Singapore Property Index Q1 2019

In Q1 2019, the PropertyGuru Property Index, which tracks housing supply in Singapore fell by over 13 percent from the previous quarter. The slowdown could be attributed to the property cooling measures that were rolled out in July 2018.

Price declines were also observed in the prime districts, where home prices saw the first quarterly dip since Q4 2016 – the peak of the previous round of property cooling measures.

A 9.91% decline in asking prices for luxury properties within the prime districts could signal a start of a trend

Price Index

0.3

Supply Index

13.4

Singapore Property Index Q1 2019

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