Market Pulse Ep 15: Private Residential Market Performance 2022 Q2
The private residential market was revved up as many developers ramped up launches and more buyers streamed back to the market last quarter. Buying sentiment picked up after most community safe management, and border measures were eased. Show flat and house viewings rose substantially, significantly boosting the sector.
According to data from the Urban Redevelopment Authority (URA), the overall price index for private residential properties rose faster by 3.5 per cent last quarter. It climbed by 4.2 per cent in the first 6 months of this year. Price growth was much slower at 0.7 per cent in the first quarter of this year after the market cooled down on the back of the curbs implemented in December 2021.