According to a recent study, the private apartment prices are slipping. They had a 0.3% dip between March and April. This came after prices rose a tiny bit for the past month. Analysts believe that this is a small issue and nothing too much.
Despite the minor problem, the job market and economy in Singapore are still very healthy, and that’s a very important thing to keep in mind. The en bloc sale market is active, and the real estate market is very active. So that’s the thing that matters the most, as it delivers some great opportunities to the entire market.
The price drop was also driven by the fall in prices for the apartments in the central region. However, the small units did not see any price change in March. That’s a very important thing to keep in mind, but in the end that’s what matters, how the market grows and expands in ways you would not imagine.