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by OrangeTee & Tie Pte Ltd.

Singapore Home Prices Rise to Highest in More Than Two Years

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SG, 04 Jan 2021

Singapore home prices rose to the highest in more than two years last quarter as the city-state forecasts a recovery from its worst recession since independence as Covid vaccinations are rolled out and restrictions eased. Property values increased 2.1% in the three months ended Dec. 31, according to a preliminary estimate by the Urban Redevelopment Authority released Monday. That’s the biggest increase since the second quarter of 2018, when prices increased by 3.4%.

Buyer sentiment could pick up further on the back of Singapore’s vaccination roll-out, said Christine Sun, the head of research and consultancy at OrangeTee & Tie Pte.

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