Private Home Prices Rise
The strength of the property market was once again tested in Q2. Three quarters since the last government cooling measures were implemented in Q3 2018, we saw resilience in the underlying market, fueled by 1) confidence of investors who took a long term view of the property market in Singapore, 2) inflow of overseas investors and investments who recognized the value of properties in Singapore and 3) the purchase of replacement homes for many who benefited from the en-bloc exercises in 2017/18 and last but not least 4) HDB and condominium upgraders.
1 July 2019
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