Will condo resale property prices continue to increase until 2030

The outlook for condo resale property prices in Singapore suggests a stable and moderately growing market. Here are some key points to consider:

- ERA Research indicates that private resale transactions are expected to remain robust, with prices likely to increase by 4% to 6% in the current year, which sets a positive tone for the market.
- Over the next 5 years, condo property prices are expected to experience stable and moderate growth, rather than rapid escalation.
- Long-term projections suggest that median property prices in Singapore could continue to rise, with some estimates indicating that home prices may increase significantly by 2030, driven by factors such as a growing population and the upgraders market.

While there are indications of continued price growth, it is important to monitor market trends and specific factors influencing the condo resale market to make informed decisions. Tools like EdgeProp's market trends tracker and property alerts can help you stay updated on the latest developments and trends in the Singapore property market.