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.