THE LEVEL GROUND
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Consider building executive condos in prime locations
Published Mon, Aug 14, 2023 · 04:26 PM
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Relief may be in sight for aspiring private home buyers. It looks like home prices and interest rates will not rise further and may even soften.
In the second quarter of 2023, private home prices slipped 0.2 per cent according to data from the Urban Redevelopment Authority (URA) – the first decline since Q1 2020.
Still, private home prices have risen sharply versus pre-Covid days. Based on URA’s data, prices in Q2 2023 rose 26.6 per cent versus Q4 2019.
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