11 Apr '18, 1am

Onwards and upwards for private property sector

Private property prices rose 3.1% in the first quarter of 2018. A promising start to the year. 3.1% price-hike the steepest increase since 2010 The price-increment last quarter was the steepest since a 5.3% hike in 2010. That was almost 8 years ago. Property analysts consider this a positive sign for the real estate market’s journey to recovery, especially as cooling measures implemented this year do not seem to have caused a much negative impact. Perhaps it is a fear of further price hikes as the year moves ahead. But buyers are coming out in full force and taking up units in both the primary and secondary markets. Sellers are also taking the opportunity to price upwards, accounting for the rise in figures. Many investors and home seekers have waited for a few years now and are taking action now instead of later. Property analysts expect transaction volume for private pro...

Full article: https://www.iproperty.com.sg/news/onwards-and-upwards-for...

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