Singapore, 15 Mar 2022 According to SRX Property flash estimates and 99.co, condominium resales prices have increased for 19 straight months, rising 0.6 per cent in February this year, in comparison to the previous month.
Ms. Christine Sun, senior vice president of research and analytics at OrangeTee and Tie, said that some buyers may have taken a temporary backseat in the light of the growing global uncertainties arising from the ongoing war between Russia and Ukraine.
"The recent Russia-Ukraine conflict has rattled global supply chains and led to higher oil and natural gas prices worldwide which have roiled commodity markets," she added.
Ms Sun also said while there may not be significant price markdowns in the coming months, slower price growth may persist until the geopolitical situation stabilizes.