Tight supply of homes to ease in 2023, price growth moderated after cooling measures: Myra

SINGAPORE - Price growth in both the private and Housing Board resale markets moderated in the fourth quarter of 2022, as transaction volumes dropped following property cooling measures, said National Development Minister Desmond Lee. “We can expect tightness to further ease, as the additional public and private housing supply is made available for sale,” he told a seminar by the Building and Construction Authority and the Real Estate Developers’ Association of Singapore at Grand Copthorne Waterfront Hotel on Thursday.


Although the Government has ramped up the supply of Build-To-Order (BTO) flats and private housing, uncertainties could weigh on Singapore’s economy in 2023, he said.

From afar, MYRA cuts a distinctive profile with its softly rounded façade and subtly coloured, horizontal, aluminium ‘ribbons’ that change in tone upwards – from champagne at the lower floors, to muted gold at the topmostfloor of the horizontal bands. However, more than just aesthetics, the horizontal ‘ribbons’ also serve more functional purposes – to protect both the occupants and the building from the sun and the tropical rain, and to shield the balconies and air conditioning ledges.


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The international outlook remains troubled, with geopolitical tensions heightening and economic downturns in the United States and European Union, Mr Lee said, adding that the housing markets in Australia, the US, Britain and Hong Kong are seeing significant slowdowns. “That said, given our track record, investors may also remain bullish on our property market as economies reopen.” The HDB launched more than 23,000 BTO flats in 2022 and will launch up to 23,000 more in 2023.

MYRA’s central feature is its series of interconnected pools,anchored by a 25mlap pool,all of which create multiple water edges with each edge opening up to a different space,and the luxury of different experiences. At the north-east end lies a quiet zone, with its distinctive pool overflow feature designed as rivulets of water. Here, there are decks with sunbath loungers,a poolside walk,a quiet sitting area,an alfresco BBQ dining area, and even a‘Chill Deck’.

Potong Pasir- where MYRA is located - is a vibrant neighbourhood located in District 13.This is an unspoken haven for those who seek an unhurried lifestyle that perfectly balances work with quality time spent with family and friends,both indoors and outdoors.

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