PRIVATE home prices rose 1.5 per cent quarter-on-quarter in Q2 in the first increase since last July's cooling measures, and analysts suggest that private residential prices for 2019 could grow slightly year-on-year on the back of new launches. Read more at The Business Times.
Private home prices rose 1.5 per cent quarter-on-quarter in Q2 in the first increase since last July's cooling measures, and analysts suggest that private residential prices for 2019 could grow slightly year-on-year on the back of new launches.PRIVATE home prices rose 1.5 per cent quarter-on-quarter in Q2 in the first increase since last July's cooling measures, and analysts suggest that private residential prices for 2019 could grow slightly year-on-year on the back of new launches.
According to the data released by the URA, prices of landed properties dipped by 0.1 per cent in the second quarter, compared to a 1.1 per cent increase in the previous quarter. OrangeTee & Tie projects prices to grow marginally by 1 to 3 per cent for the year as a whole. Its head of research and consultancy Christine Sun said:"Given the sustained interest for private properties, we may expect private home prices to trend further up for the rest of 2019."
"This means prices would likely remain flat in the next two quarters, owing to an ample launch pipeline, which should keep prices stable," she said. Cushman & Wakefield's head of research Christine Li pointed out that interest among overseas buyers, particularly in the high-end segment, appears to have held up - even with the cooling measures.
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