Q1 2022 Quarterly Residential Report
Private home prices and HDB resale prices continued to rise, albeit at a slower pace in the first quarter of 2022, following the introduction of new property cooling measures in December 2021 that were aimed at stabilising the market and reining in buying demand from foreigners and investors with multiple properties. The muted price growth during the quarter came amid a pullback in sales volumes as uncertainties loom. For the first quarter of 2022, developers have sold fewer than 2,000 new homes while the private resale market transacted about 3,100 homes.
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