Private home prices rose at slower pace of 1.4% in first quarter of 2024

SINGAPORE: Deepest dwelling costs in Singapore rose 1.4 per cent within the principle quarter of 2024, down from the two.8 per cent within the old quarter, in accordance to figures launched by the Urban Redevelopment Authority (URA) on Friday (Apr 26).

Noting that this became the slowest quarterly kind since the third quarter of 2021, one analyst acknowledged this became an indication of “stability” within the housing market.

But at the identical time, Mr Lee Sze Teck – Huttons senior director of knowledge analytics – acknowledged property costs have gone up by 49.6 per cent since a low in Q2 2017.

The worth extend of landed properties outstripped that of non-landed properties (2.6 per cent vs 1 per cent) within the principle quarter of the 365 days, acknowledged URA.

Damaged down extra, costs of non-landed properties within the core central space (CCR) increased by 3.4 per cent, while costs of non-landed properties within the comfort of central space (RCR) and originate air central space (OCR), went up by 0.3 per cent and nil.2 per cent respectively in Q1 2024.