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by OrangeTee & Tie Pte Ltd.

Should We Expect New Property Cooling Measures in 2021?

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Singapore, 07 Apr 2021

Contrary to expectations, the recession has not taken the wind out of the property market’s sales. According to PropertyGuru’s Singapore Property Market Index Q1 2021 report, sales at the end of 2020 did not experience their customary seasonal dip. In fact, the PropertyGuru Property Price Index (SPPI) rose by 0.98% to 113.5 points, making Q4 2020 the third consecutive quarter in which non-landed property prices rose.

Q1 2021 is expected to follow suit: Last week (1 Apr 2021), the Urban Redevelopment Authority (URA) released flash estimates of a 2.9% rise in prices for Q1 2021, which is the highest growth since Q2 2018.

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