09/12/2019
Based on URA data, private home prices rose a second consecutive quarter in Q3 2019 by 1.3%, after 2.0% in Q2. This increase is mostly driven by newly launched projects, which buyers have been lately observed to gravitate towards at the expense of resale property according to the latest PropertyGuru quarterly report.
Savills recommended that the current private residential market be left “unperturbed” despite the rising prices and economic conditions.