What boosted private home prices in 1Q23?
In 1Q, prices rose by 3.3%. Two main factors drove the increase in private home prices in the first quarter of the year, according to PropertyGuru. The first growth driver was sustained price growth in the Outside Central Region (OCR). Data from PropertyGuru showed that prices in the OCR rose 1.9% in 1Q. Boosting the prices in the OCR were major launches like Sceneca Residence, which sold 60% of its