Upbeat sentiment after circuit-breaker curbs may have led to slight rise in Singapore property prices in Q2, say analysts | Malay Mail

Property analysts said that the market will calm down when the euphoria of the Phase Two reopening settles down and people become more attuned to the economic sentiments of the ongoing recession. — TODAY pic

In the final second-quarter data released yesterday by URA, transactions in June’s final two weeks drove the price index for the second quarter up by 0.3 per cent from the first. Experts noted that the diminished sales volume is largely due to the circuit breaker curtailing transactions. “When look forward, most people will think that probably three years from now, there will be a vaccine from Covid-19 and things will be better, so I might as well buy now,” Mak said.Analysts said that with the fall in sales volume, it may point to an oversaturation of wealthy buyers pushing private property prices up.

“During the circuit breaker period, there were fewer sales, so when the sample size was smaller, any sales coming from will skew the numbers to become bigger.”

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