08/08/2022
β€οΈβπ₯Home prices continued to climb π in Q2 2022 as healthy housing demand amid tight supply contributed to the price growth in the private residential property market and the HDB resale segment. Figures from the Urban Redevelopment Authority (URA) and the Housing and Development Board (HDB) showed that prices have risen at a faster pace in Q2 2022 compared to the previous quarter.
Get more insights π https://www.propnex.com/news-details/5521/singapore-home-prices-march-on-in-q2-2022-reflecting-healthy-end-user-demand
Overall private home prices increased β¬οΈ by 3.5% QOQ in Q2 2022, accelerating from the 0.7% growth in Q1 2022. The final print released today was higher than the 3.2% flash estimate published on 1 July. In the first half of 2022, private home prices have climbed by 4.2% from the end of 2021. PropNex has upgraded its forecast and now expects a price growth of 7% to 8% for the full-year 2022.
The price increase in Q2 2022 was led by the Non-landed private home segment, where home values rose β¬οΈ by 3.6%, overturning the 0.3% decline in Q1 2022. Over in the Landed homes segment, the price growth slowed from 4.2% QOQ in Q1 to 2.9% QOQ in Q2 2022, as sales momentum of landed properties let up during the quarter.
SINGAPORE, 22 July 2022 β Home prices continued to climb in Q2 2022 as healthy housing demand amid tight supply contributed to the price growth in the private residential property market and the HDB resale segment. Figures from the Urban Redevelopment Authority (URA) and the Housing and Developmen...