124 views
Chart from URA

Private residential price growth eases to 1.4% in 1Q24

In 4Q23, prices rose by 2.8%.

The growth of private residential prices eased in 1Q24, growing by only 1.4%, lower than the 4Q23 record of 2.8%.

Data from the Urban and Redevelopment Authority (URA) showed that landed and non-land properties also saw a moderation in their respective price growths. 

In 1Q24, prices of landed properties rose by 2.6% (vs 4.6%), whilst non-landed properties rose by 1.0% (vs 2.3%).

Meanwhile, rentals of private residential properties decreased by 1.6% in 1Q24, an improvement from the 1.8% decline in 4Q23.

In 1Q24, developers launched 1,304 uncompleted private residential properties, excluding executive condominiums, for sale, up from the 1,060 units in 4Q23.

The quarter also saw more units sold at 1,164. Last quarter, developers sold 1,092 units.
 

Follow the link for more news on

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.

Top News

7 in 10 unprepared for AI-driven cyberattacks
Only 38% said their organisation provided training on how to use AI whilst avoiding exploitation.
CCS overhauls passenger airline alliance framework
Airline alliance notifications are now streamlined into a three-step approach.
Aviation
Raffles Medical net profit falls 9.6% to $29m in H1
Its healthcare services division posted a 16% drop in revenue to $119.5m.
Healthcare