Private home prices decline 0.7% in Q3, analysts still expect momentum for rest of the year

Private property prices declined 0.7 per cent in the third quarter, reversing four quarters of growth. Analysts say this is as more people bought homes outside the central region where prices are lower, resulting in what appears to be an overall price drop in the market, even though the number of units transacted rose 9.3 per cent on-quarter. Yet, analysts still expect momentum in prices for the rest of the year, as demand is still high for housing. This is reflected in the sharpest increase in public housing resale prices since 2022. Charlotte Lim with more.