by OrangeTee & Tie Pte Ltd.

Singapore Home Prices Rise to Highest in More Than Two Years



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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