Singapore Private Home Prices Unexpectedly Rise To 5-Year High In Q2

1 July 2019

News - Singapore Private Home Prices Rise Unexpectedly - 1
News - Singapore Private Home Prices Rise Unexpectedly - 2
News - Singapore Private Home Prices Rise Unexpectedly - 3
News - Singapore Private Home Prices Rise Unexpectedly - 4
News - Singapore Private Home Prices Rise Unexpectedly - 5
News - Singapore Private Home Prices Rise Unexpectedly - 6

Source: https://www.straitstimes.com/business/property/government-not-relaxing-property-cooling-measures-for-now-mas

 

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 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.

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