Expect volume to pick up in new home sales soon

Political instability in other countries, for example, like Ukarine and Russia war, as well as anti-chinese attack cases in USA have triggered more foreigners to set their foot in Singapore. Many wealthy families have relocated here to set up businesses and send their children for education as Singapore is stable both socially and politically. Latest cooling measure introduced since 2021 resulted in a decrease in property transactional volume. However, with diminishing stocks in most existing launches and lesser land supply in 2022, we should see a rise in property transactional volume soon. Overall property prices increase by 0.7% in 1st quarter 2022. Riviere

Source: The Straits Times

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