by OrangeTee & Tie Pte Ltd.

Singapore private home prices rise 0.9% in Q2, slowing sharply from recent growth: Flash data

URA Quarterly Data

URA Quarterly Data

Singapore, 01 Jul 2021

SINGAPORE - Private home prices in Singapore rose for the fifth straight quarter but at a much slower pace, dampening speculation of another round of property curbs in the near future. 

The 0.9 per cent price gain in the three months to June from the previous quarter follows an increase of 3.3 per cent in the first quarter and 2.1 per cent in the fourth quarter of last year. Year on year, prices are up 7.3 per cent.

The Urban Redevelopment Authority's (URA) flash estimates released on Thursday (July 1) showed that prices of landed properties edged up only 0.8 per cent in the second quarter, compared with a 6.7 per cent jump in the previous quarter.

Non-landed properties saw a 0.9 per cent rise after climbing 2.5 per cent in the first quarter.

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