Singapore’s home prices rose for the first time in four years with a rate of 0.5% in Q3 2017 quarter-on-quarter, snapping a record run of declines and confirming recent signs that the property market is rebounding. Driven by developers’ aggressive bids for land, this jump may be not sustainable in a market constrained by demographics and the government’s cooling measures.
Singapore's home prices rose for the first time in four years
It is reported that vacancies of private homes in this island state are at 8.1% while 43% of 35,400 uncompleted private residential units remained unsold as of June 2017. In Vietnam, there were 1,200 successful real estate transactions in Hanoi and 1,300 ones in HCMC during September 2017, a decrease of 11% and 8% respectively compared to August 2017.