Analysts expect new peak in private home prices by year end

Market watchers note that while it took 15 quarters to push private home prices down 11.6 per cent as of the middle of last year, the market may need only five to six quarters to bring them back up.
Market watchers note that while it took 15 quarters to push private home prices down 11.6 per cent as of the middle of last year, the market may need only five to six quarters to bring them back up.PHOTO: ST FILE

Outlook buoyed by data showing values up 3.4% in Q2, the 4th straight quarter of increase

Private home prices are rapidly regaining the ground they lost since values started slipping five years ago, with figures out yesterday underlining the buoyant market.

The gains have been so robust that analysts are tipping that prices could hit a new peak by the end of the year.

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A version of this article appeared in the print edition of The Straits Times on July 03, 2018, with the headline 'Analysts expect new peak in private home prices by year-end'. Print Edition | Subscribe