Southeast Asia's real estate market in September 2017

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.

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.