24 Nov '17, 7am

#Upupnodown.

The CBD and its surrounding areas saw the highest increase in asking prices. Home sellers are already starting to price their units higher following recent signs of a property market recovery in Singapore. This according to the PropertyGuru Property Index launched on Thursday (23 November), which shows a 3.2 percent price increase in Q3 2017 from the quarter before, reflecting an inflection point after a steady decline from Q3 2015. PropertyGuru said that sellers are “future-pricing” their homes in anticipation of the market recovery gaining strength in 2018, following the recent en bloc fever and growing confidence amongst developers. The highest increase of four percent was in the city centre and the surrounding areas. This was followed by the suburbs in northern and western Singapore, which saw asking prices grow by 2.5 and 2.2 percent respectively. The Index uses data ...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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