Market Pulse Ep 9: Private Residential Market Performance 2021 Q2

The overall price index for private residential properties rose a fifth consecutive quarter by 0.8 per cent in Q2 2021, albeit at a slower pace than the 3.3 per cent growth in Q1. Sales of private homes rose 4.3 per cent quarter-on-quarter despite stricter measures imposed during the heightened alert period. Despite the heightened alert period 811 new luxury condominiums were sold last quarter. This is the highest quarterly sales since Q4 2010. Proportion of resale homes in suburban areas continue to rise, making up a higher percentage of total sales in OCR amid a supply crunch. Proportion of non-landed homes bought by foreigners rose to 4.1 per cent. There were significantly more buyers from USA, United Kingdom, Australia, France and Korea.

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