Source: URA

Last Update: 3Q2021

Key Observations

  1. Total Debt Servicing Ratio (TDSR) in 2013 was the emergency stop to upward property prices until 2H2017.
  2. At 2Q2018, all Private Property segments were seeing >4% QoQ growth, prompting immediate cooling measures.
  3. In recent years, prices have been fluctuating for Core Central Region Properties.
  4. For OCR and RCR, mild growth averaging about 1% QoQ since 2019, with a spike for RCR in late 2020/early 2021 likely due to high PSF Central Area projects.
  5. Significantly, HDB prices spiked the most since 2H2020, with 2021 being the year with most number of resale flats crossing $1M.
  6. In an attempt to keep prices from advancing further, cooling measures were implemented in Dec 2021.