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Singapore residential demand : Secondary market activity holds up better in Q3 - Q3 2014

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A research produced by DTZ

Singapore residential demand : Secondary market activity holds up better in Q3 - Q3 2014

Transactions of private homes fell by 32% quarter-on-quarter (q-o-q) to 2,722 units in Q3. Primary sales took a larger hit in Q3, declining by about 50% q-o-q to 1,212 units while secondary sales fell by 2.0% q-o-q to 1,510 units.

Across all buyer groups, private home purchases by Singaporeans saw the largest q-o-q fall of 36% to 1,890 units in Q3. As a result, the proportion of private homes purchased by Singaporeans fell to 69% in Q3. At the same time, purchases by Singaporean Permanent Residents (PR) and foreigners increased by 3.0 percentage-points to comprise 28% of all transactions in Q3.

Source : DTZ

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Keywords : DTZ