Analysis
The PropertyGuru Property Index (Singapore, Price) rose by 3.4 percent to 102.6 in Q1 2018 from 99.2 in the previous quarter. This marks the fourth straight quarter of increases in supply pricing. On a yearly basis, the Index jumped by 9.3 percent from Q1 2017.
Several factors have influenced sellers to raise their asking prices, such as developers’ confident land bids, high demand for properties and a general fervour around en bloc property.
