Chart of the Day: Prices of property sale listings grew 0.7% in Q1

It rebounded close to the data from the third quarter (Q3) of 2022.

The Singapore property market stayed resilient in the first quarter (Q1) of 2023 despite September 2022 cooling measures and higher interest rates, a PropertyGuru report showed.

According to this chart, the Singapore Property Sale Price Index, which tracks the median asking prices of all property sale listings on PropertyGuru Singapore, went up 0.7% quarter-on-quarter (QoQ) in Q1 2023, rebounding close to that of Q3 2022 levels.

This comes after a 0.8% QoQ decline in Q4 2022. The Singapore Property Sale Demand Index also rebounded in Q1 2023 by 22.1% QoQ.

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