Singapore's private home prices rise at slower pace of 0.8% in Q2 amid heightened alert

New private home sales also took a hit in the second quarter, with fewer developments launched.

In the executive condominium segment, developers launched 413 homes in the second quarter, down from 700 the previous quarter. They sold 495 units, versus 647 in the January to March quarter.More people bought private homes in the resale market last quarter, with such transactions making up 63.1 per cent of private property sales, higher than the 55.8 per cent in the previous three months.

This was driven by the non-landed segment, where rentals rose 3.1 per cent in the second quarter compared with 2.4 per cent in the first.SUPPLY IN THE PIPELINE

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