Singapore Property Index Q2 2019
In Q2 2019, the PropertyGuru Property Index - which tracks supply-side pricing and volume of non-landed private residential properties in Singapore – saw a 13 percent rise in the supply index, while concurrently registering a 0.3 percent dip in the pricing index from the previous quarter.
Sales of new mass-market projects rose by 8% in Q2 2019, and this was led by two mega-projects, namely the 2,203-unit Treasure at Tampines and the 1,140-unit The Florence Residences, according to URA data. By definition, mega-projects refer to developments with over 1,000 residential units.
Following the first-year anniversary of the property cooling measures, it appears that many developers are showing eagerness in launching their projects despite initial waning demand in the preceding quarters.
Price Index
0.3
Supply Index
10.8
Previous Reports
Singapore Property Index Q1 2019
A decline in new private housing supply, as well as asking prices of luxury homes were observed during the first quarter of 2019
Property Index
Singapore Property Index Q4 2018
The PropertyGuru Property Index (Price) dropped by 2.9 percent in the last quarter of 2018, marking the first quarterly decline since the new cooling measures took effect in July...
Property Index
Singapore Property Index Q3 2018
While cooling measures in July might have arrested the momentum of the private residential market, prices continue to move upwards...
Property Index