2022-07-18-莱坊-Singapore_Residential_Market_Update_Q2_2022_2页_657kb

Singapore Non-Landed Residential Market Summary

Market demand has rebounded strongly after previous cooling measures, with buyer resilience encouraging developers to increase new launches and capitalize on demand before interest rates rise. In Q2 2022, non-landed property prices rose by 3.3% Q-O-Q, driven by factors such as open borders and increased foreign interest, reversing a prior decline. New launches surged to 5,844 units, a 25.9% Q-O-Q increase, with primary sales rebounding by 43.1% to 2,383 units. CCR prices increased by 1.6% Q-O-Q amid higher demand from High-Net-Worth-Individuals. Foreign buyers contributed significantly to CCR transactions, with a 8.5% Q-O-Q rise in average prices. OCR markets showed restrained growth, while rentals remained steady, with demand from expatriates and expatriates in Hong Kong. Overall, 2022 price growth is projected at 5% to 7%, but rising rates could moderate future activity.