According to a new report by OrangeTee Research & Analytics, private resale home prices in 3Q2024 remained stable despite the high-interest rate environment. Data from Urban Redevelopment Authority (URA) showed that the average resale prices for landed and non-landed private residential homes, excluding executive condos (ECs), stayed the same at $1,713 psf from 2Q2024 to 3Q2024. However, there were fluctuations in average resale prices within different regions.
In the Core Central Region (CCR), average resale prices increased by 1.6% from $2,145 psf in 2Q2024 to $2,181 psf in 3Q2024. This partially reversed the 3.6% drop seen in the previous quarter. …