Private Home Prices Slide Further In Second Quarter Amid Circuit Breaker

Source: https://www.straitstimes.com/business/property/private-home-prices-slide-further-in-second-quarter-amid-circuit-breaker

The marginal decline in Singapore’s private residential prices of 1.1% in Q2 points to a very resilient real estate market.  Although analysts predicts that prices could drop further to around 5% this year, they are also of the view that this decline will not be of the same magnitude (25%) as we had seen during 2009 global financial crisis with Government’s stimulus package and support during the pandemic.

 

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