Volume for new sales of private residential properties, excluding Executive Condominiums (EC), rose 16.3 per cent year-on-year (y-o-y), from 1,581 units in Q1’2018 to 1,838 units in Q1’2019.
Demand remains resilient due to the launch of several projects with sensitive pricing and more new launches lined up over the year.
Volume for private residential resale, excluding ECs, fell by 49.3 per cent y-o-y, from 3,666 units in Q1’2018 to 1,858 units in Q1’2019.
Overall private residential property price index (PPI) fell 0.7 per cent quarter-on-quarter (q-o-q) in Q1’2019 on the back of July 2018’s cooling measures. The 1.1 per cent fall in the non-landed index was partly offset by the 1.1 per cent increase in the landed index.
Notably, the non-landed PPI in the Outside Central