News: Private home price hikes expected to soften in Q2
Private home price hikes expected to soften in Q2
29 June 2010 | Channel News Asia
SINGAPORE: Increases in private home prices are expected to slow down in the second quarter after climbing 5.6 percent in the first quarter.
Colliers International said suburban homes could cost 2 to 3 percent more on average for the next two quarters.
Prices of suburban homes have already surpassed the peak by about 10 percent.
Meanwhile prices in the luxury segment have been projected to grow by up to 20 percent for the whole of 2010.
High-end homes are now just 8 percent off the record prices set in 2008.
