Singapore Private Home Prices Unexpectedly Rise To 5-Year High In Q2
Jul 01, 2019
Source: https://www.straitstimes.com/business/property/government-not-relaxing-property-cooling-measures-for-now-mas
The Singapore property market once again demonstrated its resilience in Q2. After 3 quarters since the government implemented the cooling measures in Q3 2018, we saw prices holding well, fueled by 1) confidence of investors who took a long term view of the property market in Singapore, 2) inflow of overseas investors who recognized the value of properties in Singapore and 3) the purchase of replacement homes for many who benefited from the en-bloc exercises in 2017/18.
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