Mass market home prices predicted to inch 1% higher in 4Q
As developers adjust new price tags.
According to Knight Frank, mass market home price could moderate with slight increase of around 0.5% to 1% q-o-q in the last quarter of the year, as developers adjust new sale prices to boost sales performance.
Here's more:
Looking ahead towards the last quarter this year, further price moderation is expected in the high-end segment with 0.3% to 0.5% price decrease.
RCR could see an uptick in private home prices with modest price increase of about 0.2% q-o-q, in view of upcoming new project launches at good locations.