As of the latest update, Singapore’s private home prices have experienced a slight decrease, dropping by 1% in the third quarter of 2024. This decline marks a continuation of the downward trend observed in the previous quarter. The decrease is attributed to a combination of factors, including an increase in the supply of new homes and a shift in buyer sentiment. Developers have also been offering more attractive purchase terms to entice buyers, reflecting the competitive nature of the current market. Despite the overall decline, there are variations in price movements across different regions and property types, with some segments showing resilience or even modest growth. Analysts are closely monitoring these trends to gauge the future direction of the Singaporean property market.

Source: https://sg.finance.yahoo.com/news/private-home-prices-drop-1-090900981.html

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