While cooling measures in July might have arrested the momentum of the private residential market, prices continue to move upwards. The PropertyGuru Property Index showed a quarter-on-quarter increase of 1.4 percent in private home prices in Singapore, and a 9.4 percent increase year-on-year from the same period in 2017.
Even as supply-side pricing looks to continue increasing, albeit at a slower pace, macroeconomic factors, such as rising interest rates, also pose concerns for home buyers.
What does this mean for property buyers, sellers, and investors going forward? Download the full report and Get the Guru View.
PropertyGuru’s Property Index aggregates and indexes data from our over 200,000 residential property listings in Singapore to demonstrate the movement of supply side pricing. It provides a view on seller optimism and indicates the price level that real estate developers and homeowners feel they can fetch for their respective properties.
This article was written by Chang Hui Chew. Get more insights on the locations with the highest price growth potential at AreaInsider. For helpful tips on the buying, selling and renting property, check out our Guides and Resources.
