School Zones & Dream Homes

CY Lau
Nov 25
3 min read

Updated: 6 days ago

Published by CY Lau | Real Estate

As parents, you’re constantly planning for the future – from primary school choices to family holidays. But what about the roof over your head?

The world of real estate can seem like a puzzle, but understanding how it’s moving is vital, especially when it comes to finding the perfect home for your kids. Recent updates on how properties are being bought and sold in Singapore during July, August, and September (Q3) of this year offer some simple but important clues for every family.

Fewer Big Deals, More Room to Breathe? A Simple Look at Q3

Think of Singapore's property market like a giant game of Monopoly. In the last three months (Q3), there were fewer "big buys" or large-scale land purchases by developers. In fact, the total amount of money spent on property investments was much lower – like reducing the number of big hotels being built on the board.

Why did this happen?

Less Land for Sale: The government offered less big plots of land for developers to build on.

Fewer Large Resale Deals: There weren't as many huge apartment blocks or groups of houses being sold all at once.

Foreign Buyers Took a Step Back: Changes to property taxes made it less attractive for overseas investors to buy here.

What this means for your family:

Don't let the big numbers confuse you. Essentially, a slowdown in these giant property deals often means that the market is cooling down a bit . For you, the parent looking for a home, this could be a good thing.

How Does This Affect Your Search for a Home?

This shift in the market has some direct implications for you and your family:

Perhaps Less Intense Price Hikes: When there's less big money flowing in, property prices tend to grow more slowly, or even stabilize. This could mean less competition and potentially more affordable options for families who felt priced out before.
Fewer New Condo Launches (Later On): If fewer big plots of land are sold now, it means fewer brand-new condo projects will be hitting the market a few years down the line. If you prefer a new home, this means choices might be more limited then, and you might need to act sooner or consider existing homes.
HDBs and Resale Condos Get More Attention: With fewer brand-new options emerging, the demand for well-located HDB flats or existing (resale) condos might increase. These are often where families find the best balance of space, location, and price.

Your Family's Game Plan:

This market update isn't just news; it's a guide to help you think about your next steps. Here's how to apply this knowledge instantly:

Don’t Rush, But Don’t Delay Indefinitely: The market might be stabilizing, giving you a bit more breathing room. Use this time wisely to research and visit homes, rather than feeling pressured by rapidly rising prices. However, if you see a home that truly fits your family’s needs and budget, don’t wait too long as good opportunities can still go quickly.
Re-think "New vs. Resale": If you were set on a brand-new condo, expand your search to include resale condos and HDBs. You might find more space, better locations (especially near good schools!), and mature amenities that are perfect for family life, potentially at a better value.
Location, Location, Location (Still Matters Most!): With fewer new developments, the value of existing homes in key family-friendly locations (near schools, parks, MRT, or your workplace) will likely remain very strong. Prioritize finding a home in a neighborhood that genuinely supports your family's daily life.
Know Your Budget – Inside and Out: This cooling period is a great time to truly understand what you can comfortably afford, not just now, but also through potential interest rate changes. Speak to a bank or financial advisor to get a solid plan.

Singapore's property market is becoming a little calmer, which can be good news for families looking for stability and affordability. Instead of a mad rush, this period calls for a thoughtful, well-researched approach. Prioritize your family's long-term needs over short-term trends, and you'll be well on your way to finding that perfect home where your kids can grow and thrive.