Private home prices in Singapore were up 0.4% this quarter sourced from reports from the Urban Redevelopment Authority (URA). Prices rose slower compared to the 1.0 percent registered in Q2 this year.
To narrow down, non-landed private properties in the Core Central Region were down 0.3%. Prices for the Core Central Region were down 0.2% in the 2nd Quarter. This means a consecutive losses in the Core Central Region Private Property Prices.
This is in stark contrast to prices outside Central Core Region where prices grew by 2.2 percent compared to 3.8 percent gain in Quarter 2. Prices outside Central Core Region continued to outperform the city area prices.
Analyst attribute this to the absolute prices of OCR property. As lower property prices will continue to attract property buyers, The Hillford in Jalan Jurong Kechil will attract buyers who are affected by the TDSR. The Hillford is set to launch by the end of this year.