【Global Property Guide】Singapore’s house price growth slowing again

In 2018, total home sales, which include new sales, sub-sales and resales, fell by 11.5% y-o-y to 22,139 units, in contrast to a y-o-y growth of 52.7% in the prior year, according to the Urban Redevelopment Authority (URA). The weakness of demand continues this year, with home sales falling by almost 30% y-o-y to 3,743 units in Q1 2019.

In Q1 2019, there were a total of 370,944 housing units available in Singapore, up by 0.3% from the previous quarter, according to URA. Of which 347,587 units are occupied, while the remaining 23,357 units are available, making up a 6.3% vacancy rate (down from 6.4% in Q4 2018 and 6.8% in Q3 2018).

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