Singapore private home prices continue to rise for two consecutive quarters, despite Singapore’s economic slowdown and potential further downside risk. Non-landed private home was the significant contributor for the third quarter price rise, having rose 1.7% in Q3 and 2% in the previous quarter.
For the rest of 2019, property prices are expected to remain stable as demand for private homes are still healthy, both from local demands and foreign investors. Current economic uncertainty around the region is also making Singapore more attractive to foreign investors.
However, among the analysts, there are concerns that further cooling measures might be introduced by the government, as the improving property market is out of sync with the worsening economic condition in Singapore.
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