Some buyers are delaying their purchases in anticipation of potential interest rate cuts in the second half of 2024
Private home prices in Singapore have seen a 1.5% increase in the first quarter of 2024, according to the flash estimates of the Urban Redevelopment Authority . This follows a 2.8% growth in the final quarter of 2023, The Business Time reports.
Meanwhile, non-landed property prices in the city fringe or the Rest of Central Region rebounded from a 0.8% decline in Q4 of 2023, up by 0.2% in Q1. Foreigner purchases saw a notable decline, with only 35 transactions recorded in Q1, nearly half of the 66 purchases in Q4 2023.
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