Residential Property Outlook in 2022

The private residential and public housing markets have had a remarkable year of recovery, with prices growing to an all-time high and achieving record-high sales volumes in the first 11 months of the year.

According to data from the Urban Redevelopment Authority (URA), prices of private residential homes rose 5.2 per cent in the first three quarters of 2021, while resale prices of HDB flats rose by 8.9 per cent in the same period.

There were a number of factors which had contributed to the stellar sales volume and rising price. Among them, the economic recovery, low interest rate environment, and the excess liquidity in the market.

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