Private home prices: Q3’s blip and positive signs

This week in Property

• Quarterly dip in private housing prices
• Supply-demand dynamics driving support for private homes 
• Emerging weakness in the office property market  
• Buzz in Penang property 

Q3’s dip in private home prices

The release of Q3 housing market data saw Housing Development Board (HDB) resale flat prices rise 2.7 per cent from the prior quarter amid a surge in transaction volume versus Q2 and year on year.

However, overall prices of private homes declined 0.7 per cent quarter on quarter in Q3 according to data from the Urban Redevelopment Authority (URA).