PropertyGuru

The strong takeup in new condo launches boosted prices during the quarter.

Prices already rose at a faster pace in Q2, rising 3.5%.

It grew to 129.44 on a quarterly basis.

This is the 15th straight quarter of price increases. 

The group listed after it raised $345.1m with Bridgetown 2.

More investors might turn to commercial properties rather than luxury properties.

This is as Singapore opened more vaccinated travel lanes.

HDB flats increased faster in their price index compared to other property types.

The RPI for HDB flats for Q4 2021 is at 174.34 points, compared to the overall score of 137.40.

But the outlook for the property sector remains positive for the coming year.

It also recorded a strong performance for H1 2021, despite a net loss of $150.6m.

The AfA's goal is to enhance the accuracy of property listings.

9 out of 10 of the quarter’s best selling projects were affordable and located in OCR. 

Changi Village recorded the highest price growth for the quarter at 10.40%.   Prices of private properties grew by 3.88% in the fourth quarter, driving the median asking price to an all-time high of $1,791 psf, PropertyGuru reported in its Q4 2021 Property Market Index.   Based on the report, the highest growth in asking price was recorded in Changi Airport, Changi Village (District 17) at 10.40%  to $1,178.10 psf.   Behind Changi Village were Sembawang, Yishun in District 27 (10.23%  to $1,252.61  psf); East Coast, Marine Parade in District 15 (8.56% to $2,187.28 psf); Hougang, Punggol, Sengkang in District 19 (5.52% to $1,504.27 psf); and Pasir Ris, Tampines in District 18 (4.95%  to $1,294.78 psf).   From the top-performing districts in terms of asking price growth, three also had entries in the top 10 best selling condos for the fourth quarter namely Pasir Ris 8 in District 18; OLA, The Florence Residences and Sengkang Grand Residences in District 19; and The Watergardens at Canberra in District 27.   On the other hand, City Hall, Clarke Quay (District 6) had the slowest growth in its median asking price for the quarter, declining 12.30% to $3,000.00 psf. This price, however, according to PropertyGuru is still considered “very healthy.”   Other districts which saw a decline in prices were Mandai, Upper Thomson in District 26 (4.25% to $1,064.92 psf);  Beach Road, Bugis, Rochor in District 7 (2.13% to $2,690.97 psf); Seletar, Yio Chu Kang  n Distroct 28 (2.10%   to $1,194.03 psf); and Newton, Novena  in District 11 (0.15% to $ 2,322.73 psf).

Analysts said there are three factors that drove the price growth.

Prices of private residential properties rose by 1.1% in Q3, marking the sixth consecutive quarter of growth.