If it feels like everything costs a little more with each passing year, well it isn’t just your imagination. Inflation does take its toll over the years, and as 2018 passes into the annals of history, let’s take a look at how much private home prices have risen over the past 10 years.
Based on URA data, we looked at the average transacted prices of non-landed private residential properties in the new sales and resale segments across Singapore from 2008 to 2018 to make a comparison.
For simplicity’s sake, we assume that all units are between 850 sq ft to 950 sq ft (the average size of a two-bedroom condo).
Here’s what we found.
New Sales: Projects In The East Saw The Highest Price IncreaseBetween 2008 and 2018, we found that the average selling price for new projects in the East region saw the highest price increase.
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