Singapore might be experiencing economic slowdown and expecting more downside risk ahead; but the private home pricing is bucking the trend – having risen for two consecutive quarters. Third quarter price rise was mainly attributed to non-landed private homes, whose prices rose 1.7% in Q3 and 2% in Q2.
For the rest of the year, analysts are expecting price to remain stable as demand for private homes are healthy, from both local and foreign investors. Recent international economic uncertainty is making Singapore more attractive to foreign investors.
However, as the improving property market is out of sync with the worsening economic condition in Singapore, there are concerns among the analysts that the government might introduce further cooling measures.
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