The Business Times
business-time-50
PROPERTY INSIGHTS

Private home prices: Q3’s blip and positive signs

google-preferred-sourceAdd BT as a preferred source
Leslie Yee

Leslie Yee

Published Tue, Oct 29, 2024 · 12:30 PM
    • With population growth, lower interest rates and stable supply, private home prices are not headed for a correction and are poised for steady growth instead, writes BT senior correspondent Leslie Yee.
    • With population growth, lower interest rates and stable supply, private home prices are not headed for a correction and are poised for steady growth instead, writes BT senior correspondent Leslie Yee. BT SCREENSHOT

    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).

    Property Insights

    TRENDING NOW

    Eugene Lai (left) says that he was sharing a view with Tan Chian Khong that the board needed a refresh and that it was not an explicit direction to resign.

    CSE Global independent director quits after clashes with chairman Eugene Lai over board refresh

    Some industry watchers wonder if Orchard Road can hold its own next to competing retail destinations, both global and local.

    What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future

    Siranudh Scott had caused an internet sensation with a video accusing his brother of allegedly abusing him during his childhood years.

    ‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse

    The exterior (left) and interior (right) views of Waterwall House, featuring glass interfaces, open voids, split levels and raw concrete walls.

    Rare brutalist Singapore house opens to the public before changing hands

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More