Mass market home prices predicted to inch a tad higher in 4Q

Developers to adjust to new sale prices.

According to Knight Frank, mass market home price could moderate with marginal increase of around 0.5 per cent to 1 per cent q-o-q, as developers adjust new sale prices to boost sales performance.

Here's more from Knight Frank:

Looking ahead towards the last quarter this year in light of existing cooling measures and as TDSR ruling continues to bite, further price moderation is expected in most market segments.

High-end private home prices are likely to post an average 0.3 per cent to 0.5 per cent q-o-q decrease. The mid-tier segment in the RCR could see an uptick in private home prices with modest price increase of about 0.2 per cent q-o-q, in view of upcoming new project launches at good locations.