05/11/2023
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๐ด ๐๐๐๐๐๐๐๐๐ ๐๐๐๐๐๐ (๐๐ ๐๐๐๐)
The latest government data on Singaporeโs private housing and public housing markets for the third quarter points to signs of price stabilisation, on the back of high interest rates, cooling measures and cautious economic sentiments denting buying demand. In the leasing market, amidst a jump in housing completions in Q3, demand and supply appear to be balancing out and moderating rental growth.
Prices of resale ๐๐๐ flats inched up 1.3% in the third quarter of this year, lower than the 1.5% hike in Q2. The rise in Q3 remained below the average quarterly growth of 2.5% in 2022. Meanwhile, transaction volumes of resale flats rose 2.8% in Q3 to 6,695 units, from the 6,514 units in the previous quarter. Year on year, this was an 11.3% decline. The resale volume was the lowest recorded in the third quarter over the last three years. Among HDB unit types, five-room and executive flats accounted for a smaller proportion of total sales in Q3. There were 128 million-dollar deals in the third quarter, 24.3% more than the 105 deals recorded in the previous quarter.
The number of ๐ฝ๐ฟ๐ถ๐๐ฎ๐๐ฒ ๐ต๐ผ๐บ๐ฒ๐ sold dropped 3.5% to 5,201 units in Q3 2023 from 5,388 units in the previous quarter. There were declines in both developer sales and in the resale market, though sub-sale volumes rose to 355 units in Q3 2023 from 285 units in Q2 2023. Even though private home prices rebounded from a 0.2% drop in the previous quarter, this is the second straight quarter where price gains are less than 1% and below a quarterly average growth of 2.1% in the past three years. Year to date, the price index grew at a slower pace of 3.9%, compared with 8.2% in the same period in 2022 and 5.3% in 2021.
"๐๐ฐ๐ถ๐ค๐ฉ๐ช๐ฏ๐จ ๐๐ช๐ท๐ฆ๐ด,
๐๐ฐ๐ฏ๐ฏ๐ฆ๐ค๐ต๐ช๐ฏ๐จ ๐๐ฆ๐ฐ๐ฑ๐ญ๐ฆ ๐๐ฉ๐ณ๐ฐ๐ถ๐จ๐ฉ ๐๐ฆ๐ข๐ญ ๐๐ด๐ต๐ข๐ต๐ฆ.."
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