by OrangeTee & Tie Pte Ltd.

Singapore property prices on uptrend

URA Quarterly Data

URA Quarterly Data

Singapore, 26 Aug 2021

Singapore's construction industry’s challenges could continue for the rest of the year at least, despite support from the government, trade associations and banks. This is expected to continue fuelling demand and pushing property prices up, experts said.

About 88 per cent of developers recently polled by the National University of Singapore (NUS) indicated they were “very concerned” about high labour costs in the next six months, higher than the 71 per cent in the first quarter.

Around 58 per cent said they were worried about elevated building material costs, compared with 45.8 per cent in the first quarter.

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