by OrangeTee & Tie Pte Ltd.

Singapore private home prices jump 2.9% in Q1, raising prospect of cooling measures

URA Quarterly Data

URA Quarterly Data

Singapore, 01 Apr 2021

Private home prices in Singapore rose for a fourth straight quarter, jumping 2.9 per cent in the first three months of this year, raising bets on a fresh round of cooling measures.

This is the steepest quarterly increase since the second quarter of 2018, when private residential prices rose by 3.4 per cent before property curbs hit in July that year.

It follows an increase of 2.1 per cent in the fourth quarter last year and 0.8 per cent in the third quarter, according to the Urban Redevelopment Authority's (URA) flash estimate released on Thursday morning (April 1).

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