Housing market in Singapore remains weak with 2.94 percent dropped in house prices during the year to 2016's second quarter, revealed by Global Property Guide.
However housing demand is now stronger, with a total of 2,256 units sold in second quarter, an increase by 59% compared to the previous quarter and about 6.6% higher than 2015, according to the Urban Redevelopment Authority (URA) data released.
Experts also noticed the increased of supply with 13 percent up to 2,371 uncompleted units launched year-on-year in second quarter 2016.
Meanwhile, Hong Kong is Asia's worst performer with 10.73% dropped in residential property prices during the year to second quarter, next is Mongolia with 10.55% price plunged during the same period, according to the report.
Upcoming Singapore homes to check out includes Straits Mansions and Gramercy Park.
Written by Siang Teck of Property Review. I can be contacted at [email protected]
