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Home sales achieve soft landing in 2019 with 2.7% price gain

Fresh property news selection on January 24. 2020, Friday.

Today's news selection contains the latest real estate related stories. Do you own a real estate/property/finance blog or news site? Send the URL to [email protected] so our editors can use them as sources.


Developers should breathe easier as the private home market seems to have achieved a soft landing in 2019 as prices rose moderately amid higher sales, despite tough cooling measures imposed in 2018.

Demand for private homes remained resilient with the price index up 0.5 per cent in Q4 over the prior quarter, and higher than the 0.3 per cent flash estimate released on Jan 2, according to the latest data from the Urban Redevelopment Authority (URA) on Thursday.

For the full year, prices rose - for the third straight year - though at a slower 2.7 per cent versus the sizzling 7.9 per cent rise previously as the market headed to a soft landing following measures to rein in exuberance.

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