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.
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.
This comes at a time when many new launches are expected to hit the market in the first quarter of 2019. These upcoming launches are likely to be priced more competitively, offering good deals to property seekers.
At the same time, mortgage interest rates, which were rising steadily last year, may start to drop. This coupled with stable economic growth will boost home buying sentiment.
But global headwinds remain, including the slowdown in China’s economy and US government shutdown.
What does this mean for property buyers, sellers, and investors going forward? Download the full report and Get the Guru View.
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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.
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.
