Home sales plummet in Q3 as buyers retreat amid market turmoil, while commercial property thrives

Gemma Iso
Sat, 02 Nov 2024 04:42:54 +0000
Property, commercial property, home sales, Investment

SINGAPORE: In the third quarter of 2024, the landed home market saw a notable slowdown, with sales volume decreasing by 3.7% quarter-on-quarter, totalling 414 transactions. According to property consultancy Huttons in a report from the Singapore Business Review, many buyers held off on purchases during the Lunar Seventh Month. They anticipated a possible interest rate …