Singapore Private Home Prices grew by 6.8% in 2023

Housing Index in Singapore increased to 201.50 points in the fourth quarter of 2023 from 196 points in the third quarter of 2023. Housing Index in Singapore averaged 87.35 points from 1975 until 2023, reaching an all time high of 201.50 points in the fourth quarter of 2023 and a record low of 8.90 points in the first quarter of 1975. Source: TRADINGECONOMICS.COM 2 Cooling Measures were announced in 2023A. Effective…

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Singapore Private Home Prices grew by 8.6% in 2022

Private home prices in Singapore rose 0.4 percent quarter-on-quarter in the three months to December of 2022, compared with a flash reading of a 0.2 percent gain and after a final of 3.8 percent growth in the prior period. The latest result marked the slowest quarterly increase since a contraction in Q1 of 2020 amid rising mortgage rates, property curbs, and a slowing economy. Prices eased for both non-landed property…

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Singapore Private Home Prices increased by 10.6% in 2021

Private home prices in Singapore surged 5.0 percent quarter-on-quarter in the three months to December of 2021, accelerating sharply from a 1.1 percent rise in the previous period and in line with a preliminary estimate. This marked the seventh straight quarter of increases in private home prices and the strongest growth since 2009, which prompted the government to introduce cooling measures in December, including raising additional stamp duties for second-home…

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Private Home Prices increased by 2.1% in 4Q2020

4th Quarter 2020 Home Price Index Private home prices in Singapore increased by 2.1 percent quarter-on-quarter in the fourth quarter of 2020, in line with a preliminary estimate and after a 0.8 percent growth in the previous period. This was the third straight quarter of increase in private home prices, as the government reopen the economy following a COVID-19 crisis. Prices of non-landed properties surged 3.0 percent, after increasing by…

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Market Trend for Private Residential – 3Q2020

Source: Business Times 24 Oct 2020 Further Analysis: Non Landed Residential Property - Apartments & Condominium Sales Volume was flat on a month over month basis but higher on a quarter over quarter and year-on-year basis. Compared to last month, Sep 2020 volume was almost flat at 2116 units vs 2123 in Aug 2020. Demand for Developers' Sales continue to be strong despite the economic downturn, partly contributed by the…

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Market Trend for Private Residential – 2Q2020

Non Landed Residential Property - Apartments & Condominium Sales Volume was higher on a month over month basis but lower on a quarter over quarter and year-on-year basis.Compared to last month, Jun 2020 volume was higher by 624 units or 103.8%. (1225 in Jun 2020 vs 601 in May 2020). This was contributed by pent up demand in New Sale after 2 months of weak sales in April and May…

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Market Trend for Private Residential – 1Q2020

Non Landed Residential Property - Apartments & Condominium Sales Volume is generally lower on a quarter to quarter and year on year basis.Compared to the same period last year, Mar 2020 volume is lower by 446 units. (1172 in Mar 2020 vs 1618 in Mar 2019)In comparison to 4Q2019, 1Q2020 sales volume is also lower by 4551 units (3723 in 1Q2020 vs 8274 in 4Q2019). Average psf for Resale is…

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