The Singapore property market has seen insane growth in 2023 despite elevated interest rates and additional cooling measures.
Source: Tenor
As the saying goes, “What goes up, must come down”. In the case of the property market, it has its boom and bust cycles.
The bigger question on our mind is:
When?
Has the Singapore property market peaked? Let’s find out!
TL;DR: Has the Singapore Property Market Peaked?
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Current State of The Singapore Property Market
Our property market has been on an upwards trend since the start of the year thanks to pent-up demand and a lack of housing supply.
According to the Urban Redevelopment Authority (URA), the private property price index has been on a steady rise:
Source: URA
As for the public housing market, the HDB Resale Price Index has also shot up:...
