July 06, 2021
Stackedhomes
2021 has been a tough year for buyers; especially first-time home seekers. We’ve seen prices rise in almost every property segment, from resale flats to condos to landed homes.
The end of Q2 2021, however, may give buyers a glimmer of hope – while prices are still far from low, at least the pick-up hasn’t been as dramatic as the past four quarters. Here’s what’s happening right now:
Prices rose again in Q2 2021, but at a much slower pace than in previous quarters
According to URA flash estimates, the Residential Property Price Index is at 163.7 points in Q2 2021, up 1.5 points last quarter. This is a 0.9 per cent increase, a significant slowdown from Q4 to 2020 to Q1 2021 (during this time we saw a 3.3 per cent jump).