Singapore residential market stabilises as home demand and median prices level out

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The demand for homes has decreased by 17% compared to the same period last year

PropertyGuru reports that demand for homes and median prices have settled around the levels observed in the previous quarter, indicating a period of relative stability.

On the flip side, there’s been a rebound in supply, with a 5.6% jump in the first quarter following a slight dip in the preceding three months. Transaction volumes in 2024 are expected to align with 2023 levels or potentially end up lower,” PropertyGuru noted.

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