Private home prices grow at slower pace in Q1 after cooling measures; Q2 could remain relatively subdued

Singapore

AFTER a marginal increase in private home prices in Q1 2022, analysts say that the private residential market should stay relatively subdued in Q2 in the wake of the cooling measures and rising interest rates.

Still, demand for private homes from genuine homebuyers is expected to remain strong, with transaction volumes likely to pick up as more projects are launched for sale.