After a sharp uptick in private property prices, Singapore’s government introduced cooling measures in July of 2018 in order to keeping home prices in line with economic fundamentals. Meanwhile, the HDB housing market has also cooled off in the past few years. What does the housing market have in store for 2019? Only time will tell, but in this article we’ve outlined a few key factors to monitor. Additionally, we reached out to Saxo’s Singapore-based, Global Macro Strategist, Kay Van-Petersen in order to help provide helpful insights for current and prospective homeowners that may want to buy or sell a home in the near future.
Know Your Market
While HDB flat resale prices have cooled off in the past five years, prices and price trends vary across different areas of Singapore. For example, heading into 2019, Central and Queenstown remain the most expensive neighborhoods for resale flats.