by OrangeTee & Tie Pte Ltd.

2021 Singapore Private Property Prices Post Steepest Quarterly Rise In Almost 3 Years: URA Flash Est

URA Quarterly Data

URA Flash Estimates

Singapore, 06 Apr 2021

In 2021, Singapore Private property prices have posted a full year of quarterly increases after rising 2.9 per cent in the first quarter of 2021 from the fourth quarter of last year — the steepest jump since the second quarter of 2018. Prices had gained 2.1 per cent in the fourth quarter.

This is due to costlier city-fringe homes and a strong market for landed homes. Prices of private homes were driven up largely in the city-fringe areas, where they rose 6.1 per cent, quarter on quarter. 

Year on year, private home prices have risen by 6.2 per cent, with most of the increase – over 5 per cent – taking place over the last two quarters, analysts said.

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