Singapore's property market still buzzing in Q4 2021, study finds

📆 12-12-21 04:06:00
📰 ChannelNewsAsia

⏱ Reading Time:
33 sec. here
2 min. at publisher
📊 Quality Score:
News: 17%
Publisher: 66%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Singapore continues to grapple with COVID-19, with goals set in place to live with the virus as an endemic disease. Effects of the pandemic continue to affect our daily lives, but the property market remains largely resilient.

Unfazed by the economic uncertainties brought on COVID-19, property prices have continued to rise for the sixth consecutive quarter. PropertyGuru's Singapore Property Market Index Q4 2021 saw an increase of 3.88 per cent, or 4.73 points.

Still, the Government does not feel that the property market is overheated yet. But if trends persevere, the likelihood of cooling measures being introduced looms heavier.Tightened COVID-19 safety measures during the Phase 2 from Jul 22 to Aug 9 limited physical property viewings. Like in the previous quarter, this probably lengthened transaction periods and online property advertisements lifespans.

This is due to the good performance from launches in the past two years and the preference for larger homes due to enduring work-from-home arrangements. Also, mass-market condominiums in the OCR hit the sweet spot between price and size.

Écrire un Commentaire

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Singapore sees S$7.5 billion in real estate investment deals in Q3 2021Real estate investment deals in Q3 2021 saw a 38.7 per cent growth quarter-on-quarter, and a 58.1 per cent increase year-on-year.
La source: ChannelNewsAsia - 🏆 6. / 66 Lire la suite »