Property market records three-year high | / Property news / Property market records three-year high

Property market records three-year high

Fresh property news selection, May 03-07. 2021.

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The current surge is expected to slow down as Government aid tapers off.

Singapore's property prices have increased in the last four quarters since Q2 of 2020. This is following the months after the Circuit Breaker ended.

According to PropertyGuru's Singapore Property Price Index (SPPI), a QoQ gain of +3.84% was recorded, a figure considered as the highest in three years since Q2 of 2018.

The Singapore Property Supply Index (SPSI) saw a dip with a small decline compared to that of last quarter by 14% from 135.1 to 116.1 points, as buyers were reported to continue to snap up properties.

Properties in the $1m to $1.5m price range continue to make up most of the transactions in Q1 of 2021, whilst there has been a slight dip in properties priced under $1m. The latter signals a slowdown in investments in shoebox units.

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