Private home prices: Analysts see some positive signs

Some analysts point to signs of stabilisation in private home prices, just five months after the cooling measures.
Some analysts point to signs of stabilisation in private home prices, just five months after the cooling measures.PHOTO: ST FILE

Following two straight quarters of mild price movements after the July 6 cooling measures, some analysts are ready to call an end to the recovery in private housing prices - which they say is the shortest on record, lasting just five quarters.

It certainly appears that way, with a bumper supply of new homes expected to hit the market this year amid higher interest rates. At least 40 new launches will yield more than 14,000 units this year, analysts say.

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A version of this article appeared in the print edition of The Straits Times on January 03, 2019, with the headline 'Private home prices: Analysts see some positive signs'. Print Edition | Subscribe