It has been a while since I wrote a piece on the property market scene in Singapore and I thought that it's timely to look at what has happened in the scene so far. I wrote an article in July 2020 to summarise what was covered in a report on the direction of the residential prices by J.P.Morgan. In the report, it was mentioned that there's an anticipation of residential prices dropping by 10% over the next two years (from June 2020) due to the recession. Now that we are about three quarters into 2021, how has that anticipation been holding up? Interestingly, residential prices for private properties have been growing quite a bit. In 2Q this year, the resale prices for the entire private residential market rose 3.4% year on year to $1,305 psf. New launch prices grew at a faster pace of 17.1% for the same period (2Q 2020 to 2Q 2021)....