Singapore Property Price Recovery Profile

Following from my gripe yesterday about the sky-high property prices in Singapore these days, I went about examining the property price recovery profile in Singapore over the past 15 years (see Chart). Notice the red line. That shows the recovery profile that is currently underway. The duration is not quite as long as the previous recoveries (yet), but the rate of increase is striking. Property prices have risen by an average of 9.5% each quarter during this recovery, much higher than that in previous ones (see Table). Let’s see if the recent measures will rein in prices. I certainly hope they will.