Singapore's private housing prices declined 1.1% in Q3 2024, while HDB resale prices rose 2.5%.
Singapore's private housing prices declined by 1.1% in Q3 2024, the first drop in five quarters, attributed to reduced sales and macroeconomic uncertainties. Sales transactions fell by 11%. In contrast, resale prices of government-subsidized public housing (HDB flats) rose by 2.5%, with transaction volumes increasing by 20%. The government will monitor the market closely and adjust policies to maintain stability amid ongoing economic challenges.
October 01, 2024
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