.
1. Seller’s Stamp Duty (SSD) Hikes – What You Need to Know
Effective 4 July 2025, the Singapore Government has raised Seller’s Stamp Duty rates by 4 percentage points across all tiers and extended the minimum holding period from three to four years.
These changes are aimed at curbing short-term speculation amid rising subsale activity. While the overall impact on genuine buyers and long-term demand is expected to be limited, the tighter rules could moderate the pace of price spikes in the recovering market.
For Agents: Educate your clients—especially those considering a quick flip—about the higher costs of selling within four years. Position yourself as a trusted advisor to help them navigate the new landscape.
2. Thomson View En Bloc Sale Sets the Market Abuzz
On 1 July, the High Court gave the green light to the collective sale of Thomson View condominium for S$810 million—the largest en bloc transaction since Chuan Park in 2023.
The successful buyers—UOL, SingLand, and CapitaLand Development—will see owners of the 254 units pocketing between S$2.22 million and S$4.94 million each.
For Agents: Expect a ripple effect as displaced owners seek replacement homes nearby. Tap into this pool of motivated buyers and position yourself early for upcoming launches in the Thomson and surrounding areas.
3. Six Golf Courses to Make Way for Homes
The Government will not renew the leases of six golf courses, including Tanah Merah Country Club and Singapore Island Country Club. Spanning a significant 338 hectares, these sites are earmarked for progressive redevelopment into housing and community spaces, in line with Singapore’s long-term land use plans.
For Agents: Start watching for future GLS tenders and potential new residential zones. This opens doors for new housing supply—and new opportunities for you.
4. Chuan Grove GLS Draws Strong Developer Interest
The 99-year leasehold site at Chuan Grove attracted seven bidders, with a top bid of S$703.6 million (S$1,376 psf ppr) from Sing Holdings and Sunway Developments. The future 550-unit project is forecast to launch from around S$2,700 psf, reflecting continued developer confidence in the private residential market.
For Agents: This signals robust market sentiment. Prepare to engage clients interested in new launches at competitive price points—and highlight potential capital growth.
Key Takeaways for Agents
- SSD changes are designed to stabilise prices, not suppress demand—keep advising clients confidently.
- Thomson View’s en bloc success will spark replacement demand—stay close to clients in affected areas.
- Golf course redevelopments mean new future supply—watch for early land sale announcements.
- Strong GLS bids show developers remain bullish—seize the momentum in conversations with buyers and investors.
Stay sharp and ready to guide your clients through these evolving opportunities. The market may be shifting, but the possibilities for growth—and for you—remain strong.