NEWS

Strong sales rebound in Q3

Revenge buying earlier than expected.

The impact of COVID-19 intensified in March

"Lower transaction volumes amid festival season."

the market has enough momentum to keep rising at least until Q3/2020.

The revised property cooling measures came into force in July 2018.

In the first three months of 2019, especially after the Chinese New Year

Residential prices in new developments have been as high or even higher than those near Orchard Road

Given cost-push pressures, prices will continue to face upside risk in 2019.

The cooling measures have moderated the rate of sales and developers price with finesse attributes.

Sales volumes picked up in Q2 despite increasing prices.

Prices are expected to increase 12-15% this year with much of the increase loaded into 2H/2018.