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Private home sales in primary, secondary markets surge

This, along with smaller declines in prices and rents, sets the stage for prices to start firming, say analysts. Some expect URA's private home price index to rise by up to 3 per cent next year, with improving sentiment and economic growth

The total number of private homes sold in both the primary and secondary markets reached 6,905 units in Q2 this year. This was the highest quarterly sales figure since Q2 2013, when 6,945 units were transacted before the total debt servicing ratio (TDSR) framework was introduced.


LATEST official data shows a surge in private home sales across both primary and secondary market, which is seen as supporting a firming in prices.

Data from the Urban Redevelopment Authority (URA) released on Friday also showed smaller quarter-on-quarter declines in...

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