Home prices to jump by 17% in 2018 to 2021

Blame falling physical completions and ongoing en bloc sales deals.

Colliers International said average home prices in Singapore may rise by 17% over 2018-2021.

According to its property outlook, the projected price increases are caused by higher GDP growth, falling physical completions, and ongoing collective sales deals.

Data from the Urban Redevelopment Authority (URA) also showed the first uptick in private home prices after 15 consecutive quarters of decline.

"We believe that the current wave of collective sales in Singapore will continue rising through 2018 and into 2019 and that prime luxury residential sites will gain favour soon," the firm said.

The current wave may well accelerate price recovery in the near term due to immediate incremental demand from displaced sellers and the large capital gains, Colliers added.

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

ARA LOGOS is currently on the 13th spot.
Meanwhile, the demand for petrochemical exports benefitted from this same crisis.
This is expected to speed up the electronic exchange of trade documents.
This is in support of achieving Absolute Zero Carbon by 2040.
Adults will only shop if goods are discounted by at least 48%, survey says.   About 54% of 1,001 Singaporean adults have plans to shop during the Black Friday sales but only if prices of goods are discounted by at least 48%, a survey from Finder.com showed.
This move is in line with its goal to accelerate recommerce growth in SEA.
The notes were released under its $3m Multicurrency Medium Term Note Programme.
Singtel showed the most growth.
Re-exports also saw an increase of 16.4% in the same month.
The marine company apologised to its workers at the dorm.
SG electricity demand peaked at 7,667MW in October 2021.
The two aim to accelerate the progression of AI.
It will focus on sustainable opportunities for companies in Singapore.
Cargo load factor, however, was down by 1.6% YoY to 97.3%.
Despite this, KF pegs their estimated total sales for the year at 13,000 units.