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Private Residential Market Report Q1 2023

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In Q1 2023, Singapore's private residential market witnessed all-time high home prices across all segments, driven by robust demand and market resilience. New cooling measures were implemented to promote a sustainable market, affecting foreign buyers and Singaporeans purchasing second or subsequent properties.

Despite the measures, prices are not expected to drop significantly due to limited supply and the potential influx of Mainland Chinese buyers. Read more on this phenomenon by clicking the below.

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