by OrangeTee & Tie Pte Ltd.

World Business Quick Take



Singapore, 02 Jul 2021

A housing boom took a breather last quarter, after a return to lockdown conditions amid a COVID-19 outbreak eased price growth. Private property values rose 0.9 percent sequentially from the previous quarter, when they rose 3.3 percent, preliminary estimates from the Urban Redevelopment Authority showed yesterday. It was the first time price growth slowed in five quarters. Fewer property launches also caused prices to slow, said Christine Sun (孫燕清), senior vice president of research and analytics at OrangeTee & Tie (橙易產業).

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