Singapore Property Index Q1 2018
The PropertyGuru Property Index (Singapore, Price) rose by 3.4 percent to 102.6 in Q1 2018 from 99.2 in the previous quarter. This marks the fourth straight quarter of increases in supply pricing. On a yearly basis, the Index jumped by 9.3 percent from Q1 2017.
Several factors have influenced sellers to raise their asking prices, such as developers’ confident land bids, high demand for properties and a general fervour around en bloc property.
A higher cost of supply from Government Land Sales and en bloc sites are likely going to continue driving seller pricing up.
Property Index (Price)
102
3.4 percent increase quarter-on-quarter
Property Index (Supply)
121
16.3 percent decrease quarter-on-quarter
Previous Reports
Singapore Property Index Q4 2017
In the fourth quarter of 2017 (Q4 2017), the PropertyGuru Property Index (Singapore, Price) rose to 99.2, a 2.1 percent increase from Q3 2017...
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Singapore Property Index Q3 2017
The third quarter of 2017 (Q3 2017) saw the PropertyGuru Property Index (Singapore, Price) recover to 97.1, a 3.2 percent quarter-on-quarter (Q-O-Q) increase from Q2 2017, reflecting more positive seller sentiment, after a steady decline from Q3 2015....
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