by OrangeTee & Tie Pte Ltd.

Singapore private home prices weaken further with 1.1% drop in Q2: URA flash data

URA Quarterly Data

Q2 2020

Singapore, 01 Jul 2020

Flash estimates from the Urban Redevelopment Authority (URA) on July 1 showed its overall price index for private residential properties declining 1.1 per cent in the second quarter compared to Q1 2020.

In response to this, Ms Christine Sun, Head of Research and Consultancy at OrangeTee & Tie mentioned that closed show flats and barred house viewings last quarter have suppressed buyer demand which will have a negative impact on home prices. 

She further shares her expectations on private home prices for the year.

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