Private Home Prices in Surprise Rise to Five-Year High; Analysts Divided on Where They are Headed

Source: https://www.straitstimes.com/business/property/private-property-prices-hit-five-year-high-flash-data

 

Generally, both investors and home-buyers are optimistic about the long-term outlook and prospects of the real estate market.  The short-term volatility does not seem to affect them at this juncture.  The sales of new homes actually play a major role in the upturn and in fact, many new launches are selling at new benchmark prices in the past months.  Despite the cooling measures rolled out last July, buyers are not deterred in new high-end homes in central region as well as rest of central region.

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