, Singapore
141 views

Chart of the Day: Private home price growth moderates to 1.3% in Q3

Condo price growth slowed to 1.3% from 2% in the previous quarter.

This chart from Savills shows that the growth rate of private home prices in Q3 contracted to 1.3% QoQ in Q3 from 1.5% in Q2.

Prices in the non-landed segment rose 1.3% QoQ, slower than the 2% recorded in the previous quarter. Core Central Region (CCR) saw its prices edge up 2%, whilst those in the Rest of Central Region (RCR) and Outside Central Region were up 1.3% and 0.8% respectively.

Landed properties rose 1%, a reverse from the 0.1% decline in Q2. The average prices in the luxury segment also inched up 0.4% QoQ in Q3.

The supply of uncompleted private homes with planning approval came at 50,964 units, which is 0.6% QoQ higher. However, 31,948 units or 62.7% of this pipeline supply remained unsold, , down 1,728 from 33,673 units in Q2. 

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.


The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.


So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.