04 May '18, 1am

Q1’s growth of private home prices the steepest since 2010 https://t.co/xERPQC89e2

2018 has started off well with a 3.9% growth in private home prices , the steepest since Q2 of 2010. The price index had risen by 5.3% then. Private property growth widens price-gap between public and private sector Living room, 8 Hullet This growth has also widened the gap between public and private housing, especially as HDB flat prices have continued to fall by 0.8%. The 3.9% growth in the private sector has gone beyond the projected 3.1% growth, bringing good cheer to the private property sector. The non-landed home price rose 4.4% last quarter, a significant rise compared to the 0.8% increase in Q4 of last year. The largest leap came from the Outside Central Region (OCR) with a 5.6% growth. Landed property prices also rose 1.9% in Q1 of 2018. While there have been many land sales and new launches in the past year, the number of completed units have stabilized and may ...

Full article: https://www.iproperty.com.sg/news/q1s-growth-of-private-h...

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