Market Pulse Ep 11: Private Residential Market Performance 2021 Q3

The overall price index for private residential properties rose by 1.1 per cent in Q3, rising for sixth straight quarter. As Singapore boosts its efforts to re-open its borders fully, the rental market is poised to benefit when hiring ramps up in the aviation, MICE, hospitality and tourism sectors. Sales rebounded last quarter as buyers were unfazed by the hungry ghost month and safe tightening management measures. Among Singapore’s Vaccinated Travel Lane scheme, we may expect more positive sales impact from the United States, United Kingdom, Korea, France and Canada.

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