New private home prices up 7.9% in 2018 despite cooling measures

It is evident that property in Singapore are recovering since the end of 2017 to July 2018. In fact, with figures showing a 7.9% growth in 2018 as compared to only 1.1% in 2017.

The above article credit the growth to pent-up demand and perceived positive economics.  Even with the new cooling measures being introduced in July 2018, industry watchers expect the prices in sub urban areas such as Tampines and Hougang area to remain flat in 2019 due to the significant supply from Treasure at Tampines and many other large size new launches in these area. However, it is expected that the core central region to see a price hike of about 5% due to the demand for houses in prime district.

Source: srx.com.sg

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