Despite a record number of new launches totaling 11,345 units, up 29% from 2018, Singapore private home prices still rose by a modest 2.7% for the whole of 2019. This price increase was contributed by landed residential homes, a 5.7% increased followed by 1.9% for non-landed homes, though still a marked drop from the 7.9% increased from 2017 to 2018. Transaction volume for new launches also rose to 9,912 units, up by 12.7% from 2018. With both prices and volume registering an increase in 2019, Ms Li, head of research at Cushman & Wakefield, expects such market trends to continue into 2020.
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