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, continuing its upward trend since Q2 2017. On a yearly basis, the Index recorded a 3.8 percent increase from Q4 2016.
Supply pricing has been rising steadily in recent months due to more positive seller sentiment as the property market recovery gathers momentum.
Robust en bloc activity and a slew of new condo launches this year will likely lead to an increase in seller pricing
Property Index (Price)
99
2.1 percent increase quarter-on-quarter
Property Index (Supply)
145
17 percent decrease quarter-on-quarter
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....
Property Index