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PROPERTY INSIGHTS

Private home prices: Q3’s blip and positive signs

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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  
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    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).

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