According to Singapore property consultant Edmund Tie, Singapore’s Property Price Index for all private residential properties rose for the sixth consecutive quarter by 0.9% quarter-over-quarter in Q3 of 2021.

The performance of non-landed prices across market segments was uneven, with prices in the Core Central Region (CCR) and Outside Central Region (OCR) falling by 0.6% and 0.2% respectively, and the Rest of Central Region (RCR) rising by 2.2% in Q3 2021.

Overall transaction volume dropped by 3.8% q-o-q to 8,129 units in Q3. New sales volume grew by 20.8% q-o-q to 3,584 units, driven by the OCR’s strong growth in new sales, suggesting robust interest for suburban homes which are relatively affordable and larger.

The report stated: ‘Pices have remained relatively steady, and demand in both the primary and secondary markets has remained robust relative to the last few quarters. While fundamentals remain sound, the current Covid restrictions would impede the viewing process and could cap the sales momentum moving into Q4 2021.’