COMMERCIAL PROPERTY | Staff Reporter, Singapore

Chart of the Day: Mass market apartments are 2.4% cheaper in January-February 2018

The average price is $1,117 psf.

This chart from OrangeTee Research shows that the price of non-landed mass market residential properties are 2.4% YoY lower to $1,117 psf in January-February 2018.

Compared to the previous year, prices of new sales rose marginally by 0.7% to $1,325 psf and resales by 3.4% to $1,004 psf, both being record highs. Sub-sales also grew 1.1% to $1,211 psf.

OrangeTee also noted that the influx of smaller housing units priced at higher per sq foot prices in addition to recovering market sentiment and lack of new home supply may drive property prices upward in the coming years. 

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