The latest data from the Urban Redevelopment Authority indicates a 1.1% drop in Singapore's private home price index, marking the first decline in five quarters.
Despite a sound macroeconomic backdrop, Singapore's property market sentiments remain sensitive to global geopolitical factors and fluctuations in interest rates.
Home buyers might have hesitated in the third quarter anticipating changes from the U.S. Federal Reserve, but mortgage rates in Singapore are expected to stay high.
HDB resale prices saw a 2.5% increase in the third quarter, alongside a significant 20% rise in resale volumes, contrasting the trends in private home sales.
Collection
[
|
...
]