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by OrangeTee & Tie Pte Ltd.

Singapore Property Market Weathers Recession as Home Prices Rise

URA Quarterly Data

URA Quarterly Data


SG, 01 Oct 2020

Singapore property prices rose in the 3rd quarter as low interest rates and government provided stimulus helped the property market bear the brunt of the worst recession Singapore has faced. According to the URA, property values increased 0.8% in the 3rd quarter, showing strong resilience.

“The property market remained resilient in spite of the uncertainties in the trajectory and development of the coronavirus,” said Christine Sun, head of research and consultancy at OrangeTee & Tie. “Market sentiment may continue to improve and demand of properties may remain strong in the coming months as more sectors of the economy reopen.”


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