pstrongRenewed project launches and increased suburban launches were attributed as the main drivers of the faster price growth./strong/p pThe Singapore property market continues to witness a surge in resale property prices, driven by a widening price gap between new and resale units, as observed by industry experts.
Renewed project launches and increased suburban launches were attributed as the main drivers of the faster price growth.
According to OrangeTee, the faster price growth is predominantly due to increased suburban launches in the previous months, with most new homes now selling above $2,000 per square foot. Likewise, Mark Yip, CEO of Huttons Asia, also attributed the recent price growth to renewed project launches in March, influencing the resale market.
Wong Siew Ying, head of research and content at PropNex, also noted a slower growth in private home prices and increased market activity post-seasonal lull, suggesting more buyers may be returning to the market.
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